Global network of standard-setting organizations to accelerate widespread adoption of impact measurement and management
October 10, 2018 /3BL Media/ - A group of leading global organizations, including the Global Reporting Initiative (GRI), have joined forces to create the Impact Management Project. This network is an unprecedented effort to develop methods to measure the environmental and social impacts of investment decisions. The goal is to align investment with sustainable business practices in order to achieve the Sustainable Development Goals (SDGs).
The 17 Sustainability Development Goals (SDGs) reflect the ideals of our time and aim to ensure that everyone can fulfill their potential in dignity and equality, while protecting the planet from degradation, and in harmonious, peaceful and just societies. The commitment of governments has been translated into clear and measurable targets, that get evaluated yearly during the Voluntary National Reviews (VNR).
To provide healthy and safe working conditions, organizations need a robust management approach that drives the prevention of physical and mental harm and the promotion of workers’ health. In addition to benefiting workers, it is also good business. First, a healthy workforce is more productive and engaged. Second, promoting a healthy work environment helps to attract – and hold on to – talented workers.
Companies now better equipped to report on both harm prevention and health promotion
AMSTERDAM, October, 4 2018 /3BL Media/ - Healthy and safe working conditions are recognized as a human right – yet it is estimated that close to 2.8 million people die from work-related injuries and illnesses every year, according to the International Labour Organization. A lack of robust occupational health and safety (OH&S) management can put the lives of workers and their families at risk and can limit countries’ potential for sustainable development.
The business benefits of sustainability reporting do not go unnoticed: in addition to a useful risk management tool, reporting can also generate savings, inform better decision-making, and increase stakeholder trust. But many companies new to reporting are asking: where should we start?
GRI’s updated standard on water and effluents requires reporting impacts in the value chain
STOCKHOLM, August 28, 2018 /3BL Media/ – Access to freshwater is essential for all life, and a human right recognized by the United Nations. However, millions of people around the world suffer from water scarcity, poor water quality, and inadequate sanitation. Companies operating in areas with water stress have an urgent responsibility to track their impacts, to make informed decisions that trigger meaningful action.
UPS, the global multinational package delivery company, has been producing a sustainability report since 2003, and was the first in their industry to issue a report with environmental, social and governance (ESG) information. For the company, sustainability reporting is a means to create more positive impacts in the industry, for its stakeholders and on the world.
There is no doubt that businesses are key to achieving the Sustainable Development Goals (SDGs). Since 2013, representatives from countries, businesses and NGOs have gathered once a year in New York to for the high-level political forum on sustainable development (HLPF). We collected some key takeaways from the forum about how the private sector is helping advance the achievement of the SDGs.
The UN Sustainable Development Goals (SDGs) give companies and investors a unique chance to create a better world. In this video, we ask prominent members from the investor world why the SDGs matter when it comes to making investment decisions.
Click here to read more about GRI’s work with the capital markets.