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Investors Step Up Pressure on Corporate Responsibility Reporting

Summary: 

A coalition of global investors from 13 countries, managing over US$2.1 trillion of assets, is today writing to 86 major companies urging them to honour the reporting requirements of the United Nations Global Compact, the world’s biggest voluntary corporate responsibility initiative. Each of the 86 “laggard” companies has previously joined the UN initiative but failed to produce the mandatory annual report on how it puts the initiative’s ten principles into action. This move represents the latest call by the global investment community for better corporate reporting on environmental, social and corporate governance (ESG) activities.

Press Release

A coalition of global investors from 13 countries, managing over US$2.1 trillion of assets, is today writing to 86 major companies urging them to honour the reporting requirements of the United Nations Global Compact, the world’s biggest voluntary corporate responsibility initiative. Each of the 86 “laggard” companies has previously joined the UN initiative but failed to produce the mandatory annual report on how it puts the initiative’s ten principles into action. This move represents the latest call by the global investment community for better corporate reporting on environmental, social and corporate governance (ESG) activities.

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