What does sustainability really cost?

greenbiz.com 31 Aug '12, 3pm

What does sustainability really cost?

Companies ranging from Clorox to Microsoft to the Coca-Cola Company are among 70 corporations testing the use of an integrated financial reporting model that combines tangible financial results with environmental, social and governance (ESG) factors. Unlike the more widely known efforts of sustainability reporting, integrated reporting seeks to go beyond how “green” a company is by factoring in the costs of that sustainability. Integrated reporting would require companies to report all material information, not just that which appears in financial statements. Very few companies do that today, says Julie Gorte, senior vice president for sustainable investing at PAX World Management, one of 20 institutional investors helping to shape the framework. “Most companies tell you all kinds of things financially and they tell you what they’re supposed to with [corporate] governance,...

Full article: http://www.greenbiz.com/blog/2012/08/29/sustainability-re...

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