Strategic Focus: The Future Of Voluntary Sustainability Reporting
12 Jun, 2023
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Executive Summary
Despite looming ESG disclosure regulations, support for voluntary sustainability reporting remains high on the corporate agenda. This report provides chief sustainability officers (CSOs) with an overview of the current work by the International Sustainability Standards Board (ISSB) to create a global baseline for voluntary sustainability reporting, as well as guidance on how corporates can manage voluntary and regulated reporting side by side.
Interoperability between voluntary and mandatory reporting standards is the critical success factor
The ISSB’s objective is a global reporting baseline, not standardization
Corporate appetite for voluntary reporting remains high
Corporates will continue to juggle voluntary and mandatory reporting for the foreseeable future
The ISSB’s objective is a global reporting baseline, not standardization
Corporate appetite for voluntary reporting remains high
Corporates will continue to juggle voluntary and mandatory reporting for the foreseeable future
Figure 1. Formation of the ISSB standards
Figure 2. Interoperability table of major standards
Figure 3. ESG and sustainability processes funding priorities
Figure 2. Interoperability table of major standards
Figure 3. ESG and sustainability processes funding priorities
Alphabet, AXA, CDP (Carbon Disclosure Project), Climate Disclosure Standards Board (CDSB), Cognizant, Deloitte, DuPont, ERM, European Central Bank (ECB), European Commission, European Corporate Governance Institute (ECGI), European Financial Reporting Advisory Group (EFRAG), EY, FigBytes, Global Reporting Initiative (GRI), Goldman Sachs, GRESB, Halliburton, Integrated Reporting (IR) Framework, International Accounting Standards Board (IASB), International Financial Reporting Standards Foundation (IFRS), International Sustainability Standards Board (ISSB), Kirkland & Ellis, KKR, KKS Advisors, KPMG, LinkedIn, Microsoft, NASDAQ, Position Green, pulsESG, PwC, Said Business School, SLR Consulting, Sphera, Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), Taskforce on Nature-related Financial Disclosures (TNFD), Unilever, University of Oxford, US Securities and Exchange Commission (SEC), Value Reporting Foundation (VRF), Workiva, World Economic Forum (WEF), WSP
About the Authors
Luke Gowland
Senior Analyst
Luke is a Senior Analyst at Verdantix, specializing in ESG and sustainability reporting software and financial ESG. He advises both technology buyers and software vendor and s...
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a...
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