17 Jul '12, 3pm

NASDAQ to Promote Sustainability Disclosure

It may indeed by the case that too little of a legally binding nature was agreed upon at last month's Rio+20 conference on sustainable development. But it may also be true that the proliferation of outside voices calling for meaningful action indicates that sustainability has become a core value for many. One accomplishment reached at the conference was an agreement by five members of the Sustainable Stock Exchanges (SSE) initiative to promote reporting on environmental, social, and corporate governance (ESG) risks and opportunities by listed companies. The Johannesburg Stock Exchange (JSE) , one of the exchanges involved in the agreement, already requires its more than 450 companies to produce integrated reports, which combine financial data with reporting on ESG issues. Another, the Brazilian BM&FBOVESPA , adopted a comply-or-explain policy earlier this year, recommendin...

Full article: http://www.greenbiz.com/blog/2012/07/17/nasdaq-promote-su...

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