Global Compact International Yearbook 2014

macondogroup

Fighting poverty and global warming are key challenges for mankind. „This year we are laying the groundwork for success in 2015 on three fronts: achieving the Millennium Development Goals, adopting a meaningful new climate agreement, and establishing a new vision for a sustainable future“, UN Secretary-General Ban Ki-moon says in the 2014 edition of the Global Compact International Yearbook. Edited by macondo publishing the new yearbook offers insights to political as well as sustainability issues.

This years´ focus lies on the Post-2015 Agenda. We discuss the transition from Millennium Development Goals to Sustainable Development Goals. Question are among others: Are the concepts compatible? How does the architecture of a sustainable future look like? And above all: What role does corporate responsibility play in this context?

The second key aspect in our Post-2105 discussion is about measuring the SDGs. In the past indicators have been developed and used in reporting progress toward the MDGs, and now the approach to upcoming SDGs must be systematically developed. This section also includes lessons from innovation management and "big data".

Climate change is another focus of teh yearbook. It counts on very prominent authors like Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), and Sigmar Gabriel, Vice-Chancellor of the German government and Federal Minister for Economic Affairs and Energy.

Other issues are :

Traceability: How certification brings positive impacts and better traceability to business. Elaborated NGO inputs by Karin Kreider, the Executive Director of the ISEAL Alliance and one of the world’s leading experts on credible certification and eco-labeling, as well as Markus Arbenz, Executive Director of the International Federation of Organic Agriculture Movements (IFOAM) and Caroline Hickson, Director of Brand, Communications and Strategic Partnerships at Fairtrade International.

Mandatory CSR: When CSR discussions started in the late 1960s, early 1970s ethical and moral arguments were the drivers. Since then CSR activities have become more holistic and professional. This becomes a principle-based approach in which business seeks to identify smarter business models, products, and services. Elmer Lenzen illuminates the boder zone between voluntary and mandatory CSR.

SUSTAINABILITY

STANDARDS FOR

US CORPORATE

10-K REPORTING

Source: sasb.org

The Sustainability Accounting Standards Board (SASB) provides

sustainability accounting standards for use by publicly listed

corporations in the United States when disclosing material

sustainability issues for the benefit of investors and the public.

SASB standards are designed for disclosure in mandatory filings

to the Securities and Exchange Commission (SEC), such

as the 10-K and 20-F forms. SASB is an independent non-profit

organization and is accredited to set standards by the American

National Standards Institute (ANSI).

The need for SASB

The US financial accounting system, which requires transparent

disclosure of material issues to investors, plays a fundamental

role in making its markets the most efficient, liquid, and resilient

in the world. However, the construct for standardized

financial reporting to investors was developed at a time when

a company’s ability to create value was constrained largely by

the ability to access financial capital.

We live in a different world now, one that has greater uncertainty,

a broader range of risks and opportunities, and

significant resource constraints beyond access to capital.

A new standardized language is needed to articulate the material

non-financial risks and opportunities facing companies

today. These non-financial risks and opportunities that affect

corporations’ ability to create long-term value are characterized

as “sustainability” issues. Sustainability issues vary by

industry because they are closely aligned with business models,

the way companies compete, their use of resources, and their

impact on society.

For this reason, SASB is immersed in understanding, interpreting,

and measuring relevant sustainability issues at the

industry level in order that they can be measured, managed,

and disclosed.

What makes SASB different?

Existing sustainability reporting entities provide guidelines

or frameworks. They do not follow a standard process for determining

the materiality of issues within each industry, nor

do they provide industry-specific performance metrics. They

are not designed for concise nor integrated disclosure in 10-K

or 20-F forms, which are appropriate disclosure channels to

provide investors with a complete view of material financial

and sustainability information.

SASB’s sustainability accounting standards are the first that

truly enable comparisons of peer performance and benchmarking

within an industry. SASB’s unique focus on US public

equities, approaches to industry-specific issues, and disclosure

of minimum performance standards differentiates it from

existing sustainability frameworks.

Board of Directors

SASB’s Board of Directors is responsible for articulating and

upholding the vision, values, and mission of SASB. Among its

members are Michael R. Bloomberg (Founder of Bloomberg LP,

and the 108th Mayor of New York City), Dr. Bob Eccles (Professor

of Management Practice, Harvard Business School), Jack Ehnes

(CEO, CalSTRS), and Mary Schapiro (Former Chairman, SEC).

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Global Compact International Yearbook 2014

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