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Reporting drives corporate change to achieve SDGs

Can private sector participation in the SDGs unlock more sustainable business practices? ​An ambitious project has been launched to explore how the private sector can actively contribute to the Sustainable Development Goals (SDGs) – and what the role of reporting and partnerships is to support this process. GRI, the sustainability reporting standard setter, has joined

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Crucial contribution of business to Paris Agreement

Private sector role in achieving progress towards UN climate change goals Policy makers and businesses need to work closer together to ramp up private sector engagement in the climate change commitments made under the Paris Agreement. Nationally Determined Contributions (NDCs) set out the efforts by individual countries to cut emissions and adapt to the impacts

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What The World Can Learn From The Japanese Experience In Integrated Reporting

According to a recent report by the KPMG Integrated Reporting Center of Excellence, in 2018 there were 414 self-declared integrated reports by Japanese companies. This is up from 24 in 2010, a compound annual growth rate of 43 percent. For the most part, these are large companies. Of the 2,218 companies in the First Section of the

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Auditors are key players in sustainability reporting

Auditors play a crucial role in testing and verifying the claims organisations are making about their sustainability, says the European Court of Auditors’ Eva Lindström. This week, the European Court of Auditors hosted the first EU high-level forum on sustainability reporting, entitled ‘Trust, transparency and the role of auditors’.  Together with agenda setters and key

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EU dragging its feet on sustainability reporting, warn auditors

A report published by the European Court of Auditors (ECA) highlighted an alarming lack of action by the European Commission on sustainable development. The review found that the European Commission does not report on or monitor how the EU budget and policies contribute to sustainable development and achieving the SDGs — despite the EU’s commitment to the

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Integrate SDGs in the company’s full reporting cycle, “not just the contents page” – new UNCTAD/IIRC initiative

The UN’s Sustainable Development Goals (SDGs) can and must be integrated in to corporate reporting, according to a new agreement signed by the United Nations Conference on Trade and Development (UNCTAD) signed this week. UNCTAD and the International Integrated Reporting Council (IIRC) have signed an updatedmemorandum of understanding (MoU), in which the two organizations will enhance

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B Lab, UNGC Developing Tool to Help Businesses Chart Their SDG Progress

The SDGs touch on issues that require companies to rethink their approaches to value generation. So, B Lab is working with the UN Global Compact to develop a tool to help companies chart their next decade of progress on the SDGs. In the face of global challenges that threaten our planet and societies, the United

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Why the UN Global Compact is a CSR commitment that works

Julia Moshkin of EcoVadis points to research showing that companies that have signed up to the initiative’s 10 principles perform significantly better on driving responsibility in their supply chains Since the United Nations Global Compact (UNGC) released its 10 principles more than 15 years ago, nearly 12,000 companies worldwide have committed to adopting the sustainable and

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Non-financial reporting is the future of audit

Tidal waves of global growth, our heavy dependence on fossil fuels, and our constant need for innovation have led us to a world of inconsistencies and widening gaps between underdeveloped and developed countries. Our world is fracturing, and the fractures are growing bigger and bigger. In a report released in 2018 by Oxfam, 82% of the wealth

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GRI calls for business and governments to partner on SDGs

The chairman of the Global Reporting Initiative (GRI) had called for greater collaboration and cooperation between businesses and national governments in order to achieve the aims of the UN Sustainable Development Goals (SDGs). The GRI, one of the most recognisable standards for sustainability reporting, partnered with the Bombay Stock Exchange earlier this week to host