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Stakeholder collaboration will help companies and society thrive
Sustainability reporting standards are in the long-term interests of business and society
World Economy News
24 May 2021 • 3 min read
The plight of companies in 2021 has been to contend with two difficulties. At the start of the coronavirus pandemic last year, some economies were already in a weak state. But the restrictions since imposed by governments to stop the spread of the virus have only made matters worse.
In the early stages of the pandemic, I coined the term “coronanomics”, to reflect how the economic and health crises were intertwined. Companies have been in survival mode and boards of directors around the world are only thinking short term about how to avoid the liquidation of their businesses.
ArcelorMittal publishes 2020 integrated annual review padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
A warming climate for disclosure-related litigation
Australia is the second-most active place for climate litigation after the US, which should ring alarm bells for company boards.
Will Heath, Daisy Mallett and Emma Newnham
May 24, 2021 – 12.00am
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At its annual general meeting in May, Rio Tinto’s board supported two shareholder-requisitioned climate change-related resolutions, in an Australian first. Each resolution passed with 99 per cent support.
Other major ASX-listed entities have also committed to putting their climate reporting to a non-binding vote at their 2022 AGMs.
Driving this momentum are initiatives like the Say on Climate campaign. It seeks to compel listed companies to adopt climate targets, transition plans and rolling status reporting through AGM agitation.
Integrated and innovated: What s next for the sustainability report?
Against a backdrop of changing environmental science and disclosure legislation, compounded by changing public sentiment, the corporate sustainability conversation is evolving rapidly. After strings of new social and environmental targets were set over the past 12 months, many firms are also evolving ways of reporting progress.
With the sustainability conversation evolving rapidly, what does a modern document, produced in line with best practice, look like?
When edie launched in the 1990s, sustainability or CSR departments at businesses were often siloed and tasked only with delivering ‘add-on’ projects – usually centring around philanthropy in communities and supply chains rather than managing issues like energy and waste in-house.
Suzano 2020 Report: Renewing Life Inspired by Trees
Published 6 hours ago
Summary
The year of 2020 was challenging for every company worldwide. Suzano’s Annual Report, a Brazilian company and a global reference in developing sustainable and innovative solutions from renewable sources, shares how the organization was able to deal with this uncertain moment, caused by the Covid-19 pandemic, being able to simultaneously keep the business up and running, its employees and families safe, and helping the Brazilian authorities to minimize the impacts of this urgent matter.
The content of the report considers the most relevant topics for the business and our stakeholders, in line with the commitments assumed until 2030. For the first time, Suzano presents the progress in performance of each of the long-term goals.