Standards and frameworks

Announced by the IFRS Foundation during the COP26 forum in Glasgow in November 2021, the ISSB intends to harmonise ESG standards by creating a global baseline for ESG reporting that is “focused on the needs of investors and financial markets”.

GRI is an independent, international organisation that helps businesses and other organisations take responsibility for their impacts, by providing them with a global common language to communicate those impacts (GRI Standards).

The UN Global Compact is a voluntary initiative that supports companies to do business responsibly by aligning their strategies, policies and operations with the Ten Principles on Human Rights, Labour, Environment, and Anti-corruption, and to take strategic actions to advance broader societal goals, such as the UN SDGs.

The World Economic Forum (WEForum) Stakeholder Capitalism Metrics (SCM) encompass a set of common metrics and disclosures on non-financial factors for investors and other stakeholders.

The TCFD, set up by the Financial Stability Board (FSB), offers a set of climate-related financial disclosure recommendations, structured around four thematic areas that represent core elements of how companies operate: governance, strategy, risk management, and metrics and targets.

The TNFD aims to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks.

CDP supports companies, cities, states, and regions in measuring and managing environmental risks and opportunities, including those related to climate change, water security, forestry management, and other issues.