UN suggests new guidelines for corporate reporting on environment & labour
06 Oct '06
2 min read
“The idea of a sustainability report is still a novelty in many parts of the world,” Mr. Steiner said.
“We still have some basic, foundational work to do in introducing to thousands of large companies the value of systematically quantifying non-financial performance, using it as a management tool and communicating about it publicly.”
The new guidelines, introduced at the Global Reporting Initiative (GRI) Sustainability Reporting Conference, make reporting simpler and include requirements to describe management approaches and progress.
Their online format is aimed to make reported information more easily comparable for investors and financial analysts.
“Accountability and transparency are vital ingredients for gaining public confidence and a societal 'license to operate'”, Mr. Steiner said.
“From the global to the local, agreed frameworks for reporting are the basis upon which we build in moving closer to achieving these objectives. The GRI has played a leading role in helping all of us in addressing this challenge.”
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