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27 September 2011
SRI-Adviser: Investors Call for Mandatory Integrated Reporting
Source:
www.sri-adviser.com
by Robert Kropp
The Corporate Sustainability Reporting Coalition, led by Aviva Investors, urges United Nations member states to require companies to include sustainability issues in annual financial reporting.
Integrated reporting—the practice of embedding environmental, social, and corporate governance (ESG) information into corporate financial reports—received another significant boost recently, when a group of financial institutions, professional bodies, nongovernmental organizations (NGOs), and investors with $1.6 trillion of assets under management called for a binding international commitment requiring companies to disclose sustainability information.
The Corporate Sustainability Reporting Coalition, led by Aviva Investors, urged UN member states to require public and large private companies to integrate sustainability information in their annual financial reports, or explain why they have not done so.
Integrated reporting has become an important issue for many sustainable institutional investors. The International Integrated Reporting Committee (IIRC), formed in 2010 by the Global Reporting Initiative (GRI) and other organizations, published a discussio n paper in which it stated, "Integrated Reports will meet the needs of a broad range of stakeholders."
GRI is also a member of the Corporate Sustainability Reporting Coalition.
The Coalition highlighted the key principles of transparency and accountability in its presentation at last week's UN Private Sector Forum on Sustainable Energy for All. National regulations should be developed to mandate integrated reporting, and mechanisms should be provided to investors to hold companies accountable for the quality of their disclosures.
The Coalition called on UN member states to adopt a global policy framework at the United Nations Conference on Sustainable Development in Rio de Janeiro next year.
Ernst Ligteringen, Chief Executive of GRI, stated, "Pioneering companies have proven the business case for disclosing sustainability data: now is the time to ask the question why don't you report?"
"Member states have an opportunity to drive us towards a sustainable global economy, by requiring that all large organizations report their sustainability impacts – either in a sustainability report, or integrated with financial data – or explain their silence," he continued.
News
8 July 2009
SocialFunds: Investors Call for Improved ESG Disclosure by Companies in Emerging Markets
6 July 2009
SRI-Adviser: SEC Proposes Rule Changes to Improve Corporate Transparency
4 July 2009
SocialFunds: Findings of Chamber Report on Proxy Voting are Challenged
2 July 2009
SRI-Adviser: Report Suggests that CDFIs are Weathering the Worst of the Economic Crisis
30 June 2009
GreenBiz: Yahoo! Abandons Carbon Offsets in Favor of Efficiency
29 June 2009
Social Investment Forum: Major Emerging Market Investors Want More Disclosure on ESG Issues
26 June 2009
Social Investment Forum: SIF Endorses Mandatory Greenhouse Gas Reporting at Facility & Corporate Level
25 June 2009
SRI-Adviser: Book Review - The Truth about Green Business
24 June 2009
SocialFunds: New Investment Indices Will Track Companies Adapting to Low-Carbon Economy
23 June 2009
Hedgeweek: UN acts to boost responsible property investment
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Sustainable Investment Research Platform
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