Events

Launch of UNEP FI "Reporting and Disclosure Package"

28 January 2009 | World Economic Forum - Davos, Switzerland

The "Reporting and Disclosure Package" for financial institutions launched at Davos will include:

• The joint UNEP FI/Global Reporting Initiative (GRI) financial services sector reporting supplement approved by the GRI Board in October 2008. The report came after five years of work which started in 2003. A multi-stakeholder group, including UNEP FI member institutions from across banking, insurance and investment sectors, worked to create the global sustainability reporting standard for financial service institutions.
• The second component of the package will be a new report "Understanding Corporate Sustainability Disclosure Requests", prepared by UNEP FI’s North American Task Force.

View a summary report on the launch and dinner discussion.

The host of the Davos dinner, Matthew Kiernan, Chief Executive of Innovest commented: "Stronger reporting and disclosure tailored explicitly for capital markets will act to hard-wire ESG issues into the market system as it remakes itself post the crisis. UNEP FI’s work with GRI and the North American Task Force (NATF) report is important as a foundation point. We still have to work harder to ensure key parts of the financial and capital market architecture use ESG data and information."

"At a time when we are looking for a greater degree of transparency from our financial institutions it is vital that there is commonly-agreed guidance on what that disclosure should look like. The Financial Services Sector Supplement assists by explaining how firms can measure and disclose key data on the sustainability of their investments, products and services."