New topic Standards on Tax, OHS and Water to be used
January 14, 2021 /3BL Media/ - Companies disclosing their impacts through the world’s most widely used sustainability reporting standards are to adhere to three new and updated standards, for reports they publish from this year onward.
In 2018, two revised GRI Standards launched – for occupational health and safety, and water and effluents. In December 2019, the first global standard for tax transparency published. Effective from 1 January, companies identifying any of these topics as material are now to apply the new Standards.
Translations of the global reporting standard for waste
The GRI Waste Standard is now provided in nine languages. In addition to English, translations have launched in Arabic, Traditional Chinese, French, German, Italian, Japanese, Portuguese and Spanish.
This means that more reporting organizations around the world can download and use GRI 306: Waste 2020, available free of charge, to disclose a complete picture of the waste impacts in their processes, products and services, as well as throughout their value chains.
Seems like just yesterday we were celebrating the great promise of the 21st Century – the Paris Accord. Can you believe, it is now five years on (260 weeks or so this December) since the meeting in the “City of Lights” of the Conference of Parties (“COP 21”, a/k/a the U.N. Paris Climate Conference). This was the 21st meeting of the global assemblage focused on climate change challenges.
Looking back 90+ years to the 1920s, corporate financial disclosure was in essence, a joke. (Why, said one public company leadership, would we ever tell investors what our real financial condition is!) Financial reporting was voluntary! And then…came the 1929 market crash.
CSE Research explores why 'doing business as usual' is no longer a valid option and the shift to 'doing business in a sustainable way' is the only way to secure companies’ trust and financing.
CHICAGO, December 16, 2020 /3BL Media/ - The Center for Sustainability and Excellence (CSE) announces its fourth consecutive 2020 Annual Research into ESG Ratings and Sustainability Reporting Trends in North America, focusing in common ESG practices and frameworks used by companies and organizations with improved financial results (e.g Annual Revenues increase).
Booz Allen Hamilton has launched its annual Environmental, Social, Governance (ESG) Impact Report, now aligned to the GRI Standards, the world's most widely used standards for corporate sustainability reporting. The 2020 ESG Report, “The Future Can’t Wait,” shares Booz Allen’s vision and impact in six key areas: Ethics and Integrity, Mission and Innovation, Employee Experience, Community Engagement, Global Resilience, and Information Security.
Call for improved transparency on business respect for human rights
As the world marks Human Rights Day, the widening societal inequalities brought into focus by the pandemic are a stark reminder of the action needed to advance human rights. The role that companies play, in terms of understanding how their behavior contributes towards respect for human rights, is therefore crucial.
Change is a-coming – quite quickly now – for corporate sustainability reporting frameworks and standards organizations.
Before the disastrous October 1929 stock market crash, there was little in the way of disclosure and reporting requirements for companies with public stockholders. The State of New York had The Martin Act, passed in 1921, a “blue sky law” that regulates the sales and trades of public companies to address fraud issues.
As 2020 Began, $1-in-$3 of Professionally Managed AUM in the United States Had ESG Analysis and/or Portfolio Management Strategies Applied…US$17.1 Trillion Total
Every two years, since 1996, the influential trade organization for sustainable, responsible and impact investment (US SIF) conducts a year-long survey of professional asset managers to determine the total of USA-based assets under management (“AUM”) that have ESG analysis and/or portfolio management applied.