Which organization issues voluntary disclosure guidance and is typically non-governmental and non-profit?

Which organization issues voluntary disclosure guidance and is typically non-governmental and non-profit?

• A. SEC
• B. CDSB, GRI, IIRC, SASB, TCFD
• C. Bloomberg
• D. Refinitiv

Answer: (B)

Voluntary disclosure guidance comes from organizations that create frameworks and reporting principles for sustainability information that companies can choose to follow, rather than being compelled by law. These groups are typically non-governmental and non-profit, focusing on guidance and standards rather than regulation. The set of organizations CDSB, GRI, IIRC, SASB, and TCFD fit this description, each offering frameworks that help firms report environmental, social, governance, and strategy-related information. In contrast, the SEC is a government agency enforcing securities laws and mandating disclosures, so its guidance isn’t voluntary. Bloomberg and Refinitiv are private data providers, not standard-setters issuing voluntary disclosure guidance.

Voluntary disclosure guidance comes from organizations that create frameworks and reporting principles for sustainability information that companies can choose to follow, rather than being compelled by law. These groups are typically non-governmental and non-profit, focusing on guidance and standards rather than regulation. The set of organizations CDSB, GRI, IIRC, SASB, and TCFD fit this description, each offering frameworks that help firms report environmental, social, governance, and strategy-related information. In contrast, the SEC is a government agency enforcing securities laws and mandating disclosures, so its guidance isn’t voluntary. Bloomberg and Refinitiv are private data providers, not standard-setters issuing voluntary disclosure guidance.