Linking Environmental and Financial Impacts for Sustainability Management | Caelus Green Room   1 comment

Environmental Finance

Better reporting by companies will help avert systemic risks such as climate change and the banking crisis, according to Mervyn King.

The annual financial statement as we have known it is no longer fit for purpose,” the former South African Supreme Court judge told Environmental Finance, at the launch of a discussion paper on Integrated Reporting – a global initiative to improve corporate reporting.

 

The Integrated Reporting initiative will ask companies to reveal “more comprehensive and meaningful information” about themselves. In particular, it aims to demonstrate how a company’s financial performance is achieved in the social, environmental and economic context within which it operates.

Transparency about the impact of a company’s operations will not only help investors make better judgments, but help businesses perform better, King said.

via Linking Environmental and Financial Impacts for Sustainability Management | Caelus Green Room.

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Posted September 18, 2011 by arnoneumann in Corporate, Governance, Sustainability

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One response to “Linking Environmental and Financial Impacts for Sustainability Management | Caelus Green Room

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  1. Pingback: Linking Environmental and Financial Impacts for Sustainability Management | Caelus Green Room (via arnoneumann) « earth energy Solutions | eeS Group

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