Greater corporate input needed to reach the Sustainable Development Goals
April 8, 2020 /3BL Media/ - With the clock ticking on the deadline to complete the Sustainable Development Goals (SDGs), governments need to up the pace of progress – and do more to harness participation from both the public and private sectors.
GRI has set out recommendations to help policymakers work with companies to capture their contributions as part of national SDGs strategies. This includes the Voluntary National Reviews, the annual SDGs status updates from individual countries, which offer a platform for the partnerships needed to achieve the 2030 Agenda.
As the coronavirus infections continued to spread into every corner of the globe, the players in three societal sectors moved into action – the public sector (governments), the private sector (in the main, corporations, public and private) and what the esteemed Professor Peter Drucker identified as the “Social” sector (i.e., not-for-profits, NGOs, academics, foundations, others).
Opportunities to join governance of the leading sustainability standards setter
March 31, 2020 /3BL Media/ - A global search is underway to strengthen GRI’s representation of different organizations and interests, across sectors and geographic boundaries, through an open call for new members to join its governance bodies.
GRI is the world’s leading sustainability reporting framework – and the only with multi-stakeholder working at the core of its governance and standard setting. Four of GRI’s decision making and advisory bodies are seeking applications from individuals of high integrity with relevant experience.
New appointments to ramp up capital markets and policy engagement
March 25, 2020 /3BL Media/ - As global capital markets, investors and policy makers are increasingly focused on environmental, social and governance (ESG) information, GRI has made two senior appointments to help meet the needs of these important stakeholders:
Review of BEPS sees groups around the world push for public reporting
March 19, 2020 /3BL Media/ - The response to the OECD’s consultation on updating their tax reporting framework has been supportive of adding public disclosure of country-by-country corporate tax payments. About 25% of the responses urged the OECD to align with GRI’s recently launched Tax Standard.
An open letter from Global Reporting Initiative to our stakeholders
As an international organization, with employees and stakeholders around the globe, GRI has been closely monitoring the developments concerning the COVID-19 pandemic. At all times we have been striving to respond appropriately, adhering to the expert advice from local and global health authorities – while continuing to operate effectively and provide services within this ever-changing environment.
The mantra Take, Make, Dispose has been the traditional approach of many manufacturing firms over the many decades of the modern industrial revolution. (Are we in Phase One of dramatic change? Two? Three? The World Economic Forum discussions center on Phase Four – the Fourth Industrial Revolution.) And part of that is the focus on greater sustainability in industry.
Norges Bank press for companies to improve and increase ESG disclosures
March 4, 2020 /3BL Media/ - A report from Norges Bank Investment Management – manager of the one trillion Euro Government Pension Fund of Norway – has called for businesses to improve metrics to ensure they disclose ‘relevant, quantitative and comparable information on environmental, social and governance (ESG) issues’.
The importance of the work over the past several years of the Sustainable Accounting Standards Board in developing industry-specific ESG disclosure recommendations was underscored with the recent letters to company leadership from two of the world’s leading asset management firms.
By Peter Paul van de Wijs, GRI Chief External Affairs Officer
This year marks just ten years to go to the deadline for completing the UN Sustainable Development Goals (SDGs). These universally supported targets were always ambitious in their scope – yet what is clearer now than ever before is that quicker progress is crucial in the decade to come. If the world stays on the same pace as the past five years, the goals will not be met with worrying and serious consequences.