The goal of this ‘Green Paper' is to contribute, in a neutral way, to a conversation that has been going on for some time amongst a variety of actors, concerning whether mandatory reporting standards are a prerequisite for effective ‘sustainability' or ‘nonfinancial' corporate reporting....

This paper makes two contributions. First, it demonstrates that income and expenses are incorrectly defined in the Framework, and it proposes alternative definitions. Second, the paper identifies that, in part as a consequence of these incorrect definitions, and in part because there are two,...