ESG

Financial Body Develops Task Force on Climate Reporting

January 13, 2016

An article from the Centre for International Governance Innovation ("CIGI") explores what a Climate Disclosure Task Force created by the Financial Stability Board, an international body that makes recommendations regarding the global financial system, should do to improve accountability of businesses for their actions on the UN sustainability agenda.
Companies Struggle to Comply with India CSR Law

January 13, 2016

Amritha Pillay writes that 32 of the 50 top-listed Indian companies failed to comply with a national law mandating a certain proportion of spending on corporate social responsibility ("CSR") initiatives, as many of these companies reported that it was difficult to find a project on which to spend the money.
UK Activists Call on Companies to Report Climate Risks

January 06, 2016

The Independent reports that, in light of the UN agreement on climate change reached in Paris in December 2015, a group of nongovernmental organizations and pension funds in the UK are calling for energy and other companies to do more to disclose to investors the potential risks to their profits and operations caused by government policies countering global warming.
Businesses Offer Advice on Corporate Global-Warming Policies

January 06, 2016

Aman Singh, a vice president of communications and marketing firm Edelman, highlights how consultancies and similar firms are capitalizing on developments such as the recent UN climate deal by advising companies to implement often-complex and costly changes in their operations to make way for the "inevitability" of global warming and responsive measures.
UN Global Compact Pushes Reporting Measures at G20

January 04, 2016

At a recent meeting of the G20 group of countries in Istanbul, Turkey, Chairman of the UN Global Compact organization in Turkey Dr. Yilmaz Argüden called on G20 leaders to create laws and regulations requiring corporate reporting on the implementation of "principled business practices" and the furthering of the UN's sustainable development agenda.
ISO Revises Organizational Standards on Climate Change

December 30, 2015

The International Organization for Standardization ("ISO") has announced that, following the recent UN climate-change pact agreed in Paris, it will revise accordingly its standards on "measuring, reporting and verifying greenhouse gas emissions" for corporations and other organizations.
Report Highlights Corporate Climate Pledges by Industry

December 30, 2015

Website GreenBiz has produced a "cheat sheet," set out by industry, illustrating pledges that companies, increasingly facing pressure to deal with climate change in their operations and their supply chains, made to reduce their contributions to global warming during the recent talks leading to a global climate pact in Paris.
Report Pushes Standards on Forced Labor in Supply Chains

December 30, 2015

A report from nongovernmental organizations and an investment firm calls for companies to implement a number of high standards, including reporting requirements and pressure on suppliers, in order to avoid legal risks caused by forced labor and human trafficking in corporate supply chains.
GRI Furthers US Corporate Reporting Through Roundtables

December 29, 2015

The Global Reporting Initiative ("GRI") is pushing reporting on the implementation of the UN's "sustainability" agenda by US businesses by establishing a "GOLD Roundtables Program" comprised of meetings in Atlanta and San Francisco among business leaders who will learn GRI's reporting techniques.
UN Calls for "Mainstreaming" Climate Principles in Finance

December 28, 2015

The UN's World Bank has announced that twenty-six financial institutions from around the world have signed on to a set of principles that push the finance industry to "mainstream" climate action in their operations, including by "accounting" for the actions these institutions take to counter climate change.