The IFRS Foundation, also known as the International Financial Reporting Standards Foundation, is a pivotal entity in the global accounting landscape, headquartered in London, GB. Established in 2001, the Foundation plays a crucial role in developing and promoting International Financial Reporting Standards (IFRS), which enhance transparency and comparability in financial reporting across diverse industries. With a focus on standard-setting, the IFRS Foundation serves a wide range of stakeholders, including investors, regulators, and businesses, ensuring that financial statements are consistent and reliable. Its flagship product, the IFRS Standards, is recognised worldwide for its rigorous framework and adaptability to various economic environments. The Foundation has achieved significant milestones, including the adoption of IFRS by numerous countries, solidifying its position as a leader in the accounting standards arena.
How does IFRS Foundation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
IFRS Foundation's score of 24 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The IFRS Foundation, headquartered in Great Britain, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Consequently, there are no recorded Scope 1, 2, or 3 emissions or any significant reduction targets or achievements to highlight. In terms of climate commitments, the IFRS Foundation has not outlined any specific climate pledges or reduction initiatives. This lack of data suggests that the organisation may still be in the early stages of developing a comprehensive climate strategy or reporting framework. As there are no emissions data or reduction targets available, it is essential for the IFRS Foundation to consider establishing measurable climate commitments in line with industry standards to enhance transparency and accountability in their environmental impact.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
IFRS Foundation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.