Episode 1 - Sustainability GAP
In our ever-evolving world, growing gaps emerge.
Many of them may be addressed by enhancing the focus on the Public Interest.
The PIOB proudly introduces the 'Mind the Gap' series, a groundbreaking initiative that aims to bridge the distance between the key players in the financial world and our society at large. We're nurturing a powerful dialogue that seeks to address pressing issues and ensures the public's interests are at the forefront.
In this first episode, we are honored to count with prominent voices such as - @Jonathan Bravo, @Elisa Cencig and @Meghan Clark - that share their viewpoints on the Sustainability Gap.
#MindTheGap #SustainabilityGAP #JoinTheConversation #Sustainability #PublicInterest #PIOB
Episode 2 - Opportunity GAP
Bridging the Opportunity Gap: Empowering Communities for a Brighter Tomorrow
The opportunity gap can manifest in various forms, from disparities in education to unequal access to resources. Addressing the opportunity gap means focusing on three pillars of empowerment: education, local food systems, and supporting local businesses. Together, let's bridge the opportunity gap and unlock the full potential of every community.
In this second episode, we are honoured to count with @ Manuel Goudie, from Arcano Partners and @Gonzalo Ocejo from The Preferred Travel Group who share their viewpoints on how the Opportunity Gap can be addressed.
#MindTheGap #OpportunityGAP #JoinTheConversation #PublicInterest #PIOB #TransformativeDialogue #SocietyMatters
Episode 3 - Scale GAP
The Scale Gap separates large corporations and audit practices from smaller ones, and developed economies from emerging ones. Addressing this gap means creating a more balanced global business environment where all economies and businesses can thrive and make a positive impact in society.
In this third episode, we explore ways to address the Scale Gap with Begoña Navallas, Professor at Universidad Autónoma de Madrid, and Director of the Masters in Auditing, and Jonathan Bravo, Director of regulatory Affairs- IFRS Foundation. Sustainability, transparency and accountability are key elements highlighted to do so.
#MindTheGap #ScaleGAP #JoinTheConversation #PublicInterest #PIOB
Episode 4 - Sustainability GAP Part 2
The "Sustainability gap" refers to the mismatch between current practices and the sustainable use of resources. Addressing the Sustainability gap requires acknowledging and understanding the impacts of human activities on the environment and society, as well as implementing policies that help take better care of our planet and its people for generations to come.
In this episode we explore what actions and policies are needed to ensure long-term ecological and social well-being with former PIOB member and International Professional Director, Jane Diplock, Jonathan Bravo, Director of Regulatory Affairs- IFRS Foundation and Meghan Clark, Senior Equity Analyst Norges Bank Investment Management who share key insights.
#MindTheGap #SustainabilityGAP #JoinTheConversation #PublicInterest #PIOB
Episode 5 - Expectation GAP
The “Expectation Gap” in auditing refers to the difference between what the public perceives the role of auditors to be and what auditors actually do. This gap arises due to misunderstandings or unrealistic expectations about the responsibilities, limitations, and objectives of the auditor.
In this new episode of the Mind the Gap series our participants: Jonatan Bravo, Director of regulatory Affairs- IFRS Foundation, Begoña Navallas, Professor at Universidad Autónoma de Madrid, and Director of the Masters in Auditing and Megan Clark Senior Equity Analyst Norges Bank Investment Management now explore the expectation gap and refer to better education and communication with stakeholders as ways to help bridge the gap by providing better understanding of the auditing process and its impact.
Through this Episode 5, we would like to raise awareness about this expectation gap in respect of the role of auditors and accountants and how we work to address it at the PIOB to serve the public interest together with all the actors in the financial ecosystem.
#MindTheGap #ExpectationGAP #JoinTheConversation #PublicInterest #PIOB
Episode 6 - Cultural GAP
The "Cultural Gap" refers to the differences in norms, values, practices, and expectations between individuals, companies, or groups from various cultural backgrounds. In a globalized setting where diverse players interact, this gap can manifest through differences in language, communication styles, beliefs, traditions, social norms, and behaviors.
Addressing the cultural gap in the auditing profession, particularly concerning sustainability, is essential for delivering accurate, fair, and comprehensive audits. Auditors need to be culturally aware, adaptable, and well-versed in both international and local sustainability standards and practices.
In this episode, Begoña Navallas, Professor at Universidad Autónoma de Madrid, Elisa Cencig, Head of Policy Engagement at Norges Bank Investment Management, and Gonzalo Ocejo, Vice President of Development at Preferred Travel Group, explore this gap. They offer valuable insights into bridging the divide through fostering cultural competence, promoting harmonized standards, and other key strategies.
#MindTheGap #CulturalGAP #JoinTheConversation #PublicInterest #PIOB
Episode 7 - Legislation GAP
The Legislation Gap refers to inconsistencies in regulations that arise without universally accepted international standards.
The Legislation gap refers to inconsistencies in regulations that arise without universally accepted international standards. In sustainability reporting and assurance, this gap can manifest as jurisdictional disparities, where different countries have varying requirements, methodologies, or expectations for reporting on environmental, social, and governance (ESG) factors. These disparities can create risks such as greenwashing, reduced comparability, compliance complexity and market confusion.
In this last episode of the Mind the Gap series, we explore this gap with Begoña Navallas, Professor at Universidad Autónoma de Madrid and Director of the MACAM; Jonathan Bravo, Director of Regulatory Affairs at the IFRS Foundation; and Jane Diplock AO, International Professional Director and former PIOB member.
#MindTheGap #LegislationGAP #JoinTheConversation #PublicInterest #PIOB