17 Feb '12, 3pm

Gore Calls for Integrated Reporting, End to Quarterly Guidance

Companies should end quarterly financial reporting and start producing integrated reports, according to former vice president Al Gore and former Goldman Sachs Asset Management CEO David Blood. Blood and Gore – who are now senior partner and chairman at Generation Investment Management – published a five-point plan for sustainable capitalism, which they want the financial industry to adopt. They recommend that companies issue earnings guidance only when they deem appropriate, if at all, saying an end to quarterly guidance would encourage companies and investors to think about more long-term, meaningful measures of sustainable value creation. They say that although companies are reporting more data more often, this hasn’t necessarily given investors better insight. Integrated reporting would address this problem by creating one financial and sustainability report that includ...

Full article: http://www.environmentalleader.com/2012/02/17/gore-calls-...

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