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Corporate Accountability &
Transparency
Article 45 of the World
Summit for Sustainable Development (WSSD)
Plan of Implementation commits governments to:
“Actively
promote corporate responsibility and accountability,
based on the Rio Principles, including through the full
development and effective implementation of
intergovernmental agreements and measures, international
initiatives and public-private partnerships, and
appropriate national regulations, and support continuous
improvement in corporate practices in all countries.”
The Plan of Implementation
goes on to say Article 17
“Enhance
corporate environmental and social responsibility and
accountability. This would include actions at all levels
to:
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a) |
Encourage industry to
improve social and environmental performance through
voluntary initiatives, including environmental
management systems, codes of conduct, certification and
public reporting on environmental and social issues,
taking into account such initiatives as the
International Organization for Standardization (ISO) and
the Global Reporting Initiative guidelines on
sustainability reporting, bearing in mind principle 11
of the Rio Declaration on Environment and Development”. |
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How do corporate environmental reports
(sustainability reports) affect public perception
of companies? |
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How much information should be available to the
public? |
Relevant Publications
The
Oil Sector Report (UNEP - SustainAbility, 2002).
Changing Oil: Emerging environmental risks and
shareholder value in the oil and gas industry (WRI,
2002).
A Guide to World Resources 2002-2004: Decisions for the
Earth: Balance, voice, and power (UNDP, UNEP, World
Bank & WRI, 2002).
Developing Value The Business Case for Sustainability in
Emerging Markets (IFC- SustainAbility, 2002).
Trust Us: The Global Reporters 2002 Survey of Corporate
Sustainability Reporting (UNEP - SustainAbility,
2002).
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