GRI’s updated standard on water and effluents requires reporting impacts in the value chain
STOCKHOLM, August 28, 2018 /3BL Media/ – Access to freshwater is essential for all life, and a human right recognized by the United Nations. However, millions of people around the world suffer from water scarcity, poor water quality, and inadequate sanitation. Companies operating in areas with water stress have an urgent responsibility to track their impacts, to make informed decisions that trigger meaningful action.
UPS, the global multinational package delivery company, has been producing a sustainability report since 2003, and was the first in their industry to issue a report with environmental, social and governance (ESG) information. For the company, sustainability reporting is a means to create more positive impacts in the industry, for its stakeholders and on the world.
There is no doubt that businesses are key to achieving the Sustainable Development Goals (SDGs). Since 2013, representatives from countries, businesses and NGOs have gathered once a year in New York to for the high-level political forum on sustainable development (HLPF). We collected some key takeaways from the forum about how the private sector is helping advance the achievement of the SDGs.
The UN Sustainable Development Goals (SDGs) give companies and investors a unique chance to create a better world. In this video, we ask prominent members from the investor world why the SDGs matter when it comes to making investment decisions.
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GRI has introduced its first ever Digital Reporting Tool. It’s a first step in an exciting new direction toward making sustainability data available and accessible in digital format. As we drive innovative formats in corporate sustainability reporting beyond PDFs, what can we learn from the path the music industry took as they evolved from vinyl to CDs to digital streaming?
Eszter Vitorino appointed to the European Commission’s Technical Expert Group on Sustainable Finance
July 4, 2018 /3BL Media/ - Following the adoption of the UN Sustainable Development Goals in 2015, the EU has mobilized many initiatives to support the global move towards a sustainable economy. One of these is the EU Sustainable Finance strategy, which focuses on examining how to integrate environmental, social and governance considerations into the European Union’s financial system.
Companies invest considerable time and resources to ensure that their reports are prepared in accordance with GRI’s Sustainability Reporting Standards, that the information is accurate, and that it reflects its true contributions to sustainable development. The entire organization is mobilized, and data is collected. But after the report is launched, often a PDF languishes somewhere on a website, all the valuable data locked within.
Continued degradation of environmental resources and failing to provide safe and healthy working environments globally have put water and OHS high on the global agenda, and are relevant to the Sustainable Development Goals (SDGs). Credible and actionable information about organizations’ impact on society and the environment is more important now than it has ever been, and sustainability reporting must also reflect the changes in how we understand problems and how we think about solutions.
The World Federation of Exchanges has today published revised sustainability recommendations for their member exchanges. GRI welcomes this update and encourages exchanges globally to consider the recommendations for their listing requirements.
The GRI Sustainability Reporting Standards help companies communicate their Environmental, Social and Governance (ESG) impacts to a wide target audience, including the investment community. GRI believes that in order to achieve real progress, there's a need to align capital investment with sustainable business. We asked prominent investors why they think sustainability matters – here’s what they had to say.
Find out more about GRI’s activities with investors and the capital markets by clicking here.