United Nations Includes Corporate Sustainability Reporting in its Sustainable Development Goals
In September 2015, the United Nations’ General Assembly adopted its 2030 Agenda for Sustainable Development. In meetings with UN delegates in 2012 and 2013, we explained that the private sector and, in particular, multinational corporations, will need to play an important role if these ambitious “Sustainable Development Goals” are to be realized. We asked that the UN include a commitment to corporate sustainability reporting, which was ultimately reflected in SDG 12.6, which encourages companies to “adopt sustainable practices and to integrate sustainability information into their reporting cycle” in order to help “ensure sustainable consumption and production patterns.”
We were pleased to have played a small part in this landmark for corporate accountability:
- In 2012, Domini joined a large coalition of international investors seeking a commitment at the Rio+20 Earth Summit on a corporate sustainability reporting convention. Domini represented the investor coalition at two preparatory meetings in New York, where UN delegates worked on the formal declaration to be adopted in Rio. Domini spoke about the need for sustainability reporting at a special event for delegates, as well as a smaller working session for developing country delegates, explaining how investors use the information, and its connection to corporate accountability. The final declaration that was adopted in Rio contained a statement on corporate sustainability reporting (Paragraph 47).
- In September 2013, Domini participated in meetings with several UN Ambassadors and staff representing Hungary, India, New Zealand, Denmark and Canada to discuss the inclusion of corporate sustainability reporting in the Sustainable Development Goals. A portion of Paragraph 47 was adopted, verbatim, in the final Sustainable Development Goals.