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New ASX guidelines to force sustainability reporting

By Kylar Loussikian, The Conversation Publicly listed companies will need to disclose exposure to economic, environmental and social sustainability risks for the first time under new corporate governance guidelines released today. The principles, issued by the ASX Corporate Governance Council, are the first since the global financial crisis. Companies have previously not been required to disclose non-financial risk. Sara Bice, a research fellow at the Melbourne School of Government, said the changes were a “big move”, particularly in the absence of government regulation. She said the changes fits with the new guidelines’ increased focus on transparency and disclosure. “These are …

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Integrated reporting “the next step”

FSinsight editor Jeroen Derwall, Assistant Professor at the Tilburg Center for Sustainability and at Maastricht University, talks about the upward trend that more companies are reporting on their sustainability practices. However, the quality of the reporting differs. He calls integrated reporting “the next step.”

ACSI ready to name and shame Half of listed companies provide no ESG disclosure

By Tony Featherstone: The Investor Daily More than half of Australia’s largest listed companies do not provide meaningful sustainability disclosure around environmental, social and governance risks. The sustainability reporting debate has gone up several notches, with the Australian Council of Superannuation Investors (ACSI) warning it might publicly name listed companies that ignore calls from the investment community for better disclosure in this area. ACSI, which represents about 40 industry funds with a total of more than $300 billion in funds under management, this month released its fifth annual analysis of sustainability reporting practices and disclosure of companies in the S&P/ASX …

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From the Forests to the Consumer Australia has the most credible Standards for Sustainable Forest Management and Chain of Custody certification.

Do you ever look at your dining table and wonder where it came from? What about your box of tissues, your timber floorboards or child’s toy train? Certification of Forests is the first link in the Chain of Custody (CoC), Sustainable and responsible forestry management involves every step taken to produce wood and wood products, whether that is building materials, office paper, toilet paper, packaging, furniture or other consumer goods. It covers the range of factors involved in the environmental impact of materials including how they are produced, processed, manufactured, transported, distributed and transformed. Environmentally aware consumers are increasingly asking …

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Integrated Reporting – The next step in TBL Accountability

The impacts of environmental, social and governance (ESG) issues on an organisation’s bottom line are intuitively well understood. Consider the negative impacts of the Deepwater oil spill in the Gulf of Mexico on BP’s bottom line, or the positive impact of General Electric’s environmentally driven business strategy – ecomagination. The idea therefore that sustainability issues should be fully integrated into business strategy and reflected in an organisation’s performance reporting seems obvious. Leading companies are beginning to transform their business strategies and performance reporting in order to meet their stakeholders’ increasing expectations for information that provides a holistic representation of their …

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