Reporting Standard-Setter Network Embraces Sustainability Thresholds & Allocations

Source: IMP website
Source: IMP Website
  • Earlier this month, the IFRS launched its International Sustainability Standards Board (ISSB) that fails to embrace the core tenets of sustainability, such as thresholds & allocations as well as inside-out impact and risk assessment. (The ISSB consists of the Value Reporting Foundation, itself a merger of the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB), as well as the Climate Disclosure Standards Board (CDSB).)
  • Earlier this year, the Global Sustainability Standards Board (GSSB) released the GRI Universal Standards that eviscerated the Sustainability Context Principle by removing the requirement to assess performance — a hallmark of the Principle for the past two decades — despite pleas to retain this vital performance standard.
  • Demand that IMP members now walk their talk by aligning their own standards with the IMP guidance on thresholds & allocations; or
  • Apply the IMP thresholds & allocations guidance, and ignore the elements of the various sustainability standards that contradict this consensus guidance.
List of IMP members from IMP website

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