CARROTS AND STICKS – PROMOTING ... - Global Reporting Initiative

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24 Carrots and Sticks - Promoting Transparency and Sustainability 4.3 Country Country/Region Standards, Codes and Guidelines North America Australia indicators. It states that organisations should make periodic environmental statements publicly available, and in order to ensure relevance and comparability of the information, reporting on the organisations’ environmental performance should be on the basis of generic and sectorspecific performance indicators. http://ec.europa.eu/ environment/emas/index_en.htm Voluntary standards � The Climate Registry, 2007 is a non-profit collaboration among North American states, provinces, territories and Native Sovereign Nations that sets consistent and transparent standards to calculate, verify and publicly report greenhouse gas (GHG) emissions into a single registry. The Registry supports both voluntary and mandatory reporting programmes and provides comprehensive, accurate data to reduce GHG emissions. http://theclimateregistry.org � The Western Climate Initiative (WCI), 2007. The WCI is a North American initiative made up of US states, Canadian provinces, Mexican states, and tribes who work collaboratively to combat climate change. WCI partners are currently developing a joint strategy to reduce regional greenhouse gas emissions in order to achieve the regional reduction goal of 15% below 2005 emissions by 2020. As part of this strategy, the WCI have developed a cap-and-trade programme that will begin in January 2012. On 15 July 2009 the WCI issued the final version of the first group of Essential Requirements for Mandatory Reporting (ERMR). www.westernclimateinitiative.org Mandatory standards � Corporations Act, 2001 requires companies that prepare a director’s report to provide details of the entity’s performance in relation to environmental regulations. On 1 July 2004 the Corporate Law Economic Reform Program (Audit Reform & Corporate Disclosure) Bill 2003 (CLERP 9), extended this to the operations and financial position of the entity and its business strategies and prospects (Section 99A [1]). In 2005 both the parliamentary Joint Committee on Corporations and Financial Services (PJC) and Corporations and Markets Advisory Committee (CAMAC) undertook
Country/Region Standards, Codes and Guidelines enquiries into CSR and the desirability of mandatory requirements for companies to report on the social and environmental impact of their activities. CAMAC has produced a detailed CSR discussion paper (November 2005) with an overview of regulatory requirements. www.comlaw.gov.au Financial Services Reform Act, 2001 � was promulgated in March 2002 and requires fund managers and financial product providers to state “the extent to which labour standards or environmental, social or ethical considerations are taken into account in the selection, retention or realisation of the investment.” http://www.comlaw.gov.au Energy Efficiency Opportunities Act, 2006 � (with an amendment in 2007) aims to improve the identification and evaluation of energy efficiency opportunities by large energy using businesses and, as a result, to encourage implementation of cost effective energy efficiency opportunities. In order to achieve its aim the Act requires large energy-using businesses to: 1) undertake an assessment of their energy efficiency opportunities, and 2) report publicly on the outcomes of that assessment. The Act outlines the broad requirements for large energy-using businesses, and allows for regulations to provide detailed requirements for assessment, reporting, verification and other elements of the programme. www.energyefficiencyopportunities.gov.au National Pollutant Inventory, 1998 � requires industrial companies to report emissions and inventories for specific substances and fuel to regulatory authorities for inclusion in a public database. The Department of the Environment, Water, Heritage and the Arts (DEWHA) is working in partnership with state and territory governments to improve the NPI. Changes will be implemented over the next 2–3 years. As a basis for the enhancements, the NPI has undertaken consultation with a diverse range of stakeholders from around Australia. Consultation will be ongoing and stakeholders will continue to be involved, for example through testing elements of the enhancements. http://www.npi.gov.au/ ASIC Section 1013DA Disclosure Guidelines, � 2003 issued by the Australian Securities and Carrots and Sticks - Promoting Transparency and Sustainability 25
Page 1 and 2: CARROTS AND STICKS - PROMOTING TRAN
Page 3 and 4: Contents Forewords 2 1 Executive Su
Page 5 and 6: Core environmental issues today - c
Page 7 and 8: in its regulatory role, to ensure a
Page 9 and 10: of the comprehensive “corporate s
Page 11 and 12: There is a large variety of regulat
Page 13 and 14: of the GRI sector supplements as we
Page 15 and 16: “The vision of the Danish Governm
Page 17 and 18: Emerging trends at the global level
Page 19 and 20: assurance standards are evolving wh
Page 21 and 22: Standards, Codes and Guidelines con
Page 23 and 24: Standards, Codes and Guidelines Eco
Page 25: Country/Region Standards, Codes and
Page 29 and 30: Country/Region Standards, Codes and
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5. Country profiles Carrots and Sti
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In June 1997 Herbert De Souza, Beti
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well as a list of companies that vi
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market-based instruments. A small p
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Figure 1: Issues addressed in susta
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Stock Exchange (Brazil) and the Joh
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Annex 1 1. Carrots and Sticks - Pro
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Power’ Options: How Governments C
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An external Advisory Committee cons
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Production Printing process: Printe
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