• Register
Return to: Home > News > Standards > Sustainability reporting gathers momentum in Australia and New Zealand

Sustainability reporting gathers momentum in Australia and New Zealand

The volume and quality of sustainability reporting is on the rise in Australia and New Zealand, according to two reports recently published by the Australian Council of Superannuation Investors (ACSI) and by the Responsible Investment Association Australia(RIAA).

Both reports show an increasing number of companies referring to the Global Reporting Initiative (GRI) Guidelines for guidance, seemingly in response to a greater request for accountable and transparent reporting from investors.

According to the ACSI's Corporate Reporting in Australia research paper, over a six-year period the number of reports under GRIGuidelines by the top 200 companies listed on the Australian Securities Exchange (ASX) has doubled; a total of 44 reports were structured to GRI in 2014 alone, compared to 21 in 2009.

The report also indicated that companies reporting in accordance with GRI tended to be the larger companies, with 80% of these in the ASX top 100 listed companies.

According to the RIAA's 2014 Responsible Investment Benchmark Report, for the first time in a decade public investors are increasingly demanding to see their money invested responsibly.

The push towards sustainability reporting has been supported by the Australian government and the ASX. In the third edition of its Corporate Governance Principles and Recommendations, the ASX Corporate Governance Council added the following recommendation: "A listed entity should disclose whether it has any material exposure to economic, environmental and social sustainability risks and, if it does, how it manages those risks."

GRI head of Australia focal point Victoria Whitaker said: "The increase in reports using GRI Guidelines, plus the growing awareness by investors and market regulators of the need for more transparent reporting, can only point to a healthy future for sustainability reporting in our region."


Related links:

Australian Council of Superannuation Investors (ACSI)

Responsible Investment Association Australia (RIAA)

Global Reporting Initiative (GRI)

Related articles:

GRI eyes enhanced role as formal standard setter


Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more


    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.