IFAC says it is Time for Action on Sustainability, outlining the Next Steps for the Accountancy Profession to lead on climate reporting and other material environmental, social and governance disclosures and their assurance—contributing to strong and sustainable financial markets and economies and enabling the UN’s Sustainable Development Goals.

Professional accountancy organizations and professional accountants must:

1. Support the ISSB by contributing to its standard-setting work where we can, by advocating for our local policymakers to adopt a Building Block Approach, and by helping to develop pathways for the use of the ISSB’s work around the world. IFAC calls this “How Global Standards Become Local.”
2. Position our profession for success by making the case with PAO members, within firms, to clients, and to policymakers that our profession—with its global reach, public interest mandate, skills and competencies, ethical core, and regulatory oversight—is best positioned to provide sustainability services and assurance.

Click here to download the PDF document.