Sustainability
Sustainability
Sustainability can be defined as humanity meeting its current needs without overburdening the natural environment or future generations.
The ISSB’s Sustainability reporting standard, IFRS S1, provides important direction for Sustainability reporting globally. Increasingly it is being incorporated into national and regional sustainability reporting standards, such as the voluntary AASB S1 in Australia. An equivalent standard has yet to be issued by the XRB for New Zealand entities, who may wish to use IFRS S1 to guide voluntary Sustainability reporting.
For New Zealand, the Sustainability Reporting Board has delegated authority from the XRB Board to issue non-binding guidance that relates to non-financial reporting. It’s He Tauira reporting framework is initially intended to be used by Māori reporting entities.
The United Nation’s 2030 Agenda, especially the Sustainable Development Goals (SDGs)¹, are also used globally, with entities typically reporting their progress against the SDGs they select as most appropriate for them.
Environmental, social and economic sustainability are now integral to the way in which stakeholders expect organisations to operate in the modern world.
PathLight can:
discuss your ambitions in this area and support you to select the most appropriate Sustainability reporting approach for your entity
develop a roadmap of initiatives with suggested workstreams to enable you to report effectively under the reporting approach you select
support your organisation as you implement the workstreams and develop reporting to show your progress
provide on-going advice to help your organisation stay ahead of the curve in this fast-moving area.
the Sustainable Development Goals (SDGs) are 17 global goals designed to be a “blueprint to achieve a better and more sustainable future for all”. The SDGs were set in 2015 by the United Nations General Assembly and are intended to be achieved by 2030
PathLight’s mission is to support organisations to evolve and prosper in the changing landscape of governance (ESG), climate risk, sustainability and risk management.
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