As global capital markets, investors and policy makers are increasingly focused on environmental, social and governance (ESG) information, the Global Reporting Initiative (GRI) has made two senior hires to help meet the needs of these stakeholders.
Siobhan Cleary joins in the newly created role o director of capital markets engagement, effective 1 May. Cleary will have the responsibility of driving adoption of the GRI Standards by capital market actors – including regulators, stock markets, investors and analysts. She will reinforce the significance of ESG disclosure in capital markets while working to align the practice with investor needs.
She is a non-executive director of the Johannesburg Stock Exchange and most recently was Head of Research & Public Policy at the World Federation of Exchanges.
Commenting on her appointment, Cleary said: “When it comes to ESG disclosure standards, users are recognising the importance of understanding not just the impact ESG factors have on businesses, but also on the impact businesses have on the society and environment in which they operate.?I look forward to working with capital market participants to enrich their engagement?with GRI, as the sustainability?agenda continues to grow in markets around the world."
Thijs Reuten has been appointed as head of policy, effective 1 April. In this role Reuten will lead work to enable policy alignment to the GRI Standards by international organisations (such as UN agencies, the OECD and G20) and national governments.
Reuten said: “The challenges facing the global community, as articulated through the Sustainable Development Goals and climate crisis – and heightened by the ongoing coronavirus pandemic – makes the mission of GRI more important than ever. That’s why I am taking on this role working with policy makers and governments, to help them realize the role of sustainability reporting in contributing towards global solutions.”
Commenting on the appointments, GRI CEO Tim Mohin said: “At a time when we are increasingly aware of how fragile our society, environment and even human life itself is, it’s all the more crucial that organisations take seriously their responsibilities to people and the planet.
“At GRI, we strive to unlock the corporate transparency needed to effect change. So, I am delighted to be welcoming Siobhan and Thijs, to help us strengthen the position of the GRI Standards, within capital markets and in policy, as the global common language for reporting sustainability impacts.”