Investor led coalition calls for UN declaration requiring companies to integrate material sustainability issues into reporting
A coalition of institutions led by Aviva Investors, will today call on United Nations’ member states to develop a global policy framework that requires listed and large private companies to integrate sustainability information throughout their annual report and accounts – or explain why they are unable to do so.
Paul Abberley, chief executive of Aviva Investors London, will announce the “call to action” at today’s United Nations Private Sector Forum on Sustainable Energy for All, which is held in conjunction with the 66th Session of the UN General Assembly.
On behalf of the Corporate Sustainability Reporting Coalition Paul will ask the UN member states to adopt a binding international commitment to develop a national policy, which requires the disclosure of sustainability information. The coalition is calling on the UN member states to adopt the global policy framework at the United Nations Conference on Sustainable Development, the 2012 Earth Summit, which is taking place in Rio de Janeiro, in June 2012.
The coalition believes that the international policy framework should adhere to two overriding key principles:
The coalition represents financial institutions, professional bodies, NGOs and investors with assets under management amounting to a Global AUM of US$1.6 trillion. It currently includes organisations such as the Association of Chartered Certified Accountants, CA Cheuvreux, Generation Investment, Global Reporting Initiative and Hermes.
Original article published at uncsd2012.org