Recent cases sparked concerns about labor exploitation and poor working conditions, specifically in the fishery industry. The legal instruments to protect human rights across the supply chain and consumers’ awareness of the “true cost” of the seafood are in question.
Post-pandemic life may find the apparel industry at a crossroads. Sustainability is top-of-mind for consumers and it’s not enough for brands and retailers to simply set stewardship goals.
ESG issues, which are attached to the entities in which the financial institutions invest, may cause reputational, social, and legal costs, not only to the investees but also the investors. One of sectors that is significantly affected by a number of ESG issues is forestry.
Earlier this month (8/4/2021), Lestari Capital launched the ‘Rimba Collective’ initiative that aims to deliver US$ 1 billion to protect and restore forests in Southeast Asia over a 25-year duration. Poised to be one of the largest private sector-enabled forest conservation initiatives, Rimba Collective is backed by consumer goods giants PepsiCo, Nestlé, Procter & Gamble, and palm oil trader Wilmar International. The initiative aims to protect and restore over 500,000 hectares of tropical forests, starting in Indonesia, before expanding to other Southeast Asia countries.
“Unprecedented” might be judged the most used adjective of 2020, and too often for dire reasons. Yet the end of last year brought one more occasion to use the word, when the leaders of 14 countries put forward a new ocean action agenda underpinned by sustainably managing 100percent of national waters. Asia-Pacific nations were well represented on […]
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.
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 […]
Harmonised global sustainability reporting framework offers comprehensive “running start” in standardised disclosure.
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 […]
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 […]