The Principles for Responsible Investment and the Value Reporting Foundation are among the architects of a new Impact Management Platform, which will sit alongside the IFRS’s upcoming risk-based disclosure standards.
The PRI and VRF have collaborated with the Global Reporting Initiative (GRI), OECD and World Benchmarking Alliance on the initiative, which they say will “mainstream the practice of impact management”. It will serve as a “complementary forum” to the International Sustainability Standards Board (ISSB), which is developing much anticipated global standards for corporate sustainability disclosures.
Karen Wilson, the OECD lead for the Platform, said to RI: “Before companies and investors can start to disclose against the upcoming ISSB standards, they need to start measuring and managing their impacts, which can be difficult as there are so many existing frameworks - which is where we come in.
“The Platform aims to create clar…