Accounting for Sustainability (A4S), a personal initiative of Charles, Prince of Wales, has published a new guide for finance professionals who want to quickly understand all the latest developments in sustainability reporting. Only among the most fundamental, determining the vector of future development of the global sustainability reporting system, we can immediately mention the creation of a new ISSB developer within the IFRS Foundation and the European initiative to create a single system of non-financial reporting standards by EFRAG, but that's not all.

It is not easy for professional accountants to understand all the developments, but it is necessary, because global trends determine their current role. While historically, business efficiency has always been measured in financial terms and reflected in financial reporting (comprehensive or not, but that was enough), the last few decades have been characterized by the evolutionary and rapid development of an expanded reporting system. To gain a comprehensive view of the business, key stakeholders need other datasets that demonstrate the business's ability to survive in the long run.

Particular attention is paid to natural and human capital - those of its species, which are now almost decisive. The environmental, social and governance aspects of operations (ESG) underlie decision-making by both organizations that care about their long-term sustainability and their potential investors. Increased interest in disclosures is leading to more and more countries moving to mandatory disclosure of sustainability factors.