IRI Reporting Standard wins award

28th September 2017

The Islamic Reporting Initiative (IRI Reporting Standard), founded by IEMA Strategic Advisory Council member Daan Elffers, has received an award at the annual Global Islamic Finance Awards held this year in Astana, Kazakhstan. The IRI was credited “for its remarkable efforts to progress the effective implementation of sustainability and CSR in member states of the Organisation of Islamic Co-operation (OIC) - including through Western organisations with operations in these countries”.

With 57 member states, the OIC is the world’s second-largest inter-governmental organisation after the UN.

The event was attended by the president and prime minister of Kazakhstan, Central Bank governors, government ministers, business executives and diplomats from all around the world. As the Foundation for the IRI is based in the Netherlands, the award was received on its behalf by Dutch ambassador Dirk Jan Kop.

The IRI is an independent not-for-profit organisation leading the creation of the world’s first reporting standard for sustainability and CSR, across all business sectors, based on Islamic values and principles.

Commended by the OIC and the UN Global Compact (of which the IRI is a signatory), and with members in more than 50 countries, the IRI held an inaugural roundtable discussion at COP 22, hosted by Morocco’s minister of environment, herself a member of the IRI Advisory Council.

By making sustainability and CSR culturally relevant, the IRI aspires to effectively accelerate the uptake of sustainability and CSR and systemically advance the implementation of the UN’s Sustainable Development Goals through nearly a quarter of the world’s population with custodianship for vast reserves of natural resources.

The IRI welcomes all IEMA members and affiliates to become involved in the development of the IRI standard, which is expected to be launched in late 2018.

For more information please email: [email protected]


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