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AICPA and CIMA, which together form the Association of International Certified Professional Accountants, have announced they have become members of the IFRS Foundation’s Partnership Framework.
In addition, they have become a contributor to the standard-setting organisation’s Knowledge Hub.
The two initiatives are designed to raise global awareness about the IFRS Sustainability Disclosure Standards and support implementation of them.
The Partnership Framework was formed at COP 27 in 2022 and is designed to smooth implementation of global sustainability disclosure requirements. More than 35 private and public organisations are part of its network. The Knowledge Hub, launched at COP 28 in late 2023, serves as an online repository for thought leadership, surveys and reports about sustainability disclosure standards.
Mardi McBrien, the IFRS Foundation’s chief of strategic affairs and capacity building, said: “The IFRS Foundation is working in partnership with organisations globally to build market readiness and support companies and other stakeholders with the implementation of IFRS Sustainability Disclosure Standards. We welcome AICPA & CIMA partnering with us to build capacity amongst their members.”
Jeremy Osborn, AICPA and CIMA’s global head of sustainability, added: “We’re pleased to work with the IFRS Foundation in highlighting the need for consistent, comparable and high-quality sustainability information for capital markets.”
