By Ruth Sullivan
Financial Times, April 24 2011
Sustainability experts have called on global regulators to ask companies to report on their sustainable policy and performance, disclosing results in a similar way to financial reporting.
“A ‘report or explain’ approach could persuade more companies to report rather than explain why they don’t,” said Teresa Fogelberg, deputy chief executive of the Global Reporting Initiative (GRI).
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About 4,000 global companies report their sustainability performance, using reporting guidelines recently updated by the GRI.
These focus on 79 issues including consulting stakeholders on important topics, human rights, the impact on local communities and gender matters.