Public comment period begins for updated Universal Standards
June 11, 2020 /3BL Media/ - Changes to improve how organizations use the GRI Standards to disclose their impacts on the economy, environment and people have been made available for global consultation.
Questions: What about the dramatically-increasing corporate ESG / sustainability / responsibility / citizenship disclosure and reporting? Should it be regulated? How? What would be regulated in terms of disclosure and reporting – what should the guidelines for issuers be? Does this topic become an important part of the SEC’s ongoing Reg FD (disclosure) revamping? What do investors want? What do companies want? Many questions!
Webinars on the new globally applicable tool for managing waste impacts
June 2, 2020 /3BL Media/ - Following the launch of a standard that enables organizations to minimize waste impacts, two virtual events are taking place to highlight how companies can make the most of this global best practice for waste reporting – and how it can unlock circularity benefits.
New Management Approach Disclosures Service launched
May 29, 2020 /3BL Media/ - Management approach disclosures are an essential aspect of sustainability reporting, providing the context for stakeholders to understand how a company manages their impacts on the economy, the environment, and society. The Management Approach Disclosures Service helps organizations present these disclosures clearly and accurately, giving a platform for the most accessible and transparent reporting.
Membership confirmed for group to develop new GRI Sector Standard
Global Reporting Initiative (GRI) have announced the members of the project working group leading the work to create a new sustainability reporting standard for agriculture and fishing.
The multi-stakeholder group, which includes diverse representatives from organizations around the world, has met virtually for the first time. They will now take forward the project to help companies with agriculture and fishing activities in their value chain understand their role in sustainable development and promote transparency and accountability.
Launch of sustainability standard to challenge the status quo on waste
May 19, 2020 /3BL Media/ - Organizations now have the means to disclose a complete picture of the waste impacts in their activities, products and services – following the launch of a new reporting standard by GRI, provider of the leading global sustainability standards.
The GRI Waste Standard changes how companies measure and understand waste, responding to global concerns about increases in waste generation and the impact on the environment, society and the economy. It encourages companies to prevent waste at source and unlock opportunities for circular business practices.
As the global coronavirus pandemic continues to uproot our normal business, financial, economic and personal pursuits, questions that we could logically ask are (1) what impact does the virus crisis have on the ongoing corporate sustainability / ESG / citizenship efforts; and (2) what is the investor reaction – does the move into more sustainable / ESG investment vehicles continue?
Some answers come from Sanghamitra Saha, of Zack’s, writing in Yahoo Finance – “Here’s Why ESG ETFs Are Hot Amid Pandemic”.
Shorthand terms do matter – the “titling” of certain developments can sum up trends we should be tuning in to. Some examples for today: Sustainable Capitalism - Stakeholder Primacy – Sustainable Investing – Corporate Sustainability. Corporate ESG Performance Factors.