Enact and ISOS Group Team Up To Expand Sustainability Disclosure
Enact Sustainability Strategies, based in Sweden and The Netherlands, teams up with ISOS Group to expand its IIRC approved integrated reporting trainings in the United States and Kenya.
By: ISOS Group
In discussing the next wave of expectations from the international community, investors and consumers alike, the two determined that deeper collaboration was needed to help transform the way companies equate assets and drive value. The International Integrated Reporting Council's <IR> Framework would be the avenue to draw the correlation between traditional accounting models and the non-financial, to provide a more holistic picture of the company's value creation, business model and strategy. For example, in a 2015 study looking across component companies of the S&P 500, intangible assets accounted for just 17% of total market value in 1975 but 80% by 2010. Essentially, capital should now be seen as multi-dimensional.
Though it's taken a while for the market to take hold of this concept, we may finally be at a turning point - where mainstream investors are requesting this information, and many stock exchanges, like the pioneering South African exchange, require a 'report or explain' approach.
"Integrated reporting, combined with all other schemes under our consultancies' toolkits, contributes to a more efficient and effective practice need to pull this all together in one publication."
Though the uptake is characterized by the publicly-traded, non-listed organisations can also benefit from Integrated Reporting.
Education is still needed.
"An interesting aspect about our offering of Integrated Reporting trainings is that they attract both sustainability and financial professionals. Our Integrated Reporting trainings offer a pressure cooker for those two 'worlds' to come together and cooperate". - Mattias Iweborg, Founder and CEO of Enact Sustainable Strategies.
The partnership between Enact and ISOS Group intends to scale knowledge and lend to advancements in reporting, while sharing best practice accumulated over time at each firm. Approved by the IIRC, both one- and two-day trainings will be offered. To celebrate the partnership, representatives of both firms will ignite the U.S. market by co-delivering a training in New York City the first quarter of 2019.
Refer to ISOS Group's website (www.isosgroup.com) as training dates and cities are locked in.
Enact Sustainable Strategies is a values-led consultancy established in 2005, that specializes in sustainable business development and corporate responsibility. We provide inspiration, awareness and understanding as well as strategy development. With offices in Stockholm, Amsterdam and Shanghai, we support organizations and companies in all industries to develop, implement and communicate their sustainability work. Our team consists of 22 advisors and consultants as well as an extensive network of associate consultants and experts around the world.
ISOS Group is a leading sustainability services agency that helps drive value creation for the world's most innovative brands. The firm specializes in Global Reporting Initiative (GRI), Carbon Disclosure Project (CDP), Dow Jones Sustainability Index (DJSI), Global Real Estate Sustainability Benchmark (GRESB) Reporting, External Assurance of Corporate Social Responsibility (CSR) reporting, and Verification of GHG emissions, environmental and other non-financial data.