United Nations Development Programme (UNDP), Global Reporting Initiative (GRI), GSG Impact, IFRS Foundation, and International Organization for Standardization (ISO) have forged an important partnership to support the adoption of international standards that improve company’s sustainability disclosures around the world.

Sustainability Disclosure and Management Hubs (SDMHs) are set to execute their projects in collaboration with UNDP Financial Centres for Sustainability (FC4S), across 14 developing and emerging economies in Latin America and the Caribbean, Africa, and Asia during 2024 and 2025. These projects will focus on capacity building, national development priorities, stock exchange guidance, and development of regulations.

Expanding upon the existing partnership between UNDP and the IFRS Foundation’s International Sustainability Standards Board, initially established through a Partnership Framework launched at COP27 in 2022, this strengthened collaboration will see UNDP take the lead in establishing Sustainability Disclosure and Management Hubs (SDMHs). 

These collaborative platforms will help facilitate the adoption of sustainability disclosure and management standards, including IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, the GRI Standards for impact reporting and management standards developed by ISO and UNDP.

“As long-standing partners of UNDP, and members of the IFRS Foundation’s 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 – as part of our mission to advance wider impact transparency, which has seen us work hand in hand with UNDP FC4S and UNDP´s country offices from 2023” said Nick Hurd, Chair of GSG Impact and the Impact Taskforce.

As the National Partner of GSG Impact, we continue to closely follow GSG Impact’s projects in this area. We support pioneering initiatives such as the Türkiye Sustainability Reporting Standards (TSRS) and continue our efforts to integrate international sustainability regulations into Turkish legislation. At EYDK, we aim to advance this important mission by collaborating with leading stakeholders in the field of Impact Transparency.