|
The Social Investment Organization calls for mandatory reporting on social and environmental issues
|
||||
|
The SIO has called for new investment rules requiring publicly-listed companies in Canada to disclose information on their social and environmental impacts. In a brief to the Canadian Securities Administrators Sept. 19, the SIO called on the CSA to require publicly listed companies to disclose social and environmental risks and opportunities. The brief was in response to a comment paper CSA has issued on proposed changes to Continuous Disclosure Policy in Canada. "The SIO views mandatory social and environmental reporting as a key component of good corporate governance and appropriate continuous disclosure," said SIO Executive Director Eugene Ellmen. In its brief, SIO calls for:
"The SIO believes that the reforms now being debated in response to corporate accounting and auditing scandals in the US are only part of what investors need to obtain full information on companies," Ellmen said. "A full social, environmental and financial disclosure policy is needed. By requiring companies to disclose social and environmental issues of a material nature, investors will obtain a more comprehensive and truer picture of a company's long-term financial outlook. In addition, these disclosures will encourage management and Boards to identify social and environmental risks and to put risk management strategies into place to address them." For more information, visit the Policy & Advocacy page to read SIO's brief to the CSA.
|
