To identify areas in which Sustainability Reporting Standards, Sustainability Assurance/Assessment Engagement Standards need to be developed.
To formulate and issue Sustainability Reporting Standards, Sustainability Assurance/Assessment Engagement Standards.
To review the emerging trends globally and evaluate the need for standard setting in India across Sustainability Reporting, Sustainability Assurance/Assessment Engagements.
To develop and enhance appropriate Sustainability reporting technology platforms and analytical tools/ techniques to support efficient reporting and compliance.
To provide, from time to time, interpretations, and guidance to support the implementation of Sustainability Reporting Standards, Sustainability Assurance/Assessment Standards including publishing education material, guidance notes, technical guides, etc.
To interact with Government and Regulators, Industry Associations, Forums nationally and internationally and to propagate the use of these standards both for general-purpose reporting and/or specifically for a regulatory requirement.
To deal with industry-specific issues and interact with national and international bodies on issues in the implementation of Sustainability Reporting Standards.
To identify and develop opportunities for chartered accountants in Sustainability Reporting and Assurance/ Assessment Standards.
To encourage the adoption of Sustainability Reporting Standards by Local Bodies and Panchayats.
To benchmark global best practices in Sustainability Reporting and Assurance/ Assessment.
To take adequate steps to enhance knowledge and build the capacity of members and other stakeholders for proper implementation of Sustainability Reporting, Assurance/ Assessment Standards by conducting workshops, webinars, seminars, programmes, quiz/competition, sustainability drives, courses in India and abroad, and train the trainer’s programmes etc.,
To organize talk shows, knowledge-sharing sessions, and expert discussions to enhance understanding of sustainability-related developments.
To formulate Sustainability Reporting Awards to recognize and reward excellence in businesses that are seeking ways to be more sustainable and inclusive in their activities.
To engage with and contribute to the international bodies think tank in framing/ development of Sustainability Reporting, Assurance/Assessment Standards.
To develop audit guidance, education material, etc. for Integrated Reporting.
To recommend appropriate measures within ICAI to increase awareness through celebrating environment and sustainability-related days, adopt sustainable practices, and integrate ESG principles into institutional operations.
To Identify and recommend carbon-neutral initiatives.
Undertake Research and Publications on Green Finance and Green / Carbon Credit and support / enable inter-regulatory collaboration in this regard as may be considered relevant and necessary.
To formulate and issue Social Impact Assessment Standards and Technical Guides/Implementation Guides, educational and training material, guidance notes, etc. on social impact assessment.
To organize awareness programs on the registration and listing procedures for entities on Social Stock Exchanges (SSEs), and to offer training programs for Chartered Accountants to become business advisors for SSE registration and listing.
