CDP, CDSB & IIRC form alliance to accelerate integrated reporting
CDP, the Climate Disclosure Standards Board (CDSB) and the International Integrated Reporting Council (IIRC), are forming an alliance that will achieve greater momentum towards the evolution of better corporate reporting, in order to enable investors and other decision-makers to accelerate a transition to a resource-efficient economy.
The Memorandum of Understanding cements a collaboration that demonstrates their complementary roles, on the basis that reporting on the use and depreciation of natural capital - including carbon, energy, water and forest commodities, is integral to integrated reporting (IR) and a key pillar on which IR is based.
CDP’s chief executive officer Paul Simpson commented: “CDP operates on the principle that capital markets need high quality information on corporate impacts on carbon, water and forests. Partnering with the IIRC is a natural step for us as we work to catalyze the adoption of this data into mainstream filings.
“Both organizations will work to promote the global harmonization and clarity of corporate reporting requirements in ways that drive consistency and comparability. This will improve the effectiveness of corporate reporting practices, benefitting companies and investors alike.”