The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) has released an International Good Practice Guidance document providing guidance on project and investment appraisal for sustainable value creation. The guide promotes the need for project and investment appraisal to facilitate long-term decision making and to incorporate sustainability-related considerations, emphasising the need for explicit value-creating strategies such as discounted cash flow (DCF) analysis and downplaying short-term criteria such as payback periods and earnings-per-share (EPS) growth.