Time to create new sustainability standards board

The time is now right for an International Sustainability Standards Board to run alongside the International Accounting Standards Board (IASB), says the International Federation of Accountants.

It explained that the proposed board would address the urgent and growing demand from investors, policy makers and regulators for a reporting system that delivers consistent, comparable, reliable, and assurable information relevant to enterprise value creation, sustainable development and evolving stakeholder expectations.

IFAC CEO, Kevin Dancey, said; “The time for a global solution is now. Given the momentum that has developed this year… we have a unique opportunity to act in concert to do the right thing in the public interest.