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<p><a href="https://www.businessinsider.com/financing-a-sustainable-future-2022"></a></p><div type="image" title="A hedge maze within a city center" height="4000" width="5333" msid="93035079" hostid="261"></div><ul class="summary-list"><li>Navigating numerous organizations and frameworks related to sustainable reporting can be confusing.</li><li>It's most important to focus on what's critical for your company's stakeholders, then connect with the right resources to help.</li></ul><p>When it comes to <keyword id="11896309" type="UNKNOWN" weightage="100" keywordseo="sustainability" source="Orion">sustainability</keyword> disclosure, organizations, and metrics, there are a lot of acronyms — from <keyword id="14519825" type="UNKNOWN" weightage="60" keywordseo="sasb" source="Orion">SASB</keyword> to <keyword id="14519826" type="UNKNOWN" weightage="60" keywordseo="gri" source="Orion">GRI</keyword> to <keyword id="14519824" type="UNKNOWN" weightage="60" keywordseo="tfcd" source="Orion">TFCD</keyword>. Between them, they may provide frameworks and guidelines, help set goals, and assess how businesses may be affected by things like climate change. </p><p>For companies getting started down their own path towards sustainable accountability, it can be daunting. And now that the <keyword id="11898795" type="UNKNOWN" weightage="60" keywordseo="sec" source="Orion">SEC</keyword> has proposed a rule change that requires companies to disclose climate-related risks to their business, it's imperative that leaders learn to navigate the universe of tools out there — especially because they are likely based on structures already being used by companies. </p><p>"The proposed disclosures are similar to those that many companies already provide based on broadly accepted disclosure frameworks," according to the <a href="https://www.sec.gov/news/press-release/2022-46" target="_blank" rel="noopener nofollow sponsored">SEC statement announcing the proposed rules</a>. "Such as the Task Force on Climate-Related Financial Disclosures [TFCD] and the Greenhouse Gas Protocol [GHG]."</p><p>The anticipation of new rules is motivating corporate leaders. "Today, we're on the precipice of regulated ESG in the US, and the EU is moving forward on ramping up its ESG disclosure regulations," said Christine Robinson, a partner in sustainability and ESG services at <keyword id="11939352" type="UNKNOWN" weightage="60" keywordseo="deloitte" source="Orion">Deloitte</keyword>. "There is a sense of urgency to understand the acronyms, how they fit together, and what [they] mean in the context of what could be regulated disclosures."</p><p>While numerous organizations exist, it's possible to narrow down the important ones by focusing on the stakeholders that are most critical to the company. </p><h2>First, figure out what's important</h2><p>Robinson says that before diving into frameworks and guidelines, companies should focus on a materiality assessment that will inform what's necessary to track and report. Therefore, what frameworks and organizations support your needs. </p><p>"In the context of ESG, that's an assessment of peer and industry benchmarking ... what are the topics the industry is focusing on," she said. For example, companies within the healthcare vertical may have different priorities than companies in retail or real estate sectors. Figuring out what sustainability issues a company's competitor is reporting is a solid way to narrow focus. </p><p>A materiality assessment also looks at what stakeholders are most critical, whether it's investors, employees, customers, or NGOs. "Engaging with them in a way you can understand the topics they are expecting to hear from you about," Robinson said. "Marry that with what is happening inside the business and with what leadership is seeing and hearing every day."</p><p>The point is, take the time to figure out what's important to the business and to the people who matter most. "It helps a company think through their priority stakeholders and what their expectations are," Robinson said. "That's going to be a key driver of the standards that are accepted for use in disclosure."</p><p>And that information will help direct the company to the most important framework or organization.</p><h2>The rapidly changing nature of global organizations </h2><p>When speaking to sustainability experts, SASB is an acronym that frequently comes up. It stands for <a href="https://www.sasb.org/about/" target="_blank" rel="noopener nofollow sponsored">Sustainability Accounting Standards Board</a> (SASB) and is "geared to the investor community," Robinson said. "They are grounded in the SEC definition of what is material for a reasonable investor."</p><p>The board produces the SASB Standards, a set of global guidelines to share with investors the environmental, social, and governance (ESG) issues that impact companies' financial performance. SASB standards are directed toward investors. They are available for 77 different industries, as the issues that impact financial performance often differ depending on the industry.</p><p>But the world of disclosure organizations has been dynamic over the past year. In fact, as of June 2021, SASB had merged with the International Integrated Reporting Council (IIRC) to form the <a href="https://www.valuereportingfoundation.org/" target="_blank" rel="noopener nofollow sponsored">Value Reporting Foundation</a>. And that, in turn, merged into the <a href="https://www.ifrs.org/groups/international-sustainability-standards-board/" target="_blank" rel="noopener nofollow sponsored">International Sustainability Standards Board.</a></p><p>"This is all happening very quickly," Robinson said. "What the ISSB is doing is trying to deliver a comprehensive baseline of global sustainability standards, specifically for investors and capital market participants about a company's ESG risks, performance, and opportunities." </p><h2>The right framework for the right stakeholders </h2><p>As those global standards move more companies towards things like integrated ESG and financial reporting, organizations that are just getting started will benefit most by zeroing in on the most important audiences for their information.</p><p>If employees or customers are the key stakeholders, companies will look to GRI standards. "Employee sentiment may bring up ideals like purpose, and tying the work you do to your own values, that's the sentiment employees bring," Robinson said. "That's not in the SASB standards. That's a place where I would advise companies to look at GRI." </p><p>The <a href="https://www.globalreporting.org/about-gri/#:~:text=GRI%20(Global%20Reporting%20Initiative)%20is,language%20to%20communicate%20those%20impacts." target="_blank" rel="noopener nofollow sponsored">Global Reporting Initiative</a> (GRI) is an international organization that helps companies worldwide hold themselves accountable for sustainability practices beyond just climate. The <a href="https://www.globalreporting.org/standards/" target="_blank" rel="noopener nofollow sponsored">GRI Standards</a> allow organizations to better understand and report credibly on their impacts on the environment, economy, and people. The standards are designed to encompass a wide variety of stakeholders, including investors, employees, and more. </p><p>If the key stakeholders are the investment or financial community, TFCD is the acronym of choice. The <a href="https://www.fsb-tcfd.org/about/" target="_blank" rel="noopener nofollow sponsored">Task Force on Climate-Related Financial Disclosures</a> (TCFD) was spearheaded by the Financial Stability Board Chairman Mark Carney and chaired by Mike Bloomberg, the former mayor of New York City and media entrepreneur.</p><p>It gives companies a framework on what they to disclose to investors and other financial stakeholders to accurately assess climate change-related risks and opportunities. The goal is to drive capital towards more sustainable investments. </p><p>"You go through the TFCD framework and do things like establish governance at the board and management level, identify risks and opportunities, run through risk mitigation plans and decarbonization strategy, and report metrics," Robinson said. "To help you measure your performance on climate and how you, as a company, are tracking against and anticipating a transition to a low-carbon economy."</p><p>"It really does all go back to the stakeholder," Robinson said. She said that while the SEC might require investor-facing reports, that doesn't mean companies should stop doing voluntary disclosures on other topics around sustainability that are not financially material. "Companies have to learn how to operate in a world of regulated ESG disclosure. But that doesn't negate or do away with voluntary disclosure to all others but investors." </p>

Acronyms and jargon make sustainability reporting confusing. Focusing on the important stakeholders within your business can clear up the process.

<p></p><div class="KonaFilter image-container display-table float_right"><div><div class="image"></div><p></p></div></div>Real-estate mogul Donald Trump's Thursday speech before the Republican Jewish Coalition <a href="http://jewishinsider.com/5421/trump-jewish-donors-want-control-over-electeds/">was criticized by some</a> for allegedly engaging in offensive stereotypes.<p>The Times of Israel, an online newspaper, was particularly brutal in its assessment, which was titled:&#xa0;<a href="http://www.timesofisrael.com/trump-courts-jewish-republicans-with-offensive-stereotypes/">"Trump courts Republican Jews with offensive stereotypes."</a></p><p>"Trump on Thursday invoked a series of stereotypes about Jews that are often deemed offensive and even anti-Semitic," the paper reported.</p><p>Trump's controversial lines involved praising the wealth and savvy of his audience, which included a number of Republican donors, <a href="http://jewishinsider.com/5421/trump-jewish-donors-want-control-over-electeds/">according to Jewish Insider</a>. The Republican Jewish Coalition is <a href="http://www.nytimes.com/politics/first-draft/2015/12/03/republicans-will-speak-to-jewish-coalition-with-terrorism-as-a-focus/">reportedly heavily funded</a> by billionaire GOP mega-donor Sheldon Adelson.</p><p>"Is there anybody that doesn't renegotiate deals in this room? This room negotiates deals ... perhaps&#xa0;more than any room I've ever spoken to. Maybe more," Trump said to laughter and applause.</p><p>The billionaire businessman&#xa0;also repeatedly said that the donors in the room would not support him because he didn't want their campaign contributions.</p><p>"I don't want your money. Therefore, you're probably not going&#xa0;to support me. Because stupidly, you want to give money,"&#xa0;he said.</p><p>"I know why you're not going to support me. You're not going to support me because I don't want your money. Isn't it crazy?" Trump added in yet another&#xa0;part of his speech, prompting laughter. "If I wanted your money, I think I'd have a damn good chance."</p><p>Others also criticized Trump for his speech.</p><p>BuzzFeed News similarly <a href="http://www.buzzfeed.com/rosiegray/donald-trump-kept-repeating-jewish-stereotypes-in-speech-to?utm_term=.jwjZlLwal#.myYnW2adW">took Trump to task</a> for invoking "Jewish stereotypes."&#xa0;<span>The Forward, a Jewish-oriented news site, <a href="http://forward.com/news/national/326020/5-cringeworthy-things-donald-trump-has-said-about-the-jews/" target="_blank">called Trump's comments "cringeworthy."</a></span></p><p>And Ari Fleischer, who served as&#xa0;President George W. Bush's press secretary and is a member of the coalition's board of directors, attacked Trump's comments about donors. President Bush is the brother of former Florida Gov. Jeb Bush, one of Trump's rivals in the presidential race.</p><p>"To suggest that donors want to control their politicians is offensive," Fleischer <a href="http://jewishinsider.com/5421/trump-jewish-donors-want-control-over-electeds/">told Jewish Insider</a>.</p><p>Other parts of Trump's address were much more well-received, including his attacks against the Iran nuclear deal, his criticism of US Secretary of State John Kerry, and his praise for Israeli Prime Minister Benjamin Netanyahu.</p><p>On Thursday evening, CNN reported that the&#xa0;Anti-Defamation League defended Trump amid the controversy:</p><p><div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/biggest-misconceptions-about-us-2015-12">Here are the biggest misconceptions Americans have about the US</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="M5cnk5eTpey6tB8Xh2DbA97ZDVsYALWC" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Israeli newspaper torches Donald Trump for courting 'Republican Jews with offensive stereotypes'

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Acronyms and jargon make sustainability reporting confusing. Focusing on the important stakeholders within your business can clear up the process.

Julia Hood,Elisa Xu

Israeli newspaper torches Donald Trump for courting 'Republican Jews with offensive stereotypes'

Colin Campbell

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