If your company has not yet started your sustainability journey, then here in August 2021 the stakes are getting higher for your Board of Directors and C-suite. Even if your company has already made good progress on ESG and sustainability, the stakes for your company are rising as peers that have already invested time, money and resources in their sustainability journey are steadily upping their game and striving for leadership.
By Dr. Allinnettes Adigue, Head of GRI’s ASEAN Regional Hub
The perspective that meaningful and credible sustainability reporting is an essential requirement for any responsible business is increasingly becoming accepted, by many companies around world. Yet reporting cannot take place in isolation. Sustainability is a critical aspect of business strategy and operational decision-making, which needs to be embedded in the corporate DNA through a transformative process.
How can organizations respond to their needs for improved information on sustainability risks, as well as growing external expectations for transparency? And how can more comprehensive reporting help them adapt to responsible business practices?
Appointment of Dani Marunovic as Chief Financial Officer
August 3, 2021 /3BL Media/ - A new addition has been made to the senior management team of GRI, provider of the world’s most widely used sustainability reporting standards, following confirmation of Dani Marunovic as Chief Financial Officer. As CFO, she has responsibility for the operational management of the GRI secretariat, including budgeting, financial controls, human resources, infrastructure, legal affairs and IT.
For many years, the European Union moved ahead of the U.S.in developing laws and regulations to address the challenges of climate change and the expansion of corporate programs and related reporting for ESG issues.
In the U.S., the major regulatory bodies such as the Securities & Exchange Commission, the Federal Reserve banks, the Treasury Department, and other cabinet level and independent agencies avoided mandating disclosure rules for publicly-traded corporations for many social (S) and environmental (E) issues.
Remember those 1970s /early ‘80s ubiquitous TV commercials with the tag line, “When EF Hutton Speaks, People Listen?” The point was that when the EF Hutton financial services firm “said” something about investing possibilities, we would be wise to sit up and listen carefully to the advice. These days we are tuning in to the Securities & Exchange Commission to discern the future directions of corporate sustainability / ESG disclosure. To us it is clear: the broadening flow of comments indicates something is about to happen regarding corporate ESG disclosure.
Partnership to measure private sector contribution to the SDGs – as investors back ESG reporting
July 14, 2021 /3BL Media/ - An online platform in Colombia is making it easier for companies to assess how they are contributing towards achieving the Sustainable Development Goals (SDGs).
Launched, with backing from Global Reporting Initiative (GRI), the National Planning Department (DNP) of Colombia, and the UN Development Program, the SDG Corporate Tracker Colombia has so far been used by 480 businesses.
By Margarita Lysenkova, Manager – Sector Program, Global Reporting Initiative (GRI)
As the global community gears up for the 2021 UN Food Systems Summit, it is significant that preparations are also underway by Global Reporting Initiative (GRI) to deliver a new sector reporting standard for agriculture, aquaculture, and fishing. The Summit aims to leverage the power of food systems to deliver progress on the Sustainable Development Goals (SDGs). Yet, unlocking the contribution of companies in the food production sectors will be impossible without clarity on their sustainable development impacts.
Statement of Cooperation signed between Global reporting Initiative and EFRAG
July 9, 2021 /3BL Media/ - The announcement of a Statement of Cooperation between GRI and the European Financial Reporting Advisory Group (EFRAG) Project task Force sees both organizations agree to share technical expertise to co-construct new EU sustainability reporting standards and contribute to further global convergence.
GRI engagements at the UN High-Level Political Forum 2021
The landmark annual global gathering to drive action in support of the Sustainable Development Goals (SDGs) starts today – with nations and stakeholders focused on how a resilient and inclusive response to the COVID-19 pandemic can be the pathway for achieving the 2030 Agenda.