New Sustainability Reporting Committee Formed

The Prince of Wales’ Accounting for Sustainability Project and the Global Reporting Initiative have formed the International Integrated Reporting Committee (IIRC). The IIRC’s goal is to create a globally accepted framework for accounting for sustainability: a framework that brings together financial, environmental, social and governance information in a clear, concise, consistent and comparable format. The intention is to help with the development of more comprehensive and comprehensible information about an organization’s total performance—prospective as well as retrospective—to meet the needs of the emerging, more sustainable, global economic model.

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