Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 20/10/2020 11:22 
22.09.2020 15:42 News >> WEF Gives Firms New Metrics For Sustainable Development

WEF Gives Firms New Metrics For Sustainable Development

Recommended set of reporting criteria to help companies align on non financial aspects of business performance, says WEF.

The World Economic Forum (WEF) on Tuesday released a set of environmental, social and governance (ESG) metrics and disclosures for companies to report on regardless of their industry or region.
Announced at the fourth annual Sustainable Development Impact Summit, the ESG metrics purportedly aim to accelerate and scale up entrepreneurial solutions to climate change and advance sustainable development.
A total of 120 members of the forum's International Business Council have shown support for the scheme that can be included in mainstream corporate disclosures, according to a statement by the WEF.
"Companies see the importance of social, climate and other non-financial factors as critical for their long-term viability and success," it noted.
The statement cited social, economic and racial unrest exacerbated by the coronavirus pandemic as having accelerated demands from businesses and governments for comprehensive and globally accepted corporate reporting systems.
It said the metrics and disclosures were in line with existing standards enabling companies to collectively report non-financial disclosures and included social, economic, environmental and governmental indicators.
"Some 86% of executives surveyed by the forum agreed that reporting on a set of universal ESG disclosures is important and would be useful for financial markets and the economy," it showed. -



        Latest News
OSCE Minsk Group Is 'Brain-Dead': Turkey's Parliament Speaker 14 minutes ago...
Armenia has become regional, global problem, says Mustafa Sentop.
India Sees Steady Decline In COVID-19 Cases -31 minutes ago...
Country registers 46,790 new cases, 587 deaths in last 24 hours.
A Century Later Ethiopians Recall Reformist Ruler -31 minutes ago...
Ruler Lij Ilyasu’s plans to ensure justice, inclusivity angered nobility, church and colonial powers.
Turkish Police Arrest 23 FETO-Linked Terror Suspects -31 minutes ago...
Suspects, including 21 active duty soldiers, are accused of having contacts with senior FETO members.
Borsa Istanbul Up At Opening Session -17 minutes ago...
BIST 100 index earns around 3.61 points from previous close.

 
      Top News
Nigeria: 15 Killed Since Start Of Police Abuse Protests Nigeria: 15 Killed Since Start Of Police Abuse Protests
Ireland To Enter Highest Level Of COVID-19 Restrictions Ireland To Enter Highest Level Of COVID-19 Restrictions
Turkey: 9-Century Old Harran Palace's Gate Unearthed Turkey: 9-Century Old Harran Palace's Gate Unearthed
Alija Izetbegovic' Vision Was A Moral Compass For Life Alija Izetbegovic' Vision Was A Moral Compass For Life
Turkish Stocks Hit 8-Month High At Close Turkish Stocks Hit 8-Month High At Close
Meps Urge EU Not To Attend G-20 Riyadh Summit Meps Urge EU Not To Attend G-20 Riyadh Summit
Philippines Torn On Gov't Unemployment Aid Amid Virus Philippines Torn On Gov't Unemployment Aid Amid Virus
Palestinian Talks Not Condition For Arab Ties: Israel Palestinian Talks Not Condition For Arab Ties: Israel
UK Minister: Chances Of Brexit Trade Deal Less Than 50% UK Minister: Chances Of Brexit Trade Deal Less Than 50%
Afghanistan: 2 Women Killed By Taliban Rocket Attack Afghanistan: 2 Women Killed By Taliban Rocket Attack