On 11 September the GRI, IIRC, SASB, CDP and CDSB publish a Statement of Intent to work together towards comprehensive corporate reporting. They commit to engage with key actors such as the IOSCO, IFRS, European Commission and WEF International Business Council. Their vision statement presents different types of “nested sustainability information”, recognizing the ideas of double materiality and dynamic materiality. The visual presentation sets out an outer ring of information on significant impacts (on the economy, environment and people), a middle ring of information on sustainability topics material for enterprise value creation, and an inner ring of material information already reflected in financial reporting. These building blocks are described as showing the ecosystem in which the different standards are nested. Further alignment between them will facilitate the flow of information across the three building blocks.
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