Free webinar on first global standard for tax transparency
January 23, 2020 /3BL Media/ - Why has the world’s leading sustainability standard setter launched a new reporting standard on tax – and how can organizations start to understand and use it to disclose their impacts?
To help answer these questions and many more, GRI is holding free webinar sessions on January 29, open to all those with an interest in the new Tax Standard. GRI 207: Tax is the first global standard for public, country-by-country reporting on tax. It also includes disclosures on tax strategy, governance and risk management.
GRI engaging and influencing at World Economic Forum annual meeting
January 22, 2020 /3BL Media/ - With global leaders gathered in Switzerland for the World Economic Forum (WEF), GRI is pressing for action and commitments that support the transition to sustainable and responsible business.
GRI chief executive Tim Mohin is participating in the WEF annual meeting in Davos this week. That includes a strategy session today with the WEF International Business Council on mainstreaming ESG (Environmental, Social, and Governance) disclosures.
High interest at London event in GRI’s ‘game changer’ Tax Standard
January 17, 2020 /3BL Media/ - The increasing number of inquiries into the tax practices of corporations demonstrates why a transition towards transparent tax disclosure is urgently required.
This was a key message from Elise J Bean, former United States Senate tax investigator, as she addressed an event in London today to highlight GRI’s launch of the world’s first country-by-country public reporting standard for tax. Governments around the world, including several EU countries and Australia, are currently reviewing the tax practices of multinationals.
The big news this week for sustainability professionals: The publication of the much-anticipated annual letter to corporate chief executive officers by Larry Fink, Chair and CEO of BlackRock -- the world’s largest asset manager (with almost US7 trillion in Assets Under Management).
It is a favorite pursuit of journalists and commentators at each year-end and the start of the new calendar year to look back and look forward to identify “top stories” and significant trends of the year past. And to look ahead at “what might be” in the new year. We present a few of these musing for you in this first newsletter of the year 2020.
The year 2019 began with an important challenge to corporate leaders from Larry Fink, chairman and CEO of the world’s largest asset manager, BlackRock (with more than US$6 trillion in AUM). He writes each year to the CEOs of companies that his firm invests in on behalf of the firm’s clients. There are literally hundreds of publicly-traded companies in the BlackRock portfolio.
By Judy Kuszewski, Chair of the Global Reporting Initiative’s Global Sustainability Standards Board
On 3 April 2016, the world woke up to revelations in the Süddeutsche Zeitung newspaper laying bare the murky use of offshore financial services and shell companies, which some individuals and companies were using to minimize their tax liabilities.
The Panama Papers, as the multi-country investigation became known, provided sensational stories involving politicians, rock stars and royalty. But what it also laid bare was the scale of global business’s tax avoidance – often entirely legal.
December 13, 2019 /3BL Media/ - The Philippines Securities and Exchange Commission (SEC) has been acknowledged for their efforts to raise the sustainability reporting capacity of businesses, for which GRI has provided wide-ranging support.
GRI and Responsible Labor Initiative launch new toolkit
December 11, 2019 /3BL Media/ - A toolkit to advance reporting on modern slavery has been published by GRI and the Responsible Labor Initiative, an Initiative of the Responsible Business Alliance. The resource provides guidance on increasing the effectiveness of corporate reporting, underpinning the transparency and accountability needed to support global efforts towards eradicating modern slavery.