CARROTS AND STICKS – PROMOTING ... - Global Reporting Initiative
CARROTS AND STICKS – PROMOTING ... - Global Reporting Initiative
CARROTS AND STICKS – PROMOTING ... - Global Reporting Initiative
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Country/Region Standards, Codes and Guidelines<br />
Denmark<br />
�<br />
which are included in the China Certified Public<br />
Accountant Practicing Standards. CAS3101 follows<br />
the ISAE3000 very closely in terms of principles and<br />
procedures. The main distinction is that CAS3101<br />
requires sign off by a certified practitioner of CICPA<br />
in addition to the firm’s seal while ISAE3000 requires<br />
only the name of the firm or practitioner to be stated<br />
on the assurance statement.<br />
http://www.mof.gov.cn/kjs/zhuantilanmu/<br />
kuaijizhuanzeshishi/zyzz/200806/t20080618_46293.<br />
html<br />
China Sustainability <strong>Reporting</strong> Verification Rules<br />
and Instructions (CSR<strong>–</strong>VRAI), 2008 issued by the<br />
China National Textile and Apparel Council. The rules<br />
and instructions provide the measuring principles<br />
and verification procedure for the quality of the CSR<br />
reports of the textile and apparel enterprises. It has<br />
become the standard of independent verification<br />
carried out by 3rd party assurance service providers,<br />
to assess whether the CSR reports have met the<br />
requirements of CSC9000T China Social Compliance<br />
for Textile & Apparel Industry Principles and<br />
Guidelines. http://www.csc9000.org.cn/PDF/2008_<br />
ConfirmationCriterion.pdf<br />
Mandatory standards<br />
The Green Accounts Act, 1995<br />
� requires certain<br />
listed companies to draw up green accounts and<br />
include a statement from the authorities. A draft for<br />
a new act has been prepared and might be worked<br />
from 2010. The approach in the new draft is that<br />
the number of mandatory green accounts should<br />
be reduced from around 1,000 to 700, some of the<br />
information should be given only every three years<br />
if the company has ISO 14001, and, some of the<br />
information required will be more aligned with EU<br />
requirements regarding statistical data on waste,<br />
emissions etc.<br />
The Danish Financial Statements Act, 2001<br />
�<br />
requires reporting on intellectual capital resources<br />
and environmental aspects in the management<br />
report if it is material to providing a true and fair<br />
view of the company’s financial position. The<br />
requirements for reporting on environment and<br />
Carrots and Sticks - Promoting Transparency and Sustainability<br />
39