Substantial revisions have been made to the international Ethics Standards for Sustainability Assurance (including International Independence Standards) and Other Related Revisions to the Code Relating to Sustainability Assurance and Reporting. Australia and New Zealand will follow suit.
A new part 5 has been added – more than 200 pages.
Many of the requirements align with the code’s other ethical requirements but are now viewed through a sustainability lens. As a by-product, this session will also recap on some of the common requirements.
The amendments address critical risks to the integrity, quality, and effectiveness of sustainability reporting and assurance, including bias, conflicts of interest, pressure to act unethically, fraud (including greenwashing), non-compliance with laws and regulations, and threats to the independence of assurance practitioners.
In addition, there are also amendments to the other four parts of the code. We will start the journey with a review of the five ‘general’ sustainability sections, some from related sections and broader amendments.
