In 2023, the European Union's European Financial Reporting Advisory Group (EFRAG), the International Financial Reporting Standard's (IFRS's) International Sustainability Standards Board (ISSB) and the United States Securities and Exchange Commission (SEC) each published new guidance for how companies within their jurisdictions account for and report upon their Environmental, Social and Governance (ESG) Impacts.
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At this year's UN General Assembly Science Summit (SSUNGA78), Prof. Philip Sugai, Director, Value Research Center (VRC), Doshisha University, Dr. Victoria Hurth, Cambridge Institute of Sustainable Leadership (CISL), Dr. Mario Abela, Value Balancing Alliance (VBA), and Prof. Haruko Satoh, Osaka University ESG Integration Research and Education Center (ESG-IREC) hold panel discussion on UN SDGs, Agenda 2030 and Local2030.
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At the opening of the COP27 Conference, UN Secretary-General Antonio Guterres chided world leaders about their ongoing inaction, warning that immediate, real, and tangible action is required to address the climate crisis, and if not "we are on the highway to hell, with our foot on the accelerator."
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What qualifies a 'good' company these days? How can a company's impacts on key stakeholders be honestly measured?
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Companies and sustainability teams need a new model for measuring and managing stakeholder impacts, as claims of corporate greenwashing and value washing increase daily.
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The Value Research Center (VRC) launched an integrated Value Model with ESG and Sustainability measures in a new white paper issued today. With the shift from short term, profit-focused thinking towards long-term, sustainable, value-focused thinking, businesses globally need to answer a fundamental question: "What value are you providing our collective future?"
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