Tag archives for transparency - Page 12
Milo Djukanovic, one of the longest serving leaders in the Balkans, and even Europe, stepped down from his post as Prime Minister a few days before Christmas. A youngster when he took the job at age 29, he saw Montenegro through independence and during its baby steps towards European Union membership.
The SEC is looking for an “investor advocate,” which intuitively seems redundant since the SEC is supposed to advocate for investors large and small. Nevertheless, the new posting could have a role the helping small investors who face all kinds of problems when dealing with financial services and investment advisory firms.
Should municipalities disclose their carbon footprints? According to the Carbon Disclosure Project (CDP), such reporting is a no-brainer. CDP has already become the global carbon disclosure platform for multinationals and large corporations: 3000 of them reported their climate change related information in 2010, including 80% of the largest 500 companies in the world. That information in turn is sliced and diced by investors, stakeholders, and governments. Now CDP is focused on cities.
Ann Bernstein leads the Centre for Development and Enterprise in Johannesburg, South Africa. In her new book, The Case for Business in Developing Economies, she makes the case that the problem is not unethical corporations. Instead, she insists there are not enough businesses operating in countries like South Africa, which suffers from an unemployment rate that is anywhere from 24% to 33%.
Consumers now have an opportunity trace the source of Ghana's cocoa beans that go into some of their favorite indulgences. The technology firm Helveta has partnered with the cocoa supplier Armajaro to tag sacks of cocoa to ensure they are not coming from farms notorious for child labor or even slavery.
Released on Monday, Hershey's CSR report is a good first step. Compared to the CSR reports of other companies, it is heavy on platitudes and has a list of what they say they are going to do, rather than what they have done—but in fairness, much of that is the result of issuing a CSR report for the first time.
One sign of a maturing industry is that the Mafia start “investing” into the business. Tony Soprano, Don Corleone, nor any of the Goodfellas ever showed any interest in wind, but now renewable energy advocates have to deal with the headache, albeit a small one, with which the rest of the business world sometimes deals: Italian “eco Mafia” groups have found their way into the wind power industry.
Too often business is the bogeyman in the sustainability world. But CSR starts with those who preach it. Universities are huge employers and have a large presence in the communities in which they operate—and they should not be immune from transparency.
If government agencies are going to require industries and companies that they regulate to offer more disclosure, perhaps these agencies should issue reports so that their vendors, employees, and of course, the taxpayers, understand the impact these agencies are having in their communities?
The Global Reporting Initiative (GRI) is currently inviting stakeholders to give feedback on its Construction and Real Estate Sector Supplement (CRESS), which closes in one week on June 30.
The Global Reporting Initiative is pushing for integrated reporting, or as Michael Krzus, a partner at Grant Thornton, has coined, “one report.” The idea behind integrated reporting is that financial and non-financial disclosures will be intertwined into one report that can stakeholders, shareholders, and potential investors can read and vet.