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In 2024, Vancity initiated a values-led transformation focused on improving member service and restoring profitability, while staying true to its co-operative values. Report highlights include: $12.1B 2024reporting reflects Vancitys dual focus on material financial risks and broader social and environmental impacts.
The standards build on the previous work of the Climate Disclosure Standards Board (CDSB), the Task Force for Climate-related Financial Disclosures (TCFD), the Value Reporting Foundation’s IntegratedReporting Framework, industry-based SASB Standards and the World Economic Forum’s Stakeholder Capitalism Metrics.
The ISSB – International Sustainability Standards Board – is special because it reduces the amount of frameworks, and merges an array of existing major international frameworks, including TCFD , CDSB Framework ; IntegratedReporting Framework; SASB Standards; WEF Stakeholder Capitalism Metrics.
Jane Thostrup Jagd will publish a much more comprehensive analysis of early CSRD reporting trends, looking specifically at the 100 largest listed EU companies, including some other interesting advocacy examples not covered here. We were pleased to see that the majority (62%) mentioned political influence and lobbying in some form.
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