Organisations should invest in human capital for sustainability reporting

IFRS 19 is the latest IFRS accounting standard issued in May 2024. 

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As the corporate reporting landscape evolves and organisations grapple with the reporting requirements of sustainability frameworks, it is pertinent that they proactively plan for the needed investments to develop their human capital in this regard.

Stakeholder demands for non-financial reporting continue to increase, making the ability of organisations to tell a coherent and connected story important because stakeholders need to make sense of how these non-financial matters connect and impact financial reporting.

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Note: The results are not exact but very close to the actual.