AICPA & CIMA, which form the Association of International Certified Professional Accountants, sponsored the inaugural "IFRS Sustainability Symposium," which was held in February in Montréal.
AICPA & CIMA's platinum sponsor reflects their continued commitment to fostering high quality sustainability accounting and reporting through guidance and professional development resources. It also shows their support for clear and globally consistent reporting standards developed by such relevant bodies as the International Sustainability Standards Board (ISSB), the sustainability standard-setter within the IFRS Foundation.
Designed for global business leaders, investors and policymakers, the "IFRS Sustainability Symposium" focused on numerous topics, including:
- The prospect for adoption of the proposed IFRS Sustainability Disclosure Standards
- The challenges involved in promoting sustainability disclosure within emerging economies and small and medium-sized companies
- Integrated reporting best practices and use cases
AICPA & CIMA CEO Barry Melancon, CPA, CGMA, says sustainability continues to be a key strategic area for the organization and the global accountancy profession as a whole. "The development of globally accepted, comprehensive and robust sustainability disclosure standards will support the transition to more responsible business practices, enhance the reliability of ESG-related disclosures and place long-term value creation at the heart of corporate activities and reporting."
Melancon says investors and lenders are demanding clear and consistent measurement and disclosure information, backed by rigorous assurance, and the IFRS Sustainability Symposium will provide a good measuring stick of the progress we've made so far.
To learn more about AICPA & CIMA's sustainability efforts, CLICK HERE.