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.
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.