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AA1000 Assurance Standard
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Introducing AccountAbility and AA1000AS
Today, as we face various challenges such as climate change, resource depletion, and deepening volatility, the organization is transitioning from a short-term perspective to a future-oriented perspective, the importance of corporate sustainability issues including governance, environmental, and social is becoming increasingly recognized.
Among these, issues regarding the assurance agencies and reliability of sustainability reports that perform assurance work, including compliance with ethical principles, independence and competency, are also emerging.
In an effort to solve this problem, the AccountAbility standards body established the AA1000AS standard, which is flexible and ensures applicability, and provides guidelines for performing sustainability assurance based on the principles presented in AA1000AP.
In other words, it is a standard that presents the methodology and major guidelines for assurance activities performed by assurance agencies to increase assurance reliability of the organization's achievements, processes, and systems in compliance with the sustainability goals and principles expressed by each organization.
Introducing AA1000AP
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The purpose of AA1000AP is to provide internationally recognized, practical guiding principles to help organizations assess, manage, improve and communicate the disclosure and sustainability performance of theirsystems. AA1000AP provides a practical guide to implementing verifiable principles with clear compliancecriteria and is applicable to all industries and markets.
The four principles and compliance items presented by AA1000AP are as follows.
▶ Inclusivity
Stakeholders should be able to provide input on decisions that affect them.
ㆍDevelopment of stakeholder participation strategies and processes
ㆍIdentification of stakeholders and their needs
ㆍStakeholder participation performance measurement, improvement and communication
▶ Materiality
Decision-makers must identify and clearly understand important sustainability topics.
ㆍDevelopment of importance assessment and decision process
ㆍCollection and analysis of information on sustainability topics
ㆍDetermine the importance of the topic, take action and communicate
▶ Responsiveness
Organizations must act transparently on important sustainability topics and related impacts.
ㆍSetting priorities for sustainability topics
ㆍDevelopment of strategies on sustainability topics
ㆍTake action and communication on the topics
▶ Impact
An organization must be able to monitor, measure, and explain how its activities affect the overall ecosystem.
ㆍDevelopment of methods and indicators for impact monitoring
ㆍImpact monitoring and measurement
ㆍImpact assessment and release
AA1000AP Importance
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AA1000AP is simple, comprehensive and flexible in application. Adoption of these principles enables organizations to establish a robust sustainability performance management structure based on an external framework.
This principle provides organizations with benefits related to:
ㆍEncourage active and meaningful participation of stakeholders
ㆍBroadly identify sustainability areas that affect both non-financial and long-term financial performance
ㆍBased on this understanding, we support the development of a clear organizational strategy and balanced sustainability performance goals
Additionally, the Principles provide a framework to support the establishment of a vision, values, strategy and goals related to sustainability performance. You will help organizations manage regulatory and non-financial risks and understand the broader impact of their activities across the ecosystem.
IGC’s Competency
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IGC auditors contribute to the continuous development of customers by accurately verifying compliance with the AccountAbility principles through the technical skills and expertise accumulated over many years.
IGC has up-to-date knowledge of a wide range of specific scopes and legal requirements in major markets around the world, and provides the knowledge and services to support your entire global operation.
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