The official statement from The International Integrated Reporting Council (IIRC) and SASB (Sustainability Accounting Standards Board) that they intend to merge to create the Value Reporting Foundation is welcomed by ACCA (the Association of Chartered Certified Accountants).
Commenting on the announcement, Helen Brand, chief executive of ACCA and a Vice Chair of the IIRC Board says: ‘The formation of the Value Reporting Foundation is an important step forward in simplifying the corporate reporting landscape, unifying the considerable expertise of two organisations that clearly align on the sustainability and corporate reporting agendas. I am honoured and pleased to be serving on the new organisation’s Board as Vice Chair alongside Mary Schapiro.
‘Since its creation, the IIRC has worked tirelessly to develop and deliver the <IR> Framework, which ACCA has used in our own integrated annual report since its launch in 2013. And the SASB standards align closely with this. We see this move as a complementary one which will maintain the <IR> Framework and place value at the heart of corporate reporting.
‘I look forward to working with Janine Guillot, who will be CEO of the Value Reporting Foundation, Charles Tilley as special adviser, the Foundation Board and the <IR> Framework Committee on this merger to create a global organisation that will maintain the <IR> framework, ensure aligned and integrated thinking, and set sustainability disclosure standards for value creation.’
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