In this post Elaine writes about this just released comprehensive review by the Global Reporting Initiative (GRI) of what it has been doing between July 2009 and June 2010. It covers such topics and events as the well attended third GRI conference in Amsterdam in May 2010where the GRI announced its goal that large and medium sized companies should by 2015 be required to report on their Environmental, Social and Governance (ESG) performance. It goes on to cover in greater detail the various specifics that are included in this GRI review.
Often green washing is not an outright attempt to be deceptive, but rather stems from failing to consider environmental impact measures with the same robust attention as is usually given to more established and familiar measures of business performance.
Sustainability analyst, Madeline Ravich compares SRI and ESG company rankings to Fortune Magazine’s Best Places to Work to determine whether the most socially responsible companies attract the best employees. What do you think? Take the poll and post your comments.
Ceres has released the ﬁrst comprehensive assessment and ranking of water disclosure practices of 100 publicly-traded companies in eight key sectors exposed to water-related risks: beverage, chemicals, electric power, food, homebuilding, mining, oil and gas, and semiconductors. The report highlights best practices, key gaps and trends in water reporting and lays out a set of recommendations for companies and investors.
Institutional investors may have a fiduciary duty to consider environmental, social, and governance (ESG) factors, according to a new study from the United Nations Environment Programme Finance Initiative (UNEP FI). In reporting on “Fiduciary Responsibility,” Social Funds’ Robert Kropp expressed the uncertainty that still surrounds the question of ESG-related fiduciary responsibilities.