Tue Apr 13 UTC (7 months ago)
In your timezone (EDT): Tue Apr 13 10:30am - Tue Apr 13 11:30am
The Trustees of the IFRS Foundation published a Consultation paper in December 2020 to assess demand for global sustainability standards and assess whether and to what extent the Foundation might contribute to the development of such standards. The Foundation received just under 600 responses to their consultation. It is evident that the demand for non-financial and sustainability information continues to grow, as business models are increasingly exposed to social and environmental issues, including climate-change related regulation. Investors need high-quality information that allows them to assess how companies are managing these issues and the impact they have on a company’s long-term prospects.
In this session, we will discuss the feedback to the Consultation paper and touch on regional developments, including the EU’s non-financial reporting directive. We will also discuss expected next steps in response to the Foundation consultation, given the critical need to drive global consistency for businesses, investors and the public by streamlining non-financial reporting frameworks into one globally consistent set of standards.
Investment Manager, CalPERS
Senior Corporate Governance Specialist, APG Asset Management
Vice-Chair of the Board of Trustees, International Financial Reporting Standards (IFRS) Foundation
Global Head of KPMG IMPACT and Global Head of Infrastructure, KPMG International
Audit Partner & Board Member, KPMG & SASB Standards Board