New Memoranda of Understanding signed in the sustainability reporting field

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06 Jun 2013

Several partnerships have been newly formed or confirmed by Memoranda of Understanding (MoU) signed between organisations such as the United States Sustainability Accounting Standards Board (SASB), the Carbon Disclosure Project (CDP), the Global Reporting Initiative (GRI), and CSR Europe.

The new MoU are:

  • MoU between SASB and CDP signed for an initial period of three years. The purpose of the MOU is to promote greater understanding, visibility and support for the development of disclosure standards for climate change-related and sustainability issues. Under the MOU, SASB will utilise CDP’s data as evidence for determining the materiality of climate change-related issues in more than 80 industries. Please click for the press release on the CDP website.
  • MoU between CDP and GRI to promote the harmonisation and clarification of corporate sustainability reporting guidelines, standards and frameworks. CDP and GRI will work together to improve the consistency and comparability of environmental data, make corporate reporting more efficient and effective and ease the reporting burden for companies. Please click for the press release on the CDP website.
  • MoU between GRI and CSR Europe signed for an initial period of three years. Against the backdrop of the recent EU Commission proposal on non-financial reporting, CSR Europe and GRI seek to build a productive relationship to exchange information in support of enhanced sustainability management and transparency, delivering on the broader EU goals to build capacity. They will also explore the opportunity to host a European Center of Excellence that could accelerate the awareness and capacity building of companies, investors and governments on integrated performance and reporting. Please click for the press release on the GRI website.

We have already reported earlier that the GRI and United Nations (UN) Global Compact have recently renewed their MoU aimed at ensuring alignment of the guidance of the two organisations on sustainability performance and reporting. The press release is also available on the GRI website.

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