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Sustainable Development Annual Financial Report Guidelines

What's New

January 2006: ICAA Extended Performance Reporting - An Overview of Techniques
June 2006: CIPFA A Reporting Framework for the Public Services 2006 CIPFA (Chartered Institute of Public Finance and Accountancy - UK)
June 2006: Joint Committee on Parliamentary Joint Committee on Corporations and Financial Services Corporate responsibility: Managing risk and creating value
July 2006: Government Response to the November 2005 Final report of the Public Accounts Committee in relation to the Sustainability Reporting in the New South Wales Public Sector Inquiry 2005
August 2006: IFAC Sustainability August 2006 IFAC - This is a major area of focus for the PAIB Committee. The IFAC Board approved the establishment of a Sustainability Panel of Experts to serve in an advisory capacity to the PAIB Committee and the International Auditing and Assurance Standards Board (IAASB) to encourage the involvement of the profession in this issue. In August 2006, two papers were published. The first information paper, Why Sustainability Counts for Professional Accountants in Business, provides an overview of enterprise sustainability and sets out the business case for addressing the risks and opportunities of sustainable development at the enterprise level. Professional Accountants in Business - At the Heart of Sustainability?, the second paper, provides first-hand commentary from eleven senior professionals working in various enterprises around the world on the role of PAIBs and the challenges they face in promoting and implementing sustainable development strategies. The two information papers can be downloaded free-of-charge from the IFAC online bookstore at http://www.ifac.org/store
October 2006: The third edition (G3) of the GRI Guidelines will be finalised and released in October 2006. A draft of the G3 Guidelines is available at the GRI website.

Reporting Guidelines and Discussion Papers on Best Practice

New Zealand

Australia

America and Canada

United Kingdom and Europe

Hong Kong

Japan

Global

New Zealand

1. NZBCSD (New Zealand Business Council for Sustainable Development)

Business Guide to SDR June 2001
Case Studies

2. SBN (Sustainable Business Network) and MFE and the (Ministry for the Environment)

Enterprise3 June 2003

Australia

1. Auditor General Victoria

Measuring and Reporting on Sustainability - Beyond the Triple Bottom Line, Occasional Paper, 2004

2. Standards Australia

AS/NZS 5911(Int):2005 : General guidelines on the verification, validation and assurance of environmental and sustainability reports March 2005

3. Department of Environment & Heritage Australia

Triple Bottom Line Reporting in Australia: A Guide to Reporting against Environmental indicators. June 2003
Corporate Sustainability - An Investors' Perspective: The Mays Report. September 2003

4. ICCA (Institute of Chartered Accountants of Australia)

Financial Report Audit: Meeting the Market Expectations - (The 'Trotman' Report) June 2003
New Directions in Business: Performance Reporting, Communications and Assurance. Michael Bray, KPMG February 2002

America and Canada

1. AICPA (American Institute of Certified Public Accountants) - published by the AICPA Special Committee on Enhanced Business Reporting

Quality and Transparency in Business Reporting - A Call for Action in the Public Interest. December 2003

United Kingdom and Europe

1. FEE (European Federation of Accountants) *click on Sustainability (Formerly Environmental) link

Discussion Paper on providing assurance on sustainability reports. mid 2002

2.ICAEW (The Institute of Chartered Accountants in England & Wales)

Information for Better Markets - New reporting models for business. November 2003

3. NIVRA (Nederlands Instituut van Registeraccountants)

New Dutch Exposure drafts regarding Sustainability Reports

4. SIGMA

The SIGMA Guidelines. September 2003

5. Sustainability UK

Trust Us Report. November 2002

6. CIPFA Chartered Institute of Public Finance and Accountancy - UK

CIPFA A Reporting Framework for the Public Services June 2006 CIPFA

Hong Kong

1. HKSA (Hong Kong Society of Accountants)

Practice Note: 1010 The Consideration Of Environmental Matters In The Audit Of Financial Statements December 2003

Japan

1. Japan Ministry of the Environment

Environmental Accounting Guides March 2002

Global

1. AccountAbility

AA1000 Assurance Standard 1999

2. GRI (Global Reporting Initiative)

Sustainability Reporting Guidelines. Principles and indicators for reporting sustainable development performance and impacts. First issued in 2000, updated in 2002, next generation expected in late 2006 (G3).

3. IFAC (International Federation of Accountants)