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

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32 Carrots and Sticks - Promoting Transparency and Sustainability Country/Region Standards, Codes and Guidelines Securities Commission, through their review released 17 February 2007, stated that the Commission will increase its focus on the adequacy of this disclosure in future reviews and encourages public issuers to improve their disclosure by increasing the specificity of any environmental risks likely to affect the issuer. � The Bank Act, 1991 requires banks and other financial institutions with equity of CDN$1 billion or more to publish an annual statement describing their contributions to the Canadian economy and society. � The Canadian Environmental Protection Act, 1999 requires companies meeting specific published reporting requirements to provide information on certain pollutant emissions for inclusion in the National Pollutant Release Inventory (NPRI). In addition to this and under the same Act, in March 2004 the Government of Canada announced the GHG Emissions Reporting Program which requires Canadian Large Emitters to report GHG emissions. http://laws.justice.gc.ca/en/C-15.31/ Voluntary standards Canadian Standards Association (CSA) � GHG Registries, GHG CleanStart (2008), GHG CleanProjects (2007), GHG Challenge, GHG Reductions. The CSA’s GHG registries have been created to assist companies to manage, measure and report GHG emissions, reductions and removals. The distinct registries focus on specific types of approaches to combating climate change such as the GHG CleanStart registry which aims to showcase companies’ carbon neutral commitments and actions, and the GHG CleanProjects registry which quantifies emission-reducing projects. http://csa. carbonperformance.org/index.asp?mode=registries Building the Canadian Advantage: A Corporate � Social Responsibility (CSR) Strategy for the Canadian International Extractive Sector, March 2009. The Government of Canada promotes the Global Reporting Initiative (GRI) for CSR reporting by the extractive sector to enhance transparency and encourage market-based rewards for good CSR performance.
Country/Region Standards, Codes and Guidelines Chile China http://www.international.gc.ca/trade-agreementsaccords-commerciaux/ds/csr-strategy-rse-stategie. aspx Voluntary standards Guide for Preparing Sustainability Reports, 2003 AccionRSE. The guide is aimed at organisations of any size or sector. It explains what sustainability reporting is and its importance, suggests the steps that have to be taken in the sustainability reporting process, and provides tools that may be useful to support the reporting process, such as benchmarking and diagnostic tools. It includes references to other guidelines (GRI in particular). The guideline was originally published in 2003 and was re-issued in June 2007. http://www.accionrse.cl/app01/home/pdf/ documentos/Guia_Reportes_Sustentabilidad.pdf � The economic dimension – social sustainability reports: towards basic quarterly financial statements, 2006 Luis Perera Aldama. It presents a model that can be used by organisations of any size or sector. It shows the contribution of the organisation to different stakeholder groups (Government, Employees, Communities, etc). The model works by obtaining the information directly from the financial statements, and “re-stating” the information, thus presenting the social and environmental approach, in a way that the financial (and non-financial) world can easily read and interpret. The guideline has already been used by different organisations, not only in Chile but in the Latin American region. It should be noted that it is perfectly compatible with the GRI guidelines, as it is usually included in the economic performance section of a report, and not in replacement of GRI guidelines. Mandatory Standards � Environmental Information Disclosure Act, 2007 (effective 1st May 2008) issued by the State Environmental Protection Administration of China. Corporations should disclose environmental information according to regulatory requirements. Environmental agencies are also encouraged to Carrots and Sticks - Promoting Transparency and Sustainability 33
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 and 26: Country/Region Standards, Codes and
Page 33: Country/Region Standards, Codes and
Page 77 and 78: 5. Country profiles Carrots and Sti
Page 79 and 80: In June 1997 Herbert De Souza, Beti
Page 81 and 82: well as a list of companies that vi
Page 83 and 84: market-based instruments. A small p
Page 85 and 86:
Figure 1: Issues addressed in susta
Page 87 and 88:
Stock Exchange (Brazil) and the Joh
Page 89 and 90:
Annex 1 1. Carrots and Sticks - Pro
Page 91 and 92:
Power’ Options: How Governments C
Page 93 and 94:
An external Advisory Committee cons
Page 95 and 96:
Production Printing process: Printe
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CARROTS AND STICKS – PROMOTING ... - Global Reporting Initiative

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