Yakub02
Banned
Voluntary guidelines for the content of social and environmental reports
The information provided does not have to be audited, but most organisations will request some kind of audit on the information before it is published to enhance its credibility.
Even so, since the content of these voluntary reports is not regulated and not audited, companies can include whatever they choose (the ‘good news’) and omit whatever they do not want in the report (the bad news).
For this reason, voluntary environmental reports have been treated with some caution by readers. Although there are no international standards on CSR reporting, there is a strong trend towards the provision of more information, on a statutory or a voluntary basis, and this trend in Corporate Reporting can be expected to continue in the future.
UN Global Compact There has been a significant increase in the demand by major institutional investors for companies in which they invest to pursue social and environmental policies. One such initiative was launched by the United Nations, with the support of 32 major international institutional investors.
The UN Global Compact issued the Principles for Responsible Investment. The ten principles are intended to encourage institutional investors to give attention to environmental, social and corporate governance issues when making their investment decisions.
The information provided does not have to be audited, but most organisations will request some kind of audit on the information before it is published to enhance its credibility.
Even so, since the content of these voluntary reports is not regulated and not audited, companies can include whatever they choose (the ‘good news’) and omit whatever they do not want in the report (the bad news).
For this reason, voluntary environmental reports have been treated with some caution by readers. Although there are no international standards on CSR reporting, there is a strong trend towards the provision of more information, on a statutory or a voluntary basis, and this trend in Corporate Reporting can be expected to continue in the future.
UN Global Compact There has been a significant increase in the demand by major institutional investors for companies in which they invest to pursue social and environmental policies. One such initiative was launched by the United Nations, with the support of 32 major international institutional investors.
The UN Global Compact issued the Principles for Responsible Investment. The ten principles are intended to encourage institutional investors to give attention to environmental, social and corporate governance issues when making their investment decisions.
