Leading business organisations are putting pressure on governments to commit to sustainability reporting, calling on global leaders to take concrete action at the Rio +20 Conference in Brazil. The Global Reporting Initiative (GRI), the World Business Council for Sustainable Development (WBCSD) and the Brazilian Business Council for Sustainable Development (CEBDS) also called on UN Secretary General Ban Ki-Moon to develop a process and a timeframe to establish a global policy framework and make sustainability reporting standard practice.
“At the 2002 Johannesburg conference, this practice was commended; the opportunity in Rio is to adopt policy to make this standard practice,” GRI chief executive Ernst Ligteringen said.
WBCSD president Peter Bakker said sustainability reporting is a strategic tool for companies big and small, as “what gets measured gets managed”.
CEBDS president Marina Grossi said mandatory reporting will trigger a strong multiplying process.
“Also, ‘Report or Explain’ presents an extra layer of accountability to those stakeholders and easiness to companies to adapt to this new scenario,” Grossi concluded.
GRI produces a comprehensive sustainability reporting framework that is widely used around the world. WBCSD is the leading organisation on sustainable development in business, and CEBDS is the Brazilian branch of the WBCSD network.