Alexa
  • Directory of Taiwan

Companies must adopt new environmental reporting standards, Al Gore says

Companies must adopt new environmental reporting standards, Al Gore says

Companies must adopt new, rigorous standards in disclosing their greenhouse gas emissions if they hope to be competitive in the future, former U.S. Vice President Al Gore said Friday.
"The full spectrum of value that represents a corporation's activities can only be understood if you look outside the narrow confines of financial reports," he told a conference in Amsterdam.
Gore was the keynote speaker at the conference, where an international standards committee unveiled new guidelines for companies on how to report their "sustainability".
The new guidelines were released Thursday in Amsterdam, where the Global Reporting Initiative's secretariat is based.
"The old way of reporting is becoming irrelevant to the complete approach to what we need to know and track ... and investors are naturally justified in asking for the full picture," Gore said.
The new guidelines are explicit on what companies must take into consideration when they draw up a sustanability report, which measures things like carbon dioxide emissions, the amounts and types of waste a company creates, and their safety and employment policies.
Gore also urged companies to "go beyond glossy reports" that boast about isolated charity projects in their sustainability accounting. He said companies that allow a full external audit would greatly increase their credibility.
Gore has been promoting his documentary and book "An Inconvenient Truth," which lays out the case that human-made carbon dioxide emissions are a principle cause of global warming.
He is also a prominent investor in environmentally friendly companies as chairman of Generation Investment Management, a London-based fund.
Gore, a Democrat who lost the 2000 presidential election to George W. Bush, has criticized the lack of action on global warming by politicians across the ideological spectrum.
The wave of publicity surrounding "An Inconvenient Truth" has raised questions about whether Gore will run for president again in 2008. Gore has said he has no plans to become a candidate, but he has not ruled it out either.
But he uttered scarcely a word on the American political scene Friday.
"For those of you from my country (attending the conference), thank you," he said. "I wish that my country had different policies, oh how I wish it," he said, drawing cheers from the international crowd.
The GRI has no power to enforce its standards, but more than 900 organizations _ including Microsoft Corp., Nike Inc. and Brazilian state oil company Petrobras _ apply them voluntarily.
More than 2,000 companies, governments and the United Nations were involved in planning the new guidelines, making them the "de facto standard," the organization's Chief Executive Ernst Ligteringen said.


Updated : 2021-07-31 05:41 GMT+08:00