Speakers at a programme have said financial institutions and corporate houses should get prepared to comply with sustainability reporting standards for better performance in economic, environmental, social and governance indicators.
The suggestion came at a discussion on 'Sustainability Reporting and Global Reporting Initiatives (GRI)' arranged by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) in Dhaka on Thursday.
Chaired by ICMAB president M Abul Kalam Mazumdar, the programme was addressed by GRI senior coordinator (South Asia) Dr Rubina Sen and GRI sustainability consultant Pallavi Atre, the ICMAB said in a statement.
Delivering the welcome address, the ICMAB president laid stress on following the sustainability reporting standards for achieving the Sustainability Development Goals by 2030 and building Bangladesh as a developed country by 2041.
He also called for raising awareness among the certified management accountants in the country about the sustainability reporting for early adoption.
The GRI representatives presented the details about the sustainability reporting and discussed the importance of sustainability reporting during two interactive sessions.
According to the GRI, a sustainability report is a report published by a company or organisation about the economic, environmental and social impacts caused by its everyday activities.
It also presents the organisation's values and governance model, and demonstrates the link between its strategy and its commitment to a sustainable global economy.
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