London - The Prince's Accounting for Sustainability Project has teamed with the Global Reporting Initiative to form the International Integrated Reporting Committee, with the goal of creating a globally accepted framework for sustainability accounting to bring together financial, environmental, social and governance information in a clear, concise, consistent and comparable format. The committee will try to develop more comprehensive and comprehensible information about an organization's total performance, on a prospective and a retrospective basis.
The committee is backed by a large number of groups, including the International Federation of Accountants, the International Accounting Standards Board and the U.S. Financial Accounting Standards Board, as well as the major international accounting firms.
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