15 June 2020 — Publication
This feedback analysis paper follows up on the Cogito* project Interconnected standard setting for corporate reporting (December 2019). This Cogito built the case for global interconnected standards to address non-financial information (NFI) topics such as climate change, environmental degradation, human rights and social concerns.
The Cogito paper was well-received, featured in various media and led to debate at events and meetings. 41 leading European and global organisations responded to the call for feedback. This follow-up paper:
The following key takeaways are drawn from the 41 comment letters received:
A significant achievement of this project is the exclusive statement (p. 14) from CDP, Climate Disclosure Standards Board, Global Reporting Initiative and Sustainability Accounting Standards Board, which confirms their commitment to working together towards a globally harmonised system. This answers stakeholders’ calls for NFI initiatives to move more decisively towards convergence.
* Accountancy Europe’s Cogito series (i.e. I think) provides new ideas for the European accountancy profession, enhance innovation and contribute more to business and society. Cogito publications aim to stimulate debate; the views expressed thus do not reflect the official positions of Accountancy Europe or those of any of its 51 member bodies.