09 Jun '11, 2pm

#Ceres & Tellus Institute unveil initiative to standardize #corporate #sustainability ratings @ceresnews

Ceres and Tellus Institute, two leading organizations that work with companies, investors and nonprofit groups to embed sustainable practices in capital markets, today announced the launch of an initiative to create and bring to widespread adoption a single standard for rating the sustainability performance of companies. Founding partners of the new coalition, the Global Initiative for Sustainability Ratings , include leading investors and businesses like TIAA-CREF, the Calvert Group and Bloomberg. The initiative will be modeled on a successful Ceres/Tellus-launched program, the Global Reporting Initiative, that has become the de facto global standard used by 2,000 companies worldwide for corporate reporting on environmental, social and economic performance. Every day, ratings play a pivotal role in determining access to capital - and its cost - for everything from public ...

Full article: http://www.ceres.org/press/press-releases/a-single-measur...

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