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Merger of IIRC and SASB welcomed by ACCA

Date

25 Nov 2020

Sections

InfoSociety

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.’

- ends -

For media enquiries, contact:

Helen Thompson

E: helen.thompson@accaglobal.com

M: +44 (0)7725 498 654

Twitter @ACCANews

accaglobal.com

About ACCA: ACCA is the Association of Chartered Certified Accountants. We’re a thriving global community of 227,000 members and 544,000 future members based in 176 countries and regions that upholds the highest professional and ethical values.

We believe that accountancy is a cornerstone profession of society that supports both public and private sectors. That’s why we’re committed to the development of a strong global accountancy profession and the many benefits that this brings to society and individuals.

Since 1904 being a force for public good has been embedded in our purpose. And because we’re a not-for-profit organisation, we build a sustainable global profession by re-investing our surplus to deliver member value and develop the profession for the next generation.

Through our world leading ACCA Qualification, we offer everyone everywhere the opportunity to experience a rewarding career in accountancy, finance and management. And using our respected research, we lead the profession by answering today’s questions and preparing us for tomorrow.

Find out more about us at accaglobal.com

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