NEW YORK, December 13, 2019 /3BL Media/ - In August 2019, almost all the Business Roundtable CEO members (181) signed on to an updated BRT definition of “the purpose of a corporation” which expanded the definition to include a focus on other stakeholders other than investors.
Waste reporting disclosures being developed by GRI
May 1, 2019 /3BL Media/ - In the face of a growing global waste crisis, new corporate reporting disclosures are being developed by GRI to help organizations better understand and communicate their waste impacts.
International recognition of the need for action on waste is increasing. The scale of the issue – from the effect of plastics in marine ecosystems to the mounting disconnect between food waste generation and global hunger – illustrate why businesses and other organizations need to play their part by improving waste management practices.
A Financial Times article on 2 April carried sweeping claims by Hans Hoogervorst, chair of the International Accounting Standards Board (IASB), that ‘greenwashing is rampant’ in sustainability reporting. The Global Reporting Initiative (GRI), the leading independent sustainability standards body, categorically refutes this assertion.
Caterpillar and its customers help build a better world with sustainability as the core.
DEERFIELD, Ill. September 14, 2018 /3BL Media/— Caterpillar Inc. (NYSE: CAT) has been named to the 2018 Dow Jones Sustainability Indices (DJSI), including both the World and North America indices. This marks the 19th time Caterpillar has been included in the DJSI.
Tools available for more meaningful sustainability reporting
Understanding how companies contribute to solving the great issues of our time, like combatting poverty, acting on climate action, and supporting sustainable cities and communities is crucial to achieving the Sustainable Development Goals (SDGs). But showing how companies are addressing the issues of the day is not always so straightforward.
Discussion paper provides practical assistance to report on poverty
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In September 2016, GRI embarked on a research project with DFID to review the relationship between corporate sustainability reporting and business action on poverty alleviation, with the aim of identifying how improved data and reporting can optimize business’s contribution to ending poverty. The role of business is essential, and we see corporate sustainability reporting a significant driver of positive social change.
Sustainability reporting can support companies’ contribution to poverty alleviation. So how can we maximize its impact to help reach the Sustainable Development Goal (SDG) of no poverty by 2030? A new paper by GRI outlines recommendations and specific disclosures that companies can apply.
GRI strongly supports the work of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). The TCFD recommendations take an important step towards integrating sustainability information into financial disclosures. Investors and other stakeholders will be better informed by the TCFD disclosures on climate-related financial risks and opportunities.