The Washington DC Sustainable Business Network

News and dialogue about how the business community can make the Washington, DC metro area a better place to live and work.

Thursday, December 22, 2005

Sneak Peak: New Sustainability Guidelines from Global Reporting Initiative

December 21, 2005 - The Global Reporting Initiative has launched a new Web site to host the latest version of its Sustainability Reporting Guidelines, known as G3.

The G3 Guidelines will be released in draft form on Jan. 2, 2006, for a public comment period. Readers will be able to submit their comments on the G3 Draft via the Web site until the period closes on March 31, 2006. The site will also feature an informal discussion forum for people to exchange ideas about the G3 Guidelines.

The new draft guidelines are the result of nearly a year's worth of research, development, and consensus-seeking by multi-stakeholder working groups, each assigned to focus on different parts of the guidelines. Since the GRI Sustainability Reporting Guidelines were last released in 2002, hundreds of organizations have used the guidelines as the basis for their reporting, and thousands of stakeholders have accessed information in reports issued by the organizations. Based on feedback from practitioners from reporting organizations and from report user groups, GRI designed a process to update and improve the 2002 guidelines. The final result will be the third generation of GRI Guidelines, known as G3.

The G3 Web site features information about the G3 development process, who has been involved, and more details on the time line for completion. The site is also configured to take registrations from anyone interested in attending one of a dozen Sneak Peek events planned to roll out in major cities around the world in the New Year.

Monday, December 05, 2005

US Chamber of Commerce President on the Value of Long-Term Planning/Reporting

The value of long-term planning and reporting received a boost from the President of the U.S. Chamber of Commerce last month.

U.S. Chamber of Commerce President Thomas Donahue has come out in opposition to companies' and Wall Street's fixation on quarterly earnings, which he says has been exacerbated by the more aggressive regulatory environment in the wake of Enron and other corporate scandals. Donohue is urging management to eliminate quarterly earnings guidance, while calling on analysts to begin focusing more on long-term growth issues. The Chamber of Commerce has become the Securities and Exchange Commission's (SEC's) sharpest critic since former chairman William Donaldson led an aggressive crackdown on securities-law violations.

From "Lobby Group to Denounce Quarterly Obsession" Financial Times (11/30/05)