New IFAC Study Expands Insights into Sustainability Disclosure and Assurance beyond the G20

Fresh research from the International Federation of Accountants (IFAC) expands its sustainability disclosure and assurance data to 20 additional jurisdictions beyond the G20 previously reported on. The new report, The State of Play: Beyond the G20, focuses on the Global South, with data from three jurisdictions from Latin America, six in Africa and Middle East, and four in the Asia-Pacific region, as well as six smaller economies within the European Economic Area and Switzerland. It is available on: 

This data demonstrates the need for ISSB global baseline disclosure requirements, as well as broader scope assurance.

While the data shows an upward trend in the incidence of assurance, the scope of assurance being obtained by companies is narrowing. In addition, fragmentation, in terms of which assurance standard is used, is evident. The International Auditing and Assurance Standards Board recently proposed that the– International Standard on Sustainability Assurance 5000 – address both these issues. It is available on: