Sustainability Reporting

Sustainability Reporting involves the systematic measurement, disclosure, and communication of an organization's environmental, social, and governance (ESG) performance. It provides transparency and accountability to stakeholders, including investors, customers, employees, and the public, about a organization's sustainability practices and impacts. Sustainability reporting is important for all types of organizations, regardless of their ownership structure or industry, including both private and public sectors as it helps to drive sustainable development by promoting responsible business practices, identifying areas for improvement, and fostering trust and credibility. Through this initiative, the CFRR seeks to encourage governments and organizations to integrate sustainability considerations into their decision-making processes and enhance accountability to stakeholders. The CFRR also provides guidance to governments on establishing institutional and regulatory frameworks for sustainability reporting and the assurance of sustainability reporting in line with the requirements of EU legislation, particularly for EU candidate countries, as well as with good international practices and international sustainability standards. The aim is to develop the institutional and technical capacity necessary to effectively implement these frameworks, both for corporations and the public sector. By offering guidance, resources, and promoting good international practices, the CFRR aims to foster a culture of sustainability reporting that contributes to the overall financial reporting reform agenda and promotes collaboration between the public and private sectors in achieving sustainable development goal.

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