The FTI Consulting business advisory firm surveyed a set of 130 global institutional investors to gauge the depth and breadth of U.S. assets invested using ESG principles. This group of investors, contacted from May through July 2018, responded that their Assets Under Management totaling US$8.4 trillion was believed to have benefitted by the contribution of extra [corporate] value to a company with a high ESG rating.
New Partnership to Encourage SDGs progress in Italy.
April 15, 2019 /3BL Media/ GRI and The Italian Alliance for Sustainable Development (ASviS) have signed memorandum of understanding, kicking off a partnership to unite efforts to promote corporate social responsibility in relation to the achievement of the Sustainable Development Goals (SDGs).
Question: Does a corporate sustainability program “cost” (and thus shows up on the “expense” side of the ledger) or are there measurable “returns” on the investments that companies are making to develop or adjust strategies, assemble teams and launch sustainability programs? (Especially those that have set goals and where progress is measured and then publicly reported.)
The first GRI Sector Standard will focus on oil, gas and coal.
April 4, 2019 /3BL Media/ - GRI is beginning a new program to help organizations within sectors to better understand, report and collaborate on their shared global sustainability challenges.
GRI is inviting nominations to join an expert working group to produce the first GRI Sector Standard, for oil, gas and coal. Sector Standards will help companies in a specific sector to define their economic, environmental and social impacts, enabling improved transparency and accountability on the sustainable development issues that matter most.
GRI challenges governments and companies to work closer together on SDG reporting.
April 3, 2019 /3BL Media/ - Global Reporting Initiative chairman Eric Hespenheide has called for greater cooperation between businesses and governments to achieve the UN Sustainable Development Goals (SDGs).
Following the Board of Directors holding their bi-annual meeting in India, GRI today (3 April) partnered with the Bombay Stock Exchange to hold a special dialogue event in Mumbai entitled ‘Business Innovation and Leadership for Sustainable Development Goals’.
Small changes can go a long way, as the largest non-banking financial institution in Bangladesh, IDLC, has seen through its community outreach projects. Giving back to the community has by now become anchored in the values not only for staff, but also for the users of IDLC’s services.
March 28, 2019 /3BL Media/ - A future where disclosure of the taxes paid by businesses is common international practice is one step closer, following widespread and trans-national support received through a GRI consultation exercise – and from investment organizations in particular.
As national economies become increasingly integrated, there have been growing calls from around the world – including investors, governments and wider civil society – for more corporate reporting on tax.
March 28, 2019 /3BL Media/ - More than 500 businesses in Sri Lanka and Bangladesh are being supported to report on their sustainability impacts following the launch of new guidance.
GRI has provided technical input to guides produced by the Dhaka Stock Exchange (DSE) and the Colombo Stock Exchange (CSE), which they will share with all their listed companies, providing recommendations on best practice for sustainability reporting.