Sustainability reporting key to profitability and success, says new guide from ACCA

ACCA (the Association of Chartered Certified Accountants) has today published a new guide entitled ‘Sustainability reporting – the guide to preparation’. It is published ahead of COP28, the UN climate summit starting on 30 November in the UAE, in which ACCA is participating. Driving forward sustainability reporting – and increasing its global adoption – will be among the topics discussed.

Aimed at professional accountants, senior management and talent developers, this guide sets out key steps to help organisations start to prepare for sustainability reporting. It includes an eight-stage reporting cycle and suggestions with examples. It can be adapted to organisations of various sizes. The guide focuses on preparing for sustainability reporting in accordance with the inaugural ISSB (International Sustainability Standards Board) Standards, however it is equally relevant to organisations applying other sustainability reporting standards.


This first-in-a-series guide is complemented by a series of videos, produced in partnership with the ISSB. Intended to help understand and apply the standards, they focus on the first two standards: IFRS S1 and IFRS S2, which were published in June this year.

Sundeep Jakhar, Head of Public Affairs – India, ACCA commented “India has witnessed significant progress in sustainability reporting with strong regulatory push from SEBI, which has over the years been enhancing the responsibility of India Inc in expanding its sustainability initiatives, reflecting a growing commitment to sustainable development. Introducing sustainability reporting will be a major undertaking for many organisations. Make the case for investing in people – be it for developing new capabilities, improving the way in which teams operate, or changing the organisational structure – to equip them for sustainability reporting and more”

Report co-author Sharon Machado, head of sustainable business at ACCA said, ‘Achieving quality in sustainability reporting needn’t be a race; what’s important is having the courage to get started, the ability to apply judgement in the context of your organisation, getting others on board, and findings ways to improve.’

Report co-author Hsiao Mei Chow, head of corporate reporting insights – sustainability at ACCA, added: ‘There’s no one-size-fits-all solution. We encourage all involved to take time to work through the suggested processes, then design processes appropriate to their organization and implement them.

Report co-author Aaron Saw, head of corporate reporting insights – financial at ACCA, commented: ‘Sustainability reporting is likely to cover a range of matters, but the emphasis should be on material information for the intended users. Determining material information about sustainability-related risks and opportunities for reporting requires a three-step approach.’

ACCA director of policy & insights, Mike Suffield said: ‘Sustainability reporting requirements extend to explaining the approach and progress made on sustainability-led strategies – for many professional accountants this is a big change. On the other hand, this more holistic reporting requirement supports achieving benefits over the short-, medium-, and longer-term.’

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