{"id":3433,"date":"2024-08-06T00:12:34","date_gmt":"2024-08-06T00:12:34","guid":{"rendered":"https:\/\/sdgnews.com\/?p=3433"},"modified":"2024-08-06T00:12:37","modified_gmt":"2024-08-06T00:12:37","slug":"undp-gri-ifrs-iso-partner-to-establish-sustainability-disclosure-and-management-hubs-across-developing-economies","status":"publish","type":"post","link":"https:\/\/sdgnews.com\/es\/undp-gri-ifrs-iso-partner-to-establish-sustainability-disclosure-and-management-hubs-across-developing-economies\/","title":{"rendered":"UNDP, GRI, IFRS, ISO Partner to Establish Sustainability Disclosure and Management Hubs Across Developing Economies"},"content":{"rendered":"\n<p><em>UNDP and Global Partners Establish Sustainability Disclosure and Management Hubs Across Developing Economies<\/em><\/p>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Global Collaboration for Sustainability:<\/strong> UNDP, in partnership with GRI, GSG Impact, IFRS Foundation, and ISO, is launching Sustainability Disclosure and Management Hubs (SDMHs) across 14 developing and emerging economies to enhance sustainability disclosure standards.<\/li>\n\n\n\n<li><strong>Empowering Developing Economies:<\/strong> The SDMHs aim to build capacity in sustainability management, aligning with national development priorities and facilitating the adoption of international standards.<\/li>\n\n\n\n<li><strong>Phased Implementation:<\/strong> Initial projects will launch in 2024 across six countries, with expansion to eight additional countries in 2025, fostering transparency and competitiveness in global markets.<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-global-alliance-for-sustainability\">A Global Alliance for Sustainability<\/h3>\n\n\n\n<p>The United Nations Development Programme (UNDP), in collaboration with the Global Reporting Initiative (GRI), GSG Impact, the IFRS Foundation, and the International Organization for Standardization (ISO), has formed a unique alliance to establish Sustainability Disclosure and Management Hubs (SDMHs). These hubs are set to enhance sustainability disclosure standards across 14 developing and emerging economies in Latin America and the Caribbean, Africa, and Asia during 2024 and 2025.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-expanding-existing-partnerships\">Expanding Existing Partnerships<\/h3>\n\n\n\n<p>Building on the partnership between UNDP and the IFRS Foundation\u2019s International Sustainability Standards Board (ISSB), initially established at COP27 in 2022, this strengthened collaboration aims to facilitate the adoption of sustainability disclosure and management standards. These standards include IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, alongside GRI Standards and management standards developed by ISO and UNDP.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-empowering-emerging-economies\">Empowering Emerging Economies<\/h3>\n\n\n\n<p><strong>Marcos Neto, Assistant Secretary General, Assistant Administrator, and Director, Bureau for Policy and Programme Support of the United Nations Development Programme (UNDP), expressed enthusiasm for the initiative<\/strong>: <em>\u201cWe are excited to collaborate with Global Reporting Initiative (GRI), GSG Impact, IFRS Foundation (IFRS), and International Organization for Standardization (ISO) in launching the SDMHs, a remarkable step forward in advancing global sustainability disclosure and management standards. These hubs will empower developing and emerging economies, fostering capacity building in sustainability disclosure and management while aligning with their national development priorities through a comprehensive approach.\u201d<\/em><\/p>\n\n\n\t\t<div data-elementor-type=\"page\" data-elementor-id=\"2169\" class=\"elementor elementor-2169\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ad85f5 e-flex e-con-boxed e-con e-parent\" data-id=\"1ad85f5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c4c36b5 elementor-widget elementor-widget-heading\" data-id=\"c4c36b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h5 data-elementor-setting-key=\"title\" data-pen-placeholder=\"Type Here...\" style=\"font-family: joanna-nova, sans-serif;font-weight: 400;line-height: var( --e-global-typography-7044a64-line-height );font-size: var( --e-global-typography-7044a64-font-size );letter-spacing: normal;text-align: center\">Change the World - Subscribe Now<\/h5><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-392f45d elementor-widget__width-initial elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"392f45d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;50&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Newsletter Signup Footer\" aria-label=\"Newsletter Signup Footer\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"2169\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"392f45d\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"SDG News\" \/>\n\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-50 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-xs  elementor-field-textual\" placeholder=\"Enter Email Address\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-50 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-xs\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Subscribe<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-phased-implementation-strategy\">Phased Implementation Strategy<\/h3>\n\n\n\n<p>In 2024, the SDMHs will execute pilot projects in six developing and emerging economies across Latin America and the Caribbean, Africa, and Asia. These projects will focus on capacity building, aligning with national development priorities, stock exchange guidance, and regulatory development, in collaboration with UNDP Financial Centres for Sustainability Network (FC4S) Members. The initiative will expand to eight additional countries in 2025, covering a total of 14 countries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-supporting-global-standards\">Supporting Global Standards<\/h3>\n\n\n\n<p><strong>Jingdong Hua, Vice-Chair of the International Sustainability Standards Board (ISSB), highlighted the significance of these hubs<\/strong>: <em>\u201cThe introduction of the ISSB Standards globally can help deliver decision-useful, consistent, and comparable information to investors globally, advancing the understanding of the sustainability-related risks and opportunities companies face. To secure this, guidance, education, and training is needed. We applaud UNDP for their leadership in establishing sustainability disclosure hubs. We look forward to partnering closely to support this vital work.\u201d<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-increasing-demand-for-transparency\">Increasing Demand for Transparency<\/h3>\n\n\n\n<p><strong>Peter Paul van de Wijs, Chief External Affairs Officer of the Global Reporting Initiative (GRI), emphasized the growing need for transparency:<\/strong> <em>\u201cThe increased demand for comparable, quality data related to the impacts of companies\u2019 operations and products, as well as the financial implications of those impacts on the business, adds pressure up and down global value chains. We are proud to be part of this initiative from UNDP, which supports companies and governments to understand how our various disclosure mechanisms and frameworks complement each other to increase transparency, support sustainable development, and help companies remain competitive.\u201d<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-collaborative-impact\">Collaborative Impact<\/h3>\n\n\n\n<p><strong>Sergio Mujica, Secretary General of the International Organization for Standardization (ISO), praised the collaboration<\/strong>: <em>\u201cWe are extremely pleased to have recently formalized our collaboration with UNDP. The SDMH initiative is another opportunity to have the meaningful impact together that we would not be able to achieve alone. We look forward to bringing the value of ISO to the partnership and working with all involved. Our standards are more powerful together. By demonstrating the connection and interoperability between them, we will be building capacity in countries with developing and emerging economies to more effectively and efficiently manage sustainability disclosures.\u201d<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-fostering-inclusivity-and-transparency\">Fostering Inclusivity and Transparency<\/h3>\n\n\n\n<p><strong>Nick Hurd, Chair of GSG Impact and the Impact Taskforce, reiterated the importance of stakeholder inclusivity<\/strong>: <em>\u201cAs long-standing partners of UNDP, and members of the IFRS Foundation\u2019s ISSB Sustainability Consultative Committee and Partnership Framework for Capacity Building, we are delighted to support the establishment of SDMHs, through close collaboration at the global level and also through our GSG National Partners in emerging economies included in the 2024-2025 leg of the UNDP initiative. We expect this to build on and be closely coordinated with our ongoing efforts to ensure adequate levels of inclusivity from key stakeholders in emerging and development economies in global sustainability disclosure standard setting efforts \u2013 as part of our mission to advance wider impact transparency, which has seen us work hand in hand with UNDP FC4S and UNDP\u2019s country offices from 2023.\u201d<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-harnessing-global-expertise\">Harnessing Global Expertise<\/h3>\n\n\n\n<p>The SDMHs will leverage global expertise by engaging with partners to enhance outreach, communication, and resource-sharing, ensuring the success of this initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UNDP and Global Partners Establish Sustainability Disclosure and Management Hubs Across Developing Economies Key Points: A Global Alliance for Sustainability The United Nations Development Programme (UNDP), in collaboration with the Global Reporting Initiative (GRI), GSG Impact, the IFRS Foundation, and the International Organization for Standardization (ISO), has formed a unique alliance to establish Sustainability Disclosure [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[64,33,35],"tags":[434,61,66,432,60,67],"class_list":["post-3433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-corporate-sustainability","category-industries","tag-developing-economies","tag-sdg-news","tag-sdgs","tag-sustainability-disclosure-and-management-hubs","tag-sustainable-development-goals","tag-un-sdgs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v27.4) - 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