by Daniel Milroy Maher
The Association of Chartered Certified Accountants (ACCA) has praised the fourth generation of sustainability reporting guidelines (G4) launched by the Global Reporting Initiative (GRI) during its Global Sustainability Conference held in Amsterdam last month.
GRI’s G4 sustainability framework enables all companies and organisations to report on their economic, environmental, social and governance (ESG) performance.
ACCA executive brand director Neil Stevenson said the guidelines focus on "what matters and what is material" and that they will benefit stakeholders, particularly investors.
"Organisations that want to enhance and improve accountability for stakeholders and investors will benefit by using the G4 guidelines and embracing the principles of Integrated Reporting," Stevenson said.
Stevenson emphasized that in the current economic climate, accountability and transparency are "an imperative" for all companies.
"All major entities in the public and private sectors should report publicly on the effect of their activities on the environment and societies in which they operate, along with reporting on their policies and how these have been translated into practice," Stevenson remarked.
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