Today, it was announced that the IFRS Foundation has consolidated the Value Reporting Foundation into its organization. The IFRS oversees the International Accounting Standards Board (IASB).
This consolidation means that the SASB Standards will become the International Sustainability Standards Board (ISSB) and will be managed through the same process and organization as global financial standards. The Integrated Reporting Framework and Integrated Thinking Principles will be managed jointly between the IASB and the new ISSB.
Putting aside all the acronyms, this sends a simple and powerful message to the business community: there are powerful connections between sustainability and financial performance. Integrated Reporting and Thinking are about identifying, managing and communicating those connections. Our community will continue to be part of the global community of integrated reporting and thinking practitioners. Stay tuned!