IFRS Foundation

Lazard Hires Sarah Al-Suhaimi to Chair Lazard’s Middle East and North Africa Investment Banking Business

Retrieved on: 
Sunday, September 18, 2022
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Lazard Ltd (NYSE: LAZ) announced today that the firm has hired Sarah Al-Suhaimi as Chair of Lazards Financial Advisory business in the Middle East and North Africa (MENA), and that she will be appointed Chair of Lazard Saudi Arabia subject to regulatory approval.

Key Points: 
  • Lazard Ltd (NYSE: LAZ) announced today that the firm has hired Sarah Al-Suhaimi as Chair of Lazards Financial Advisory business in the Middle East and North Africa (MENA), and that she will be appointed Chair of Lazard Saudi Arabia subject to regulatory approval.
  • Her appointment demonstrates Lazards growing commitment to serving investment banking clients in the region through its Riyadh office, where the firm has been licensed to provide financial advisory services since 2010.
  • View the full release here: https://www.businesswire.com/news/home/20220918005043/en/
    Sarah Al-Suhaimi to Chair Lazards Middle East and North Africa Investment Banking Business (Photo: Business Wire)
    Building on our existing presence in the city, Riyadh is the natural location for our regional hub office, from which we will serve investment banking clients across the Middle East and North Africa, said Peter Orszag, Chief Executive Officer of Financial Advisory at Lazard.
  • I am pleased to join Lazard, which is known for its culture of excellence and strong brand globally.

United Therapeutics Releases Its Annual Corporate Responsibility Report and Inaugural Public Benefit Report

Retrieved on: 
Monday, September 12, 2022
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United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation (PBC), today announced the release of its third annual Corporate Responsibility Report with 2021 highlights, providing stakeholders important information regarding the companys commitment to environmental, social, and governance (ESG) priorities.

Key Points: 
  • United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation (PBC), today announced the release of its third annual Corporate Responsibility Report with 2021 highlights, providing stakeholders important information regarding the companys commitment to environmental, social, and governance (ESG) priorities.
  • Contained within the report is the companys inaugural public benefit report, detailing United Therapeutics efforts to meet its public benefit purpose: to provide a brighter future for patients through (a) the development of novel pharmaceutical therapies; and (b) technologies that expand the availability of transplantable organs.
  • We are pleased to share this Corporate Responsibility and Public Benefit Report, which showcases our progress as a responsible and sustainable business committed to advancing the interests of our patients, employees, and communities.
  • We are the first publicly-traded biotech or pharmaceutical company to take the form of a public benefit corporation (PBC).

More Companies Obtaining Independent Assurance on Sustainability Data, According to Global Study by IFAC, AICPA & CIMA

Retrieved on: 
Monday, August 1, 2022
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When it comes to ESG assurance, 82% of engagements were limited in scope in 2020, essentially the same as in 2019 (83%).

Key Points: 
  • When it comes to ESG assurance, 82% of engagements were limited in scope in 2020, essentially the same as in 2019 (83%).
  • Some 61% of assurance engagements were performed by audit firms on a global basis, a slight decline from the previous year (63%).
  • Jurisdictions with some of the highest rates of assurance performed by professional accountants include Australia, France, Italy, Germany and Spain.
  • On the reporting side, the study found 92% of global companies provided some ESG data to investors, either through integrated, annual or standalone reports.

The Tipping Point Fund on Impact Investing Awards a $250,000 Grant to the Value Reporting Foundation to Support Research on Standards for Human Capital Management

Retrieved on: 
Tuesday, July 19, 2022
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NEW YORK, July 19, 2022 /PRNewswire/ -- The Tipping Point Fund on Impact Investing (TPF), a donor collaborative with a mission of scaling the practice of impact investing with integrity, today announced that it would award a $250,000 grant to the Value Reporting Foundation (VRF) to support the organization's research on standards for human capital management (HCM). HCM encompasses a broad range of corporate practices related to the management of employees including hiring and retention, employee engagement, training, compensation, fair labor practices, health and safety, responsible contracting, ethics, desired company culture, and diversity.

Key Points: 
  • However, emerging and evolving issues on HCM created the need for further research to evaluate potential updates to the Standards.
  • Specifically, staff will research disclosure topics and metrics to better account for how human capital issues can impact enterprise value across each of the SASB Standards for 77 industries.
  • "We appreciate the Tipping Point Fund's dedication to improving the quality, comparability and availability of disclosure on human capital management," said VRF CEO Janine Guillot.
  • The U.S. Impact Investing Alliance (Alliance) is dedicated to building the impact investing ecosystem by bridging market gaps and addressing shared challenges.

Canadian AcSB Chair Linda Mezon-Hutter appointed to International Accounting Standards Board

Retrieved on: 
Thursday, May 26, 2022
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TORONTO, May 26, 2022 /CNW/ - Long-time Canadian Accounting Standards Board (AcSB) Chair Linda Mezon-Hutter, FCPA, FCA, CPA (MI), CGMA will be joining the International Accounting Standards Board (IASB) as a member in September 2022.

Key Points: 
  • TORONTO, May 26, 2022 /CNW/ - Long-time Canadian Accounting Standards Board (AcSB) Chair Linda Mezon-Hutter, FCPA, FCA, CPA (MI), CGMA will be joining the International Accounting Standards Board (IASB) as a member in September 2022.
  • Appointed as AcSB Chair in July 2013, Linda began her standard-setting career in 2004 as an AcSB member.
  • "The appointment of Linda to the IASB is a tremendous achievement for Canada," says Lorraine Moore, Chair, Accounting Standards Oversight Council (AcSOC).
  • The Accounting Standards Board (AcSB) is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector.

The Value Reporting Foundation Publishes Updated SASB Standard for the Apparel, Accessories & Footwear Industry Ahead of Transition to the ISSB

Retrieved on: 
Thursday, May 12, 2022
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To support the IFRS Foundations establishment of the International Sustainability Standards Board (ISSB), the Value Reporting Foundation is consolidating into the IFRS Foundation as of June 30, 2022.

Key Points: 
  • To support the IFRS Foundations establishment of the International Sustainability Standards Board (ISSB), the Value Reporting Foundation is consolidating into the IFRS Foundation as of June 30, 2022.
  • At that time, the SASB Standards Board will transition all open standard-setting projects to the International Sustainability Standards Board (ISSB).
  • The SASB Standards Board has also released a Basis for Conclusions document detailing its rationale for the updated Standard, which can be accessed here .
  • The resources including Integrated Thinking Principles, the Integrated Reporting Framework, and SASB Standards are already adopted in over 70 countries.

IFRS Foundation takes next steps to establish ISSB presence in Montreal

Retrieved on: 
Thursday, April 7, 2022
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MONTREAL, April 6, 2022 /CNW/ - The IFRS Foundation and Chartered Professional Accountants of Canada (CPA Canada) today announced an agreement to establish the Montreal centre of the International Sustainability Standards Board (ISSB).

Key Points: 
  • MONTREAL, April 6, 2022 /CNW/ - The IFRS Foundation and Chartered Professional Accountants of Canada (CPA Canada) today announced an agreement to establish the Montreal centre of the International Sustainability Standards Board (ISSB).
  • The two signing parties have also committed themselves to the long-term success of the ISSB and its Montreal presence.
  • The next meeting of the IFRS Foundation Trustees will take place in Montreal between June 28 and 30, 2022.
  • By welcoming Montreal, the IFRS Foundation is signalling its trust in Canada to help the ISSB establish a global footprint.'

Japanese Translation of the SASB Standards Now Available

Retrieved on: 
Wednesday, March 16, 2022
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SAN FRANCISCO/LONDON, March 15, 2022 (GLOBE NEWSWIRE) -- The Value Reporting Foundation today announced that Japanese translations are now available for the SASB Standards, which are available for 77 industries.

Key Points: 
  • SAN FRANCISCO/LONDON, March 15, 2022 (GLOBE NEWSWIRE) -- The Value Reporting Foundation today announced that Japanese translations are now available for the SASB Standards, which are available for 77 industries.
  • The publication of Japanese translations of SASB Standards will make the Standards more accessible and easier to use by companies of all sizes in Japan.
  • Additionally, the Staff is working to enhance the international applicability of SASB Standards via its Standards Internationalization Advancement Project.
  • As part of this consolidation, the SASB Standards will ultimately transition into IFRS Sustainability Disclosure Standards using ISSB due process.

SASB Investor Advisory Group Announces New Chair and Vice Chair

Retrieved on: 
Thursday, March 3, 2022
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SAN FRANCISCO/LONDON, March 03, 2022 (GLOBE NEWSWIRE) -- The Value Reporting Foundation today announced the appointments of a new chair and vice chair to the SASB Investor Advisory Group (IAG), a group of leading asset owners and managers committed to improving sustainability-related disclosures to investors.

Key Points: 
  • SAN FRANCISCO/LONDON, March 03, 2022 (GLOBE NEWSWIRE) -- The Value Reporting Foundation today announced the appointments of a new chair and vice chair to the SASB Investor Advisory Group (IAG), a group of leading asset owners and managers committed to improving sustainability-related disclosures to investors.
  • Richard Manley, Managing Director, Head of Sustainable Investing at CPP Investments will become Chair and Carine Smith Ihenacho, Chief Governance and Compliance Officer at Norges Bank Investment Management (NBIM) will become Vice Chair.
  • The SASB Investor Advisory Group which has grown to more than 60 members from 12 markets and >$52T in assets has been advocating for improved ESG disclosure and the use of SASB Standards since it was formed in 2016.
  • The SASB Investor Advisory Group has played an essential role in demonstrating investor demand for high-quality ESG information and shaping the SASB Standards to provide decision-useful information to the capital markets.

MetricStream Collaborates with SASB Standards, Enabling Organizations to Balance Profit with Purpose, Improve Environmental, Social Scores

Retrieved on: 
Tuesday, February 8, 2022
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Through this collaboration, MetricStream now can integrate the industry-specific, decision-useful, and cost-effective SASB Standards and metrics into its offerings.

Key Points: 
  • Through this collaboration, MetricStream now can integrate the industry-specific, decision-useful, and cost-effective SASB Standards and metrics into its offerings.
  • The software enables organizations to define and manage ESG standards, frameworks, and disclosure requirements, among other capabilities surrounding improved ESG and analytics.
  • Collaborating with a globally-recognized ESG standards organization is the perfect complement to our ESGRC software, providing our customers with tools to develop strategic plans to improve ESG scores, said Bruce Dahlgren, CEO, MetricStream.
  • We believe that purpose drives performance, and businesses need advanced tools that drive corporate practices surrounding climate sustainability, social responsibility, and governance.