IFAC encourages a building blocks approach for reporting sustainability-related information
14 May 2021
The International Federation of Accountants (IFAC) has published a revised building blocks approach to reporting sustainability information—enhancing its previously issued roadmap, The Way Forward.
IFAC has expressed support for a new standard-setting board under the IFRS Foundation that can lead to the coordination and harmonization of reporting and provide a baseline of requirements addressing sustainability information that is material to enterprise value.
IFAC has planned to engage with stakeholders at future IFAC events to address enhanced corporate reporting.
IFAC’s press release on the publication may be accessed here.