At the heart of this mechanism is the integration of financial and non-financial information as part of companies’ reporting cycles.
The project will improve quality and facilitate international comparability of sustainability reporting, as well as enable multiple authorities within Governments to articulate, collaborate and better assess the private sector contribution towards attaining the SDGs. Ultimately, the project will enhance the SDG monitoring mechanism.
Project timeframe:
Phase 1: The development of a sustainability reporting assessment tool supported by global consultations and inputs from international stakeholders in this field.
Phase 2: Roll-out at country level (beneficiary countries). Distance trainings will be delivered to relevant authorities in preparation of a set of country-based activities including a national assessment of the financial and sustainability reporting structure supported by multi-stakeholder dialogue, workshops and consultations.
Phase 3: Improving the reporting infrastructure in beneficiary countries by assisting national stakeholders in developing an action plan and implementing priority actions for high quality sustainability reporting. UNCTAD will also assist companies in pilot-testing on the SDG indicators arising from the endorsed national action plan, and also governments to report on the SDG agenda.
Phase 4: Regional collaboration and experience sharing of the lessons learned from the pilot countries through two regional workshops (one in Africa and one in Latin America).
Targeted Stakeholders
Government officials in charge of SDGs monitoring, national authorities on enterprise accounting and reporting, including financial reporting and non-financial reporting, environmental and labour authorities, national statistical offices, professional bodies in accounting, preparers and users of the reports among others.