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ISSUE 7
reporting. The Global Reporting Initiative (GRI) is one of the most widely used frameworks, offering standards for companies to report on their sustainability performance. Other notable frameworks include the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB). In the U.S., there are currently no federal laws mandating sustainability reporting. However, the Securities and Exchange Commission (SEC) has proposed rules requiring companies to disclose climate-related risks and emissions. These proposals are yet to be finalized. In countries like Japan and Singapore, there are guidelines and recommendations for sustainability reporting, though they are often voluntary. In China, certain companies, especially those listed on stock exchanges, are required to disclose information on social responsibility. For European companies, legislation around ESG is becoming the icebreaker, setting the foundation for change and accountability. The EU has increasingly regulated sustainability reporting. The former Non-Financial Reporting Directive (NFRD) required large companies with more than 500 employees to disclose information on environmental, social, and governance matters. This has now been replaced by the Corporate Sustainability Reporting Directive (CSRD), which expands these requirements to include more companies and imposes stricter reporting obligations.
“ Think of it as delivering insights that feel like opening the perfect present—timely, impactful, and full of surprises. ”
Social aspects are where payroll truly shines. Few functions in an organisation have such a deep insight into the wellbeing of employees. From onboarding to offboarding, payroll provides steady support to enhance efficiency, earn trust, and contribute to the company’s overall wellbeing. Often, we operate in the background. Yet, we solve issues—under the snow—that could otherwise create challenges for both employees and employers. Now is the time to step into the spotlight. With payroll insights, we can act like Santa’s little helpers, crafting smart strategies for managing business trips, purchases, and other activities that impact sustainability.
Global Trends in Sustainability Reporting
Sustainability requirements vary worldwide. Beyond national and regional regulations, global frameworks provide guidance for sustainability
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