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 4 is higher than 56% 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 have publicly available carbon emissions data or specific reduction targets. Without emissions data, it is challenging to assess their carbon footprint or the scope of their emissions (Scope 1, 2, or 3). However, the Foundation is committed to addressing climate-related financial disclosures, which aligns with global efforts to enhance transparency and accountability in climate impact reporting. As the landscape of climate commitments evolves, the IFRS Foundation's role in standardising climate-related financial information is crucial for guiding organisations towards sustainable practices. Further details on their specific initiatives or targets may be forthcoming as they continue to develop their climate strategy.
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 committed to any reduction initiatives 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.