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GRI to Headline NASDAQ Sustainable Reporting Event

14.05.2010 Amsterdam (UD/cp) -  The invitation-only roundtable, organized by NASDAQ OMX Exchange in partnership with the sustainability rating specialist CRD Analytics, will begin with a keynote address by GRI Chairman, Prof. Mervyn King. Prof. King will call on all companies to adopt globally standardized reporting practices for their environmental, social and governance (ESG) performance.
 
“We are looking forward to addressing some of the world’s largest corporations listed on the NASDAQ, highlighting how GRI provides the best way to unlock the economic value of sustainability reporting,” says Mike Wallace, Director, Sustainability Reporting Framework at GRI in Amsterdam, NL.
 
GRI’s participation in the roundtable exemplifies the active role it has been taking internationally for the past 12 years to provide guidance to companies, investors, governments, and NGOs on global ESG reporting trends. GRI has tracked more than 1,350 organizations that formally issued a GRI-based sustainability report in 2009 – this is a 25 percent increase on the prior year.  Studies suggest there are many more GRI reporters than are formally documented.
 
The recognition by business of the importance of sustainability reporting, and of GRI’s role in driving its global adoption, is reflected by its central role in the May roundtable. In ringing of the NASDAQ closing bell, GRI will symbolically demonstrate its role at the heart of the business community, with the ceremony broadcast live on the iconic NASDAQ OMX video tower overlooking Times Square.
 
The Global Reporting Initiative has been engaging directly with the European Commission, the US Security and Exchange Commission (SEC), and other international governments to advocate for policy leadership in advancing ESG reporting.
 
The inclusion of ESG topics on the agenda of these international governments further clarifies what publicly traded companies must disclose to investors about climate-related ‘material’ effects on business operations. With developing guidance emerging from the European Commission, international governments, and specifically the US SEC pointing to the Global Reporting Framework, GRI is looking forward to sharing their developments in New York City. Additionally, GRI has been invited by the US SEC's Investor Advisory Committee (IAC) to present on GRI's involvement in global ESG reporting trends this summer.
 
GRI will also highlight the latest developments in global ESG reporting at its biennial conference in Amsterdam, The Netherlands on 26-28 May. The world’s biggest sustainability reporting event, the Amsterdam Global Conference on Sustainability and Transparency will be attended by ESG experts and opinion leaders from across the globe.

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For more information on the conference