The European Commission has adopted a Recommendation on recognition, measurement and disclosure of environmental issues in the annual accounts and annual reports of EU companies. The Recommendation clarifies existing EU accounting rules and provides guidance to improve the quality, transparency and comparability of environmental data available in companies’ annual accounts and annual reports. The current lack of a common set of rules and definitions means that environmental information disclosed by companies is often inadequate and unreliable. This makes it difficult for investors and other users of financial statements to form a clear and accurate picture of the impact of environmental factors on a company’s performance or to make comparisons between companies.
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A new breed of nonprofit and corporate leader is trading tension and distrust for collaboration to improve corporate environmental practices in significant and lasting ways.
A new report, “Partnering for Sustainability: Managing Nonprofit Organization-Corporate Environmental Alliances,” outlines the factors that contribute to the most effective collaborations. The report is based on a
study by researchers at the University of North Carolina at Chapel Hill that explored the experience and interactions, both adversarial and collaborative, between environmental nonprofits and corporations, and the
factors that determine success.
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Some of the world’s largest information and communications technology companies form an alliance to promote sustainable development.
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On the eve of the CBI annual dinner, the New Economics Foundation (NEF) is calling on all FTSE 100 companies to introduce a stakeholder council into their corporate governance structure or be consigned to the dustbin of history.
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Of the world’s top companies, 64% use their Web sites to disclose social and environmental information of some type, according to a survey by CSR Network, international consultants, of the reporting practices of the firms on *Fortune* magazine’s current list of the
top 100 companies in the world (the Global 100 or G100).
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SustainAbility and International Business Leaders Forum (IBLF) is pleased to announce the launch of its latest report The Power to Change: Mobilising board leadership to deliver sustainable value to markets and society. Power to change explores the shear zone of sustainable development and corporate governance and it shows how and why Boards of Directors of major companies, faced with issues of globalisation and corporate power, are starting to integrate triple bottom line considerations – economic, social and environmental – into their corporate governance responsibilities.
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New report identifies seven factors companies must address in order to realize sustainable practices.
The World Business Council for Sustainable Development (WBCSD) has issued a new report that shows how open, transparent markets can drive sustainability. It also makes the business case for implementing sustainable practices. Entitled -Sustainability Through the Market: Seven Keys to Success”, the document outlines seven keys to successful implementation and illustrates the economic benefits of doing so with real-world case studies.
The report, four years in the making, was co-authored by Chad Holliday, CEO and Chairman of Dupont (ticker:DD) and current Chairman of the WBCSD, and John E. Pepper, Chairman of Procter & Gamble (PG). The two introduced the report last week during a luncheon at the U.N. headquarters in New York City.
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Public companies will come under increased pressure to focus on their impact on the environment following the announcement of a new policy by a leading UK fund manager.
Morley Fund Management, which manages Pounds 100bn of assets including the equivalent of 2.5 per cent of the UK stock market, will in future vote against top 100 companies’ annual accounts unless they include an environmental report.
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An update of the Global Reporting Iniative:
* Measurement Working Group Subgroups Take Shape
*Board of Directors Nominating *Committee Members Announced
*Thirty-one Companies Join Structured Feedback Process
*Site Selection Update
*GRI on the Road
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Numerous financial institutions have started installing environmental management systems. In ISO terms, such companies need to show continuous improvement of both their environmental management system and the environmental performance of their business processes. A better understanding of what and how is to be measured in financial institutions is therefore essential for performance assessment and reporting.
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FTSE announces today an innovative new family of indices named FTSE4Good, designed to be a first step towards setting a global standard in the fast growing area of socially responsible investment (SRI). FTSE4Good aims to increase awareness and acceptance of SRI amongst the international business community, and will also generate significant funds for UNICEF.
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**Major Guidelines Improvement Effort Launched The revision of the June 2000 first edition of the GRI’s Sustainability Reporting Guidelines is just getting under way. One key area of revision work is the performance section (Part C, Section 6) of the Guidelines. Work on this section is taking place through the Measurement Working Group (MWG). We […]
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