The Global Reporting
Initiative (GRI) has appointed former ABN AMRO senior executive
vice president Herman Mulder as its new chairman.

Mulder succeeds Mervyn
King who became chairman of the International Integrated Reporting
Committee in October. King, the GRI chair for five years, has
become an honorary chairman of GRI.

The GRI said Mulder is a
leader in ‘green’ financing and sustainability. As an independent
board member he will focus on sustainability reporting

Mulder is a board member
of the Dutch National Contact Point of the OECD Guidelines for
Multinational Enterprises. He is also a former senior executive
vice-president at ABN AMRO.

“One of the lessons of
the financial crisis is that we need much better transparency on
more risks and opportunities,” Mulder said.

“This is a global
imperative. Governments, stock exchanges and investors should adopt
a report or explain approach to policy, encouraging more
organizations to report their performance. Notwithstanding recent
significant progress in sustainability reporting using GRI’s
Guidelines, many more companies should adopt advanced disclosure
practices, addressing risks, opportunities, dependencies and
impacts in their entire value chain. Moreover, investors should
recognise that such disclosure is essential for them too: ‘use or

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Anita Normark has been
appointed GRI vice chairman. Normark was general secretary of
Building and Wood Workers International from 2001 to 2009 and
previously served as general secretary of the Nordic Federation of
Building and Woodworkers for 15 years.