Category Archives: Insights

As the private sector increasingly takes on greater leadership in helping to create a more sustainable world—as is taking place through the implementation of the recent Paris climate negotiations and the UN Global Goals for sustainable development, for example—more companies are disclosing on sustainability performance. But as more firms embrace sustainability reporting, and new developments in regulations and reporting practices emerge, sustainability reporting frameworks must continue to evolve.

In an effort to enhance the clarity and uptake of sustainability reporting worldwide, the Global Reporting Initiative (GRI) recently released its final set of Sustainability Reporting Standards (Standards) in November 2016, marking the next phase of GRI reporting. As the most commonly used framework for sustainability disclosures, this is a change any company reporting or considering doing so will want to make note of.

What are Standards?

The GRI is in the midst of restructuring its reporting framework from iterative guideline releases (as with… More >

In this article, KT Michaelson, Director of Analytics, discusses how companies can lead on climate disclosure in 10-Ks with information already reported in a CDP response, and additional overlap with Global Reporting Initiative (GRI) reports. This article first appeared in Compliance Week.

Learn more about CDP from our other resources in this series:

Climate change is reaching a new altitude in the public’s consciousness. Extreme weather such as last year’s Hurricane Patricia, the strongest hurricane ever measured in the Western Hemisphere, the ongoing California drought, or the recent Winter Storm Jonas, while not individually attributable to climatic shifts, has demonstrated the potential consequences of a changing climate. To put numbers to such effects, a project co-chaired by former New York mayor Michael Bloomberg found that, within the next 25 years, temperature changes will increase energy costs up to $12 billion per year, hurricanes and storms will… More >

In an overview of assuring sustainability data and reports, KT Michaelson, Director of Analytics, writes on the current state of environmental, social, and governance assurance, and how a company can take the first steps to treat sustainability data with the same regard as financial data. A version of this article first appeared in AICPA Insights.

In terms of intangible accounting, there are likely no assets or liabilities more ethereal than those related to environmental, social and governance issues. Mother Nature does not send monthly balance sheets. An organization’s diversity and inclusion committee cannot easily sell its access to deeper talent pools on the open market. And yet, gaps in management structures can wreck value beyond any analysis.

As a result, an organization must account for these concepts with hard data to help manage and improve these often overlooked risks and assets. Furthermore, just as it can with an organization’s financial… More >