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Sustainability reporting refers to the disclosure, whether voluntary, solicited, or required, of non-financial performance information to outsiders of the organization. [1] Sustainability reporting deals with qualitative and quantitative information concerning environmental, social, economic and governance issues.
As part of the 2008 budget on February 26, 2008, $250 million was announced for research in developing more fuel-efficient vehicles and $300 million for the development a more advanced nuclear reactor and to improve safety at the Chalk River, Ontario Nuclear facility which shut down during the fall of 2007 after there were safety concerns.
ESG reporting, which stands for Environmental, Social, and Governance reporting, is when a company shares information about its effect on the environment, society, and how it's governed. This kind of reporting is usually done on a voluntary basis, meaning companies choose to do it to be open and share important information with their ...
Sustainability reporting aims to standardize and quantify the environmental, social and governance costs and benefits, derived from the activities of the reporting companies. Examples of ESG reporting include quantified measures of CO 2 emissions, working and payment conditions, and financial transparency. [13] [25] [26]
In 2021, ESG reporting requirements changed in the EU and UK. The EU started enforcing the Sustainable Finance Disclosures Regulation (SFDR), which was created with the purpose of unifying climate risk disclosures across the private sector by 2023. It also requires businesses to report on "principal adverse impacts" for society and the environment.
The Canadian Environment Awards were established in 2002 through a partnership between the Government of Canada and Canadian Geographic Enterprises. The national program recognized dedicated Canadians who act locally to help protect, preserve and restore Canada's environment.
The six principles are as follows: As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries.In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time).
The department was known as Industry Canada (IC) prior to 2015. The department is led by the minister of innovation, science and industry (currently François-Philippe Champagne ), who also serves as the registrar general of Canada and is responsible for the department to Parliament .