IFAC Sustainability Framework
SAICA is working with other organisations at international level to develop guidance for members on how to apply sustainability in business strategy and operations. One of the organisations is the International Federation of Accountants (IFAC), which launched a Sustainability Framework earlier this year.
Sustainability Decision Making Model
SAICA is part of the Accounting for Sustainability Project, which was established by His Royal Highness, the Prince of Wales. The Project produces guidance and tools for embedding sustainability into organisations. One of these tools is a sustainability decision-making model, which is the second tool on our list. This is a step-by-step guide on how to embed sustainability into an organisation and offers practical examples.
Connected Reporting Framework
The third tool in our list also comes from the Project – called the Connected Reporting Framework it seeks to provide a better picture of the connected nature of an organisation’s actions. We urge members to use these tools and give us feedback on their practicality. Comments will be fed back to the Accounting for Sustainability Project.