20 Mar '12, 8pm

29 corporations fail to file promised sustainability reports

29 corporations fail to file promised sustainability reports

The investors, from 12 countries and with more than $3 trillion in assets under management, have identified 29 companies that are members of the UN Global Compact (UNGC) but "have failed to produce the mandatory annual report that communicates their progress on corporate sustainability." The investors have written to the 29 companies, challenging them to produce the annual corporate responsibility report known as a Communication on Progress (COP) that is required of the more than 7,000 corporate members of UNGC. A press release declines to identify the 29 laggards contacted by the coalition. In 2010, Gavin Power of UNGC told SocialFunds.com, "The investors feel strongly that they get better results through private negotiations. Given their success rates, we’re comfortable with that policy." The coalition has met with a measure of success over the years of its engagement. F...

Full article: http://www.greenbiz.com/blog/2012/03/20/29-corporations-f...

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