As the World Economic Forum convenes virtually this week, business must recommit to supporting the Sustainable Development Goals and the 2015 Paris Agreement through more consistent environmental, social and governance reporting to highlight progress in these areas toward long-term value creation for all stakeholders.
that are considered most critical for business, society and the planet, and that companies can report on regardless of industry or region. This project responds to the recognition by business that it has a wider responsibility to its stakeholders. In addition to promoting the adoption of these universal, core ESG metrics, the IBC encouraged greater cooperation and alignment among existing standard setters.
Deloitte has been at the forefront of driving further convergence. Together with WEF and the Impact Management Project, we are facilitating the important work by the five leading sustainability standards and framework reporting providers, which include the Climate Disclosure Project , Climate Disclosure Standards Board , Global Reporting Initiative , International Integrated Reporting Council and Sustainability Accounting Standards Board .
Prominent regulators, investors and companies are supporting these moves. IOSCO has said that it stands ready to play the same role for sustainability reporting as it did 20 years ago to accelerate moves to international financial reporting standards. The past year has shown how environmental, social and governance issues affect every one of us: every household, every community, and every business. reveals that 60% of the CXOs surveyed believe we are likely to see major disruptions, such as a global pandemic, civil unrest or climate-related natural disasters, more frequently. The research suggests that resilient organisations are better positioned to manage disruptions and use them to navigate to a “better normal” for the future.
Deloitte So how much have we blown on evacuation of people from hurricane, tornado, and flood areas, or lost commerce after these weather events, even the blizzards we’ve experienced.
Deloitte Communism is never the answer.