Having transparency and accountability in reporting helps companies build stakeholder trust, attract investment, more effectively manage risks, and drive long-term growth. In addition, stakeholders continue to demand high-quality, accurate, and comprehensive data about sustainability-related information, including Greenhouse Gas (GHG) emissions, which affect climate risks.
As legislators and regulators respond to the evolving needs of the market by contemplating laws and regulations requiring companies to report sustainability information, they should consider incorporating the following into legislation or regulations to achieve the objective of providing high quality, consistent and comparable information to users of the information:
- Recognized sustainability reporting standards
- Assurance practitioner qualifications like ethics, independence, and oversight; competency; and systems of quality management
- Recognized assurance standards and
- Specified levels of assurance (limited or reasonable assurance)
Download this publication to further explore these important considerations.