The eight edition of IAI Sustainability Publication highlights key considerations to ensure that the application of the GRI Standards within the context of IFRS S1 does not compromise the quality or relevance of sustainability-related disclosures.
Since GRI establishment in 1997, it has 78% adoption rate globally in 2021 (according to the findings from the IFAC Survey in 2023). However, GRI Standards target a broader audience than users of general-purpose financial reports. The ISSB acknowledges that a subset of disclosures within the GRI Standards may be useful to these users, but the focus of the IFRS Sustainability Disclosure Standards is to provide specific, material, and decision-useful information for investors, in alignment with the objectives of IFRS S1. Therefore, there are widespread and strong demand for interoperability within these standards.
Acknowledging the necessity for enhanced alignment in the global sustainability reporting landscape, both the IFRS Foundation and GRI recognize the potential for the ISSB Standards and GRI Standards to function as interconnected reporting pillars. These pillars cater to distinct viewpoints and, when combined, can establish a comprehensive framework for corporate reporting that encompasses the disclosure of sustainability-related information.
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About IAI Sustainability Publication
On 27 November 2023, DPN IAI has officially established Dewan Standar Keberlanjutan IAI (DSK IAI). The formation of DSK IAI is a strategic step to oversee and ensure the implementation of comprehensive sustainability standards in Indonesia, with the aim of strengthening accountability and transparency in corporate sustainability reporting.
Therefore, IAI Task Force Comprehensive Corporate Reporting Publication transform into IAI Sustainability Publication. The publication still have the same objectives, it highlights current issues and the latest developments in comprehensive corporate reporting, including but not limited to sustainability reporting. This publication is authored by members of the IAI council, boards, compartments, or technical staff of IAI. The views expressed in this publication are those of the individual authors and do not necessarily reflect the views of the DSK IAI. This publication is intended for discussion purposes only and does not constitute an official pronouncement or position of the DSK IAI. The official positions of the DSK IAI are determined only after a formal due process and discussion as required by IAI procedures.
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