Feedback on SDG disclosure recommendations
A report has been published today summarising the feedback received on the consultation: Recommendations for SDG Disclosures: A Consultation Paper.
Its publication coincides with the publication of a report entitled: Sustainable Development Goals Disclosure (SDGD) Recommendations, authored by Carol Adams, Professor of Accounting, with Paul Druckman and Russell Picot, Honorary Professors at Durham University Business School and supported by ICAS alongside other leading bodies.
Responses to the consultation stressed the need for alignment between framework / standard setters and this represented a strong theme in the consultation responses.
Respondents agreed that accountability for value destruction and negative impacts is critical and that organisations need to consider their relative investment in financial versus non-financial reporting in light of the significance of sustainable development risks and opportunities.
Overall, the Consultation Paper was largely welcomed by respondents who provided valuable input to the consultation process and highlighted the need for a new approach of this type.