Sustainability accounting is about capturing meaningful non-financial information for both internal decision-making and external reporting. Reliable and comparable data is the basis for accountability and it is fundamental to align the sustainability accounting with established frameworks and standards. It is important to follow reporting principles and conceptual foundations to build trust and comparability over time and within the industry.
Sustainability reporting is moving from a fragmented landscape of voluntary frameworks and standards (GRI, SASB, TCFD, CDP, IR, etc.) to mandatory reporting enforceable by law in the respective jurisdictions. To understand the current evolution and the role of the voluntary reporting frameworks in the emerging mandatory reporting landscape, we start with an overview of the most commonly used frameworks. For reference:
4,850+
companies support TCFD in 2023, a +24% rise compared to 2022
(fsb)
4,000+
sustainability professionals around the world enrolled in courses in 2021 through the GRI Academy
(GRI)
- The Sustainability Disclosure Standards study guide
- Read here to better understand the difference between Framework and Standard
Industry-specific standards:
SASB standards (Sustainability Accounting Standards Board)
Climate change related frameworks:
- Task force on Climate-related Financial Disclosures (TCFD) and its disclosure platform through CDP questionnaire (Climate Change - CDP)
- CDSB framework (Climate Disclosure Standards Board)
Ecoact:
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By addressing Scope 3 emissions, we assist customers in engaging with their vendors and conducting assessments to accurately calculate and offset their emissions.
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As a certified provider by CDP and TCFD, we are authorised to issue sustainability ratings for companies and products, highlighting their level of sustainability performance. Asuzero enables enterprises to take decisive action, drive momentum, and work towards a sustainable, low-carbon future.
SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:
Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders.
Our sustainability consulting services are designed in a continuous improvement process:
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ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:
We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).
Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.
At Tulyā, we are accredited sustainability consultants holding certifications in GRI, SASB and TCFD (now IFRS-ISSB), and ISO 14064 GHG Lead Verifiers, alongside being Singapore Certified Management Consultants. We are dedicated to driving sustainable business development across industries through Sustainable Management Accounting.
We help MNCs with:
We help SMEs with:
Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organizations measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.