Enhancing corporate transparency International Sustainability Standards Board to Board’s Task Force on Climate-Related Financial through reporting reform set IFRS sustainability standards, the creation of Disclosures the Value Reporting Foundation, new guidelines ■ Responding to the SEC’s request for comment As part of our commitment to optimising our impacts from the SEC on climate disclosures, and the on climate change disclosures - providing on society and the planet and creating sustained publication of the EU’s Corporate Sustainability outcomes, we believe there is an urgent need for Reporting Directive. perspectives in areas such as rulemaking, systemic economic reform to reset incentives and minimum disclosure requirements and industry align economic interests with societal interests. This We have continued to work with a wide range of speciifcity, geography of disclosures, global conviction is at the heart of our active engagement in stakeholders on the quest to develop a common coordination, and assurance global debates about the future of corporate reporting , set of non-ifnancial reporting metrics. This has as we strive to build integrity and conifdence in the included being heavily involved in discussions ■ Helping to shape the application of the SEC’s capital markets. In our view, greater transparency and around the efforts of ifve leading standard-setting new principles-based human capital disclosures consistency in corporate reporting will empower all organisations for corporate sustainability reporting through publications and interactions with clients stakeholders - including shareholders, customers, - the CDP, CDSB, GRI, IIRC and SASB - to reach a and stakeholders employees, governments and civil society - to make common understanding. better decisions. ■ Responding to the IFRS Foundation’s consultation Examples of our work on reporting include: paper on sustainability reporting The past year has seen signiifcant progress on ■ Representation on the SASB, and network ■ Engaging constructively with the European this agenda, with key events - among others - including IFRS Foundation proposals to create an representation on the Financial Stability Commission on its draft proposals to reform