Sustainability standards meet value-creation framework. CFA Institute views the establishment of the Value Reporting Foundation as a significant step forward because it merges the high-quality sustainability disclosure standards of SASB in the context of the value creation framework of the IIRC. Investors see sustainability disclosure as a value driver and this new organization advances the journey to such insight.

The Value Reporting Foundation will simplify the field by a common voice towards a globally consistent building block approach with an international standard as foundation under the umbrella of the IFRS Foundation. This merger is a huge step forward because two key forces in sustainability reporting combine their know-how to strengthen an international sustainability reporting standard with their profound competencies. This is a unique chance to make a major contribution for a paradigm shift in global reporting standards.

This is a great initiative to bring two great institutions on the same platform and give future direction to the sustainability reporting journey which has become so important for all stakeholders. I believe there is significant synergy of thought leadership that Value Reporting Foundation will bring for the preparers and other stakeholders in the future and to me this is the start of Sustainability Reporting 2.0.