New Delhi, Sept. 22 -- Amid rising global focus on credible sustainability reporting, the Institute of Chartered Accountants of India (ICAI) has issued a new sustainability assurance standard, aligning the domestic framework with the international benchmark. The new standard is proposed to be made effective from April 2027.

ICAI president Prasanna Kumar D said the standard has been "crafted to inspire enduring confidence among investors and stakeholders."

Mint explains what the new standard means for auditors, companies and sustainable reporting.

The Standard on Sustainability Assurance (SSA) 5000-General Requirements & Framework for Sustainability Assurance Engagements lays down the rules and framework for auditors to adopt while asse...