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Three GRI Standards come into effect for sustainability reports in 2021

New topic Standards on Tax, OHS and Water to be used for reporting 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

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Investor Pressure Boosted Climate Disclosures in 2020, Says CDP

More companies reported their impact on forests, climate change and water security after investors demanded they do so, according to the nonprofit. Companies are more than twice as likely to report climate risk data when investors actively pressure them to do so, according to a leading climate-disclosure platform. More than 1,000 companies were asked by investors to disclose their

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Step towards stronger financial reporting to complement sustainability reporting

GRI responds to launch of prototype climate-related financial disclosure standard Five leading organisations in sustainability and integrated reporting have published proposals on enterprise value reporting, brought to life in a prototype climate-related financial disclosure standard. The development – from GRI, CDP, CDSB, IIRC and SASB – follows a joint statement of intent in September, outlining a vision for a comprehensive corporate reporting system. The

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Finance companies launch digital sustainability reporting tool for SMEs

finnCap Group, leading adviser and broker to ambitious growth companies, both public and private, is pleased to announce a partnership with leading sustainability fintech company World Wide Generation (WWG) in order to provide businesses with a new digital sustainability monitoring and measurement App, Company Tracker, to measure and improve their social, economic and environmental impact,

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‘With the rise in home working, we need a scope 4 for GHG emissions’

Stephen Bay of EarthUp explains how companies that are serious about getting to net-zero must account for remote workers’ energy use 2020 has brought a number of challenges for every business, with one of the major ones being the shift to work from home. Those gleaming new corporate campuses now stand empty. Instead, workforces are

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Financial and sustainability reporting must be given equal footing

GRI responds to IFRS consultation paper on sustainability reporting GRI has called for strengthened financial reporting that complements sustainability reporting and takes account of the financial risks and opportunities related to a company’s sustainability impacts – with mandatory disclosure to ensure transparency on corporate contributions to global challenges. The proposals are included in GRI’s response to the

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Waste Standard available in nine languages

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

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Working Towards Financial Reporting Framework For Sustainability

In recent years, British and American public opinion has increasingly shifted in favor of climate action. As a result, political will has followed suit. President Elect Joe Biden made a clean energy and environmental justice plan a core of his 2020 election platform. Just last month, Britain’s Prime Minister Boris Johnson announced a ban on all new gasoline and

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Companies worth $15 trillion revealed on CDP 2020 ‘A List’ of environmental leaders

Over 300 companies including AstraZeneca, Danone, Firmenich, HP Inc, KAO Corporation, Klabin S/A, Mars, Symrise AG and Mitsubishi Electric have been named on this year’s A List by environmental non-profit CDP. This is a major increase on last year, despite the unprecedented challenges posed by COVID-19. The A List showcases the companies leading on environmental transparency and action, based

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CDSB calls for regulatory change following review of European corporate environmental disclosures

The third consecutive review of environmental and climate-related disclosures in Europe shows signs of improvement, but the information remains insufficient for investment decision-making. Latest report released by the Climate Disclosure Standards Board “The state of EU environmental disclosures in 2020» analysed the strength and weaknesses of disclosure among 50 largest companies in the European Union