A solution to plastic pollution: circular economy
Discarded plastic waste, particularly single-use plastic, is putting marine life at risk. That’s why solutions to support a circular economy are growing in importance.
Circular economy may add up to $45b to Indonesia’s GDP by 2030
Adopting a circular economy in Indonesia’s key sectors might add between Rp 593 trillion (US$42.2 billion) and Rp 638 trillion to the country’s gross domestic product (GDP) by 2030.
Will 2020 Make Us More Empathetic Investors?
Sustainable investing has already been on the rise for some time, but the events of 2020 may make the practice more widespread. In a survey of 500 investors by Aviva, a U.K.-based insurance company, 55% of respondents said that the pandemic had impacted the likelihood that they would take ESG, or environmental, social and governance, factors into consideration when investing.
Enabling companies to report on the SDGs
It is now even easier for organizations to communicate their efforts to support the UN Sustainable Development Goals (SDGs), by using the most widely adopted standards for sustainability reporting – the GRI Standards. An updated version of Linking the SDGs and the GRI Standards has now published. This free resource gives a breakdown of the targets under […]
Group of Five urges adoption of sustainability reporting prototype
Harmonised global sustainability reporting framework offers comprehensive “running start” in standardised disclosure.
IIRC publishes revisions to International <IR> Framework to enable enhanced reporting
The International Integrated Reporting Council (IIRC) today, 19 January 2021, publishes revisions to the International <IR> Framework to enable more decision-useful reporting. The revisions, the first since the <IR> Framework was originally published in 2013, are the result of extensive market consultation with 1,470 individuals in 55 jurisdictions. The consultation demonstrated that the conceptual thinking and principles […]
A Better Planet Calls For Climate-Conscious Companies
Countries are now focusing on mitigating the Covid-19 pandemic and its socio-economic impact, leaving environmental issues on the backburner. But we all still need to save our planet from crumbling and this calls for immediate action from all sectors, including the business players. Carrying out sustainable business practices has become imperative. A Maryville University article […]
2020: The year the narrative changed for sustainability reporting
2020 was a remarkable year in ways that need no mention. It was also remarkable in a way that most people probably didn’t notice because it has to do with accounting. Last year witnessed the broad recognition in the investment, business, accounting, regulatory, and sustainability reporting communities that the time has come for mandated standards […]
Indonesia Sustainability Series: Obligation to submit sustainability report in 2021
In brief In 2017, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK“) introduced a requirement for certain entities to implement sustainable finance, by issuing Rule No. 51/POJK.03/2017 on Implementation of Financial Sustainability for Financial Services Providers, Issuers and Public Companies (“OJK Rule 51“). Under OJK Rule 51, in addition to the requirement to implement […]