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

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64 Carrots and Sticks - Promoting Transparency and Sustainability Country/Region Standards, Codes and Guidelines South Korea Spain require reporting on sustainability issues. This has driven tabulated reporting on sustainability indicators in many parastatals. The role of the shareholder, being the government of South Africa, is to ensure that state-owned enterprises are efficient, well run and in a position to deliver on government’s mandate. Voluntary standards � Environmental <strong>Reporting</strong> Guidelines, 2004 were addressed by the Ministry of the Environment. They developed Environmental Risk Evaluation guidelines, Environmental Performance Evaluation guidelines, and Environmental Accounting guidelines. � Sustainability management (SM) report guidelines, 2006 reflecting domestic conditions were addressed by the Ministry of Knowledge Economy. With regard to Corporate Social Responsibility in Korea, the Korean government has adopted “sustainability management (SM)” as a legal term. Korea adopted SM later than the United States and Europe and there is an insufficient number of sustainability reports published (around 150 as of April 2009). However, some Korean companies such as Samsung electronics, LG, POSCO, Hyundai Motors, etc., have developed a strategic approach to CSR. Mandatory standards The � Resolution of 25 March 2002 of the Institute of Auditing and Accounting states that organisations are obliged to include environmental assets, provisions, investments and expenses in their financial statements. In addition, the � National Accounting Plan, 2007 for the Electricity Sector specifies environmental issues in more detail. The Spanish Inventory System (SEI) for air quality and protection of the atmosphere contains accumulated greenhouse gas emissions (GHG) and other atmospheric contaminants. It is the official inventory used to track air pollution and is used to comply with Spain’s reporting requirements derived from international conventions on climate change (Kyoto Protocol), in Geneva (regarding
Country/Region Standards, Codes and Guidelines long-distance pollution) and the European Union. The main sectors involved are the energy sector, manufacturing, construction, transport and waste treatment and elimination. � The PSOE’s commitment towards a Social Responsibility Report for public agencies, expected by 2012. The Spanish Socialist Party (PSOE), the party currently in power in Spain, included as part of its election manifesto the requirement that all public agencies present a Social Responsibility Report, establishing the main guidelines and sustainability recommendations for the public sector. www.psoe.es � Public Agencies Transparency Royal Decree, 2009 approved by the Spanish government. All Spanish public agencies are obliged to publish their annual balance sheets, the composition of their governing bodies and their ethics or good practice codes online. The Decree is currently pending official publication. www.meh.es � Draft Sustainable Economy Law, 2009 (Anteproyecto de Ley de Economía Sostenible). Pursuant to article 36 public enterprises will have to adjust their strategic plans within one year of the law being enforced in order to submit annual reports on corporate governance and sustainability reports in accordance with commonly accepted standards. Furthermore, it is suggested that the government will make available a set of characteristics and indicators for self-evaluation in social responsibility, in accordance with international standards (article 40 of the draft law). http://www.meh.es/Documentacion/Publico/ PortalVarios/Gestión%20del%20Portal/ Anteproyecto%20de%20ley%20de%20 economía%20sostenible,%208%20enero,%20 rev1.pdf http://www.meh.es/en-GB/Paginas/Home. aspx[I1] Voluntary standards RSE.COOP <strong>Reporting</strong> Guidelines Programme, � 2006 created by the Spanish Enterprise Confederation of the Social Economy (CEPES) and different federations of co-operatives. It has established a tool focused on co-operatives. This Carrots and Sticks - Promoting Transparency and Sustainability 65
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CARROTS AND STICKS - PROMOTING TRAN
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Contents Forewords 2 1 Executive Su
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Core environmental issues today - c
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in its regulatory role, to ensure a
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of the comprehensive “corporate s
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There is a large variety of regulat
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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 65: 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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