Corporate Reporting Dialogue

The Corporate Reporting Dialogue

is an initiative, convened by the IIRC, designed to respond to market calls for greater coherence, consistency and comparability between corporate reporting frameworks, standards and related requirements. It aims to communicate about the direction, content and ongoing development of reporting frameworks, standards and related requirements; identify practical ways and means by which respective frameworks, standards and related requirements can be aligned and rationalized; and share information and express a common voice on areas of mutual interest, where possible, to engage key regulators.

Better Alignment Project

The Better Alignment Project is a ground-breaking two-year project focused on driving better alignment in the corporate reporting landscape, to make it easier for companies to prepare effective and coherent disclosures that meet the information needs of capital markets and society. Participants of the Corporate Reporting Dialogue have committed to driving better alignment of sustainability reporting frameworks, as well as with frameworks that promote further integration between non-financial and financial reporting.

Driving Alignment in Climate-related Reporting

The Corporate Reporting Dialogue participants have released a report showing high levels of alignment between their reporting frameworks on the basis of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
As part of the Dialogue’s Better Alignment Project, CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) collaborated intensively to assess alignment on the TCFD’s disclosure principles, recommended disclosures and illustrative example metrics.

Participants:

CDP

Climate Disclosure Standards Board

Financial Accounting Standards Board

Global Reporting Initiative

International Accounting Standards Board

International Integrated Reporting Council

International Organization for Standardization

Sustainability Accounting Standards Board

Landscape Map

The Dialogue has developed an online mapping tool to show the links between participants’ reporting initiatives. The landscape map provides a snapshot of corporate reporting initiatives and is a common reference point for demonstrating alignment through the lens of Integrated Reporting.

Statement of Common Principles of Materiality

This document compares materiality definitions and approaches by Corporate Reporting Dialogue participants. The concepts in this paper represent common foundational principles believed to be broadly consistent with all forms of standards' development and business reporting to stakeholders. The paper demonstrates a commitment by participants to identify practical ways and means by which their respective frameworks, standards and related requirements can be aligned and rationalized.