Eszter Vitorino appointed to the European Commission’s Technical Expert Group on Sustainable Finance
July 4, 2018 /3BL Media/ - Following the adoption of the UN Sustainable Development Goals in 2015, the EU has mobilized many initiatives to support the global move towards a sustainable economy. One of these is the EU Sustainable Finance strategy, which focuses on examining how to integrate environmental, social and governance considerations into the European Union’s financial system.
Companies invest considerable time and resources to ensure that their reports are prepared in accordance with GRI’s Sustainability Reporting Standards, that the information is accurate, and that it reflects its true contributions to sustainable development. The entire organization is mobilized, and data is collected. But after the report is launched, often a PDF languishes somewhere on a website, all the valuable data locked within.
Continued degradation of environmental resources and failing to provide safe and healthy working environments globally have put water and OHS high on the global agenda, and are relevant to the Sustainable Development Goals (SDGs). Credible and actionable information about organizations’ impact on society and the environment is more important now than it has ever been, and sustainability reporting must also reflect the changes in how we understand problems and how we think about solutions.
The World Federation of Exchanges has today published revised sustainability recommendations for their member exchanges. GRI welcomes this update and encourages exchanges globally to consider the recommendations for their listing requirements.
The GRI Sustainability Reporting Standards help companies communicate their Environmental, Social and Governance (ESG) impacts to a wide target audience, including the investment community. GRI believes that in order to achieve real progress, there's a need to align capital investment with sustainable business. We asked prominent investors why they think sustainability matters – here’s what they had to say.
Find out more about GRI’s activities with investors and the capital markets by clicking here.
A major property developer in one of the world’s most vibrant cities, Canary Wharf aims to embed sustainability in the heart of its business. The company has included non-financial information in their corporate reports since 1987. We spoke to Martin Gettings, Group Head of Sustainability at Canary Wharf, about how sustainability reporting helps them to tell compelling stories and inspire others.
Introducing the GRI Sustainability Reporting Standards, the first global standards for sustainability reporting.
The GRI Standards help all organizations to report publicly on their economic, environmental and social impacts and show their impacts - positive or negative - to sustainable development. The GRI Standards are based on years of expert input from diverse stakeholders, and represent a common language for sustainability reporting.
GRI’s mission to empower decisions that create social, environmental and economic benefits for everyone, can only be fulfilled if everyone is represented. That is why multi-stakeholder representation is at the core of all of our activities, and our governance. And to make this inclusiveness more tangible, there is a yearly opportunity for different constituencies to become part of our governance bodies.
Members of these governance bodies are experts in their field who are also deeply interested in shaping the future of sustainability reporting.
Jubilant Life Sciences is a pharmaceutical and life sciences company operating on a global scale. One of the pioneers in India, Jubilant has released a public sustainability report from 2003 onwards. We spoke to Indra Guha, Chief Sustainability Officer at Jubilant, about the benefits the reporting process has brought for the company.
According to the World Bank Group, close to 95% of all businesses worldwide can be classified as small and medium-sized enterprises (SMEs). That is some 400 million companies, that form the backbone of the global economy. As such, they have an important part in the global economy and play a crucial role in a more sustainable world.