ICAI receives UN Award for its contribution to sustainability reporting

The Institute of Chartered Accountants of India (ICAI) received a prestigious UN award for its top-ranked sustainability initiatives, including the Sustainability Reporting Standards Board. The United Nations Conference on Trade and Development (UNCTAD) honored ICAI during the 8th World Investment Forum for its contributions to sustainability reporting. ICAI’s efforts aim to promote sustainable practices in India and align with international standards.

Award-Winning Sustainability Reporting

• ICAI’s sustainability initiatives received the highest score among 70 initiatives worldwide.

• They were recognized for their work through the Sustainability Reporting Standards Board (SRSB).

• The United Nations Conference on Trade and Development (UNCTAD) presented ICAI with the ISAR Honours 2023 for their outstanding contributions.

Global Recognition at the World Investment Forum

• UNCTAD announced the winners during the 8th World Investment Forum in Abu Dhabi on October 17 2023.

Inspiring Words from ICAI President

• Aniket Sunil Talati, President of ICAI, expressed gratitude for the recognition.

• He emphasized that such awards encourage them to continue promoting sustainable practices in India.

Why Sustainability Matters

• It’s crucial to embrace sustainability in business to address today’s environmental and social challenges.

• ICAI has been a leader in this effort, establishing the Sustainability Reporting Standards Board in 2020.
• Their goal is to create standards that align with India’s unique economic landscape while meeting international benchmarks.

• This helps improve the quality of sustainability reporting in India.

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