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Global push for "report or explain" on ESG

RACHEL ALEMBAKIS  |  THURSDAY, 21 APR 2011  |  NEWS
A coalition of Australian and international sustainability organizations is calling on market regulators around the world to apply "if-not-why-not" policies for corporate sustainability reporting. The Global Reporting Initiative (GRI) has launched the ...

Integrated reporting - should ASX follow in South Africa's footsteps?

RACHEL ALEMBAKIS  |  FRIDAY, 15 APR 2011  |  NEWS
Companies listed on Johannesburg Stock Exchange (JSE) are now responsible for producing an integrated financial report that recognizes their impact on the environment and society and related reputational issues, or explaining why they are not reporting ...

Nominations open for GRI's Stakeholder Council

RACHEL ALEMBAKIS  |  FRIDAY, 15 APR 2011  |  NEWS
The Global Reporting Initiative is calling for nominations for member to the 2012-2014 Stakeholder Council, its policy forum. There are 50 members to the Stakeholder Council, drawn from business, mediating institutions, and civil society organisations ...

GRI releases new standards for sustainability reporting

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2011  |  NEWS
Global Reporting Initiative (GRI ) has updated its sustainability guidance to enhance reporting of operations impacting on human rights, gender and community. The new version, 3.1, is touted as improvements that strengthen expansiveness of reporting ...

UN PRI rolls out mandatory fees, expanded agenda

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2011  |  NEWS
Signatories to the United Nations Principles for Responsible Investment (PRI) will have to pay an annual fee to the secretariat from this month as the organisation embarks on a plan to increase its presence in markets around the world and provide guidance ...

Sustainability reporting: the drive towards integration

RACHEL ALEMBAKIS  |  THURSDAY, 24 MAR 2011  |  NEWS
Chi Woo, KPMG There is growing acceptance that Australian companies should report ESG factors to their shareholders, and a call by stakeholders for greater depth and clarity in the information reported. Sustainability reporting has been hampered by ...

Government introduces carbon emission pricing plan

RACHEL ALEMBAKIS  |  FRIDAY, 25 FEB 2011  |  NEWS
Prime Minister Julia Gillard The government has introduced legislation that will start pricing carbon emissions from July 2012. The two-stage plan, negotiated with the Green Party, will begin with a fixed price for three to five years and then transition ...