UNCTAD-ISAR released the 2.0 version of its indicators for enterprise sustainability reporting, the Guidance on Core Indicators for Sustainability and SDG Reporting (GCI) The fragmentation of frameworks and standards in #sustainabilityreporting has been a major barrier for firms’ efforts aimed and providing reliable and comparable sustainability reports. #UNCTAD-ISAR has been undertaking work aimed at overcoming these challenges. An updated version of the GCI has been released at the 39th Session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting. The GCI was first introduced in 2016 with the baseline reporting framework of 33 indicators. The Guidance is intended to provide a reliable set of universal and quantitative core indicators, including recommendations on measurement methodology, implementation and practical application across various geographies, sizes of industries and variety of sectors. Based on the findings of the GCI practical case studies conducted in 2017-2022, the deliberations at the Consultative Group meeting as well as the key international developments in this area UNCTAD has revised the Guidance on Core SSDG Indicators. The modifications include light changes in measurement methodology, normalization, clarifications and inclusion of an additional indicator on land and biodiversity. The objective of the GCI is to provide practical information on how the indicators can be measured in a consistent manner and in alignment with countries’ needs on monitoring the attainment of the 2030 Agenda. It is intended to serve as a tool to assist Governments in assessing the private sector’s contribution to the Sustainable Development Goals. It also intended to assist entities in providing data on sustainability issues in a consistent and comparable manner. Beyond the objective of Sustainable Development Goal impact measurement, the GCI facilitates capacity-building in the area of sustainability reporting in general. Capacity building for reporting on sustainability issues is now particularly relevant in light of rapid developments on the topic and growing support for the upcoming international sustainability reporting standards. Find out all the information on the GCI on the ISAR website: https://lnkd.in/eufsBWGm Download the Guidance here: https://lnkd.in/eikEhk5J UNCTAD Global Reporting Initiative (GRI) IFRS Foundation International Sustainability Standards Board (ISSB) United Nations Global Compact International Organization of Securities Commissions (IOSCO)International Accounting Standards Board (IASB) #sustainabledevelopment #sustainability #accounting #sdgs
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