GLOBAL REPORTING INITIATIVE : Sustainability reporting helps rebuild trust in business, financial institutions and government
(Thomson Reuters ONE) -
GRI launches two new studies revealing an increased focus on sustainability
reporting as a result of the financial crisis
Amsterdam NL 12 May 2010 - According to new research presented by The Global
Reporting Initiative (GRI), sustainability reporting has become an essential
tool to help businesses and governments rebuild trust and confidence in the wake
of economic collapse.
GRI - the pioneering developer of the world's most widely used sustainability
reporting framework - contributed to two high-profile research projects into the
trends of reporting. These studies reveal the global economy is set to become
radically more transparent over the next decade. The exploration of Integrated
Reporting by a number of multinational corporations has already caught the
attention of key stakeholders, including the financial markets and regulatory
bodies. As a result, businesses will be expected to provide significantly higher
levels of corporate transparency and product traceability. These are factors
that GRI is already considering in future strategic developments of the GRI
Guidelines.
"Transparency is a key component for companies and governments to manage
resources and public expectations. Consequently, sustainability reporting is
becoming more mainstream, recognized as the best tool to measure, report and
communicate performance in the ESG field." says Nelmara Arbex, Director,
Learning and Services at GRI.
The studies, 'The Transparent Economy' and 'Carrots and Sticks', investigate the
latest developments in sustainability reporting in the regulatory field and in
relation to society's recent challenges. Both will be launched at The 2010
Amsterdam Global Conference on Sustainability and Transparency taking place on
26-28 May, 2010.
'The Transparent Economy' report is based on research lead by Volans, a
sustainability consultancy-think-tank, in cooperation with GRI, analyzing the
trends that will drive reporting until 2020.
"Sustainability reporting is playing a crucial role in the process of rebuilding
trust in businesses, financial institutions and governments following the
financial meltdown. As a result, new forms of 'integrated reporting' are
evolving rapidly," says the report's author, sustainability champion John
Elkington.
'Carrots and Sticks - Promoting Transparency and Sustainability' is the latest
edition of a study initially published in 2006 to provide readers with an easy
reference and overview of mandatory and voluntary approaches to sustainability
reporting and assurance throughout the world. A co-production of GRI, the United
Nations Environmental Program (UNEP), KPMG Sustainability, and the University of
Stellenbosch Business School, the study covers the majority of Organization for
Economic Co-operation and Development (OECD) countries as well as emerging
market countries such as Brazil, India and South Africa.
"The financial crisis has sparked a renewed focus on regulation. The role of
governments in sustainability reporting is an important part of this trend, as
the state plays a stronger regulatory role in ensuring a minimum level of
disclosure and risk prevention," says Teresa Fogelberg, Deputy Chief Executive
at GRI. "This means more rigorous sustainability reporting is going hand in hand
with regulation."
The full publications will be available at The 2010 Amsterdam Global Conference
on Sustainability and Transparency, the world's biggest sustainability reporting
event. 'The Transparent Economy' publication will be launched during the 'Volans
& GRI Research Program: Trends in Future Reporting' conference session on
Thursday, 27 May at 2 pm. The 'Carrots and Sticks' publication will be launched
during the 'Learn about Regulatory Approaches around the Globe' conference
session on 27 May at 11 am.
For more information on the conference, please visit
www.amsterdamgriconference.org
Media contact:
Global Reporting Initiative
Gudrun Dohl
+31(0)20-5310067
dohl(at)globalreporting.org
About The Global Reporting Initiative
The Global Reporting Initiative has pioneered the development of the world's
most widely used sustainability reporting framework and is committed to its
continuous improvement and application worldwide. This framework sets out the
principles and indicators that organizations can use to measure and report their
economic, environmental, and social performance.
For more information visit: www.globalreporting.org
[HUG#1415724]
Unternehmensinformation / Kurzprofil:
Datum: 13.05.2010 - 10:08 Uhr
Sprache: Deutsch
News-ID 20853
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Town:
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Kategorie:
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