Bank of America
Announces First Year Results of 10-Year, $1.5 Trillion Community
Development Lending and Investing Goal
GRI announced its 2015 and 2020 goals and launches G3.1 public comment
at first day of Amsterdam Global Conference
During the Opening Plenary, GRI's Chief Executive Ernst Ligteringen
outlined two goals for the next decade. Firstly, GRI proposes that
environmental, social, and governance (ESG) reporting should become
a general practice to help markets and society take informed and
responsible decisions.
GRI advocates that by 2015 all
large and medium-sized companies in OECD countries and fast-growing
emerging economies should be required to report publicly on their
ESG performance, or if they don't, explain why. Secondly, GRI proposes
that ESG reporting and financial reporting need to converge over
the coming decade. GRI advocates that a standard for integrated
reporting should be defined, tested and adopted by 2020
Majority of firms will spend
more on climate change, Ernst & Young report says
Nearly half of the 300 corporate executives who responded to a survey
conducted for the accounting and consulting giant Ernst & Young
said their climate change investments will range from 0.5 percent
to more than 5 percent of revenues by 2012. While action to deal
with the effects of climate change used to be a matter of public
relations, it has now become an opportunity to make money through
new services and products, save money through enhanced efficiency
and limit risk, according to Melanie Steiner of Ernst & Young.
World Environment Center announces
call for nominations for 2011 Gold Medal Award for International
Corporate Achievement in Sustainable Development
The World Environment Center (WEC) is inviting nominations for the
27th WEC Gold Medal for International Corporate Achievement in Sustainable
Development. The WEC Gold Medal Award is the most prestigious recognition
of a global company's ongoing commitment to the field of sustainable
development. Global corporations that can document innovative, well
designed and implemented, and sustained contributions are eligible
to participate.
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