Corporate environmental disclosures have become critical tools for accountability, guiding businesses in tracking their environmental performance and impacts, while providing investors, regulators, consumers, and stakeholders with vital insights.

Navigating the intricate web of reporting frameworks and standards ranging from the widely adopted Global Reporting Initiative (GRI) and Task Force on Climate-related Financial Disclosures (TCFD) to emerging tools like the Task Force on Nature-related Financial Disclosures (TNFD), as well as mandatory accounting requirements like the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards, presents significant challenges, especially for organisations in Sri Lanka.

This knowledge primer explores the evolution of non-nancial corporate disclosures, the economic drivers behind their adoption, their expected outcomes, and examines the transition from voluntary to mandatory reporting. The paper also delves into the global environmental reporting practices, disclosure scenarios in comparable countries, and explores trends and frameworks for reporting in Sri Lanka.

The goal of this knowledge primer is to shed light on the various aspects of corporate environmental disclosures, and provide a comprehensive guide to help navigate the complex sustainability reporting landscape. Future research and policy briefs aim to provide insights to help Sri Lankan companies and policymakers adopt effective disclosure practices and align with global expectations.

Download the Knowledge Primer here.