CPA Australia is continuing its support of environmental, social and governance (ESG) reporting by Australian businesses.
A memorandum of understanding signed by CPA Australia and the Global Reporting Initiative (GRI) confirmed the Australian organisation’s support for the GRI’s Australian Focal Point until 2012.
The focal point gives the GRI a local presence in Australia to assist organisations in increasing the value of sustainability reporting. It will assist in harmonising the GRI with other initiatives such as the United Nations (UN) Global Compact and the UN Principles for Responsible Investment. The focal point is also intended to assist in connecting Australian organisations to the international reporting community.
With the support of the CPA Australia, the GRI also plans to further develop its regional network and create local ownership of the GRI’s framework in Australia.
CPA Australia has been a long term supporter of the GRI and in 2006 became an organisational stakeholder and voting member of the GRI. In 2008, the organisation produced its first GRI compliant sustainability report.
GRI chief executive Ernst Ligteringen said Australia is in the top five countries reporting against the GRI’s Framework.
“It’s important that we continue to support reporters in the area. The focal point will assist us in achieving this,” Ligteringen said.
CPA Australia chief executive Alex Malley said it makes sense for the institute to continue its support of the focal point because of its involvement in a number of discussions and technical developments arising out of the GRI’s transparency and sustainability conference held in May.