The Sustainability Accounting Standards Board and the International Integrated Reporting Council have signed a memorandum of understanding pledging to collaborate more closely to advance corporate disclosures of sustainability efforts to investors.

The agreement, signed by SASB executive director Dr. Jean Rogers and IIRC CEO Paul Druckman, outlines the basis for ongoing cooperation, collaboration and alignment between the two organizations, which have been working together already on developing the Integrated Reporting Framework that the IIRC finalized last month (see IIRC Releases Integrated Reporting Framework). The agreement is dated Dec. 17, 2013, but was jointly announced by the two organizations on Thursday.

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