09 Jan '12, 9pm

Brazilian Stock Exchange Nudges Companies Toward CSR Reporting

Brazilian Stock Exchange Nudges Companies Toward CSR Reporting

BM&FBOVESPA , the Brazilian Stock Exchange, announced this week that it will now recommend that its listed companies either state that they publish a regular sustainability report and where it can be accessed, or explain why they do not do so. According to BM&FBOVESPA, the goal of the recommendation is to encourage the adoption of sustainability reporting by companies in advance of the United Nations Conference on Sustainable Development (Rio+20), to be held in Rio de Janeiro. Rio+20 will mark the 20th anniversary of the first U.N. Conference on Environment and Development (UNCED), where for the first time countries joined an international treaty to address climate change. The United Nations Framework Convention on Climate Change (UNFCCC) led to the adoption in 1997 of the Kyoto Protocol , which set binding greenhouse gas (GHG) emissions reduction targets for 37 industrial...

Full article: http://www.greenbiz.com/blog/2012/01/09/brazilian-stock-e...

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