How to create consistent ESG reporting

The sixth Luminous Spotlight podcast explores what the newly formed Value Reporting Foundation (VRF) means for corporate reporting and capital providers.

Luminous colleagues Stephen Butler and Rachel Madan caught up with Jonathan Labrey, Chief Strategy Officer at the Value Reporting Foundation (VRF), to shed some light on the newly formed VRF as a step towards action in the sustainability reporting area.

With the aim of advancing development of environmental, social and governance (ESG) standards, the VRF was formed in June this year. It is a global non-profit organisation that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value – how it is created, preserved or eroded over time. The resources – including Integrated Thinking Principles, the Integrated Reporting Framework and Sustainability Accounting Standards Board (SASB) Standards – can be used alone or in combination, depending on business needs. The new body will also deliver a more coherent corporate reporting system by working closely with the IFRS Foundation and others.

In the podcast, Labrey explains the rationale and benefits of the merger of these resources for businesses and their investors, as well as the developments anticipated in the ESG reporting space in the medium and long term. To hear Jonathan’s recommendations on how companies should start on their journey, you can listen to the full conversation below.

Listen to the podcast on
Soundcloud, Spotify or Anchor

You can also download our latest issue of ‘Reporting Matters’ here. The white paper reveals the findings of our research on ESG integration and disclosure in the FTSE 100. To understand how well companies are integrating and reporting on ESG, Luminous’ strategy and insight team examined 39 Annual Reports from FTSE 100 companies. Using the London Stock Exchange’s industry labels, we analysed the most recent reports of the two largest companies in each industry by market cap, covering:

  • ESG integration
  • ESG materiality
  • ESG strategy 
  • ESG performance
  • ESG governance 
  • Independent standards and frameworks

If you’d like to discuss how Luminous can help with your ESG requirements, please do get in touch.