Leading investors and businesses agree statement on sustainability at Ceres 2011
Today’s Ceres conference in Oakland, California – a roundtable convened by pension service Calpers – has produced an agreement between some leading investors and corporate businesses in the world, which commits them to developing and accelerating solutions and accountability that make sustainability a core foundation of 21st Century global economy.
Paul Druckman, partner at Fronesys, who delivered a talk at the conference on Sustainability Reporting – The Next Frontier, reports that the group of investors and businesses have committed to take the following actions:
- Asset owners to integrate sustainability factors across all assets classes and require assets managers to account for these factors;
- Assets managers to offer more products that address these issues and for asset owners to increase their investments in such products; and
- Businesses to provide comparable quantitive and qualitative material information on sustainability risks, opportunities and performance that can be used by investors.
The companies that signed this statement include AFL-CIO, Calpers, Calsters, Generation Investment Management, Jones Lang LaSalle, Levi Strauss, Pacific Gas & Electric, SAP, and Skoll Foundation.
Keep an eye out for a more detailed view of what this announcement means.
MORE FROM INSIGHTS
Fronesys founders played influential roles in the development of the integrated reporting movement, a corporate reporting mechanism that now has around two thousand listed companies as its adopters, and which is now part of the mainstream of corporate reporting. So, perhaps, now is as good a time as any for Jyoti Banerjee to look back and assess the outcomes and impacts, as well as the what-might-have-beens, of this new form of corporate reporting.
Oxford University Press has just released a new chapter from the forthcoming Oxford Handbook of Food, Water and Society: Integrating Multi-Capital Thinking in Business Decisions. The new chapter, contributed by Fronesys partner Jyoti Banerjee, explores how we need to change our understanding of value. Here is Jyoti’s account of what you can expect in this new publication.
Jyoti Banerjee, partner at Fronesys, highlights that by adopting the principles of integrated thinking and reporting, universities can move away from a focus on reporting short term financial metrics to a multi-stakeholder approach which offers compelling narratives about their value.
[juicer name=”fronesys” per=’9′ pages=’1′]