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

34 Carrots and Sticks - Promoting Transparency and Sustainability
Country/Region Standards, Codes and Guidelines
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establish an environmental information disclosure
system. Public disclosure of government
environmental information should include among
other things a list of corporations that breach national
or local environmental pollution standards or have
had serious environmental pollution incidents or that
refuse to comply with the regulations. Corporations
are encouraged to voluntarily disclose the following:
environmental protection guidelines, annual targets
and results, annual resource utilisation, environmental
investment and description of environmental
technologies, pollution levels, density, types,
and disposal method, environmental protection
construction and operating status, waste generation,
voluntary environmental agreements with the
agencies, and implementation status of corporate
social responsibility. Environmental agencies
will in turn give compliant companies incentives
such as public commendation, priority for specific
environmental grants (according to regulations),
and for cleaner production demonstration projects
or other grants for demonstration pilots/projects
(according to regulations). If the corporation has been
listed (as outlined above) they must also provide the
corporations name, address and legal representation,
primary pollutants name, production method, density,
volume, excess amount, corporate environmental
protection facilities construction and operating status
and strategic plan to react to environmental pollution
incidents. Also, they must disclose within 30 days
their environmental information in local media, and
register it with local environmental agencies. These
corporations are also liable for up to RMB 100,000
(US$ 13,020) in fines and public announcement of
this. www.sepa.gov.cn
Guidelines on Environmental Information
Disclosure by Companies Listed on the Shanghai
Stock Exchange, 2008. These guidelines were
issued by the Shanghai Stock Exchange. The
Guidelines encourage listed companies to disclose
the following environmental information either as part
of their CSR report or in a separate report: company
environmental protection policy, annual environmental
protection objective and effect; annual total energy