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GRI Releases Reporting Guidance for India
February 21, 2017
As part of the organization's efforts to be a global one-stop shop for business guidelines on "sustainability" disclosures, the Global Reporting Initiative (GRI) has released guidance with the Bombay Stock Exchange on how companies can fulfill India's "business responsibility reporting requirements" while following GRI's global reporting standards.
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GRI Plans Guidance on EU "Sustainability" Disclosure
February 21, 2017
The Global Reporting Initiative and the business network CSR Europe have signed a memorandum of understanding to cooperate on regional guidance for companies on how to comply with the EU Directive on Non-Financial and Diversity Disclosure, which requires businesses to publicly disclose their impacts on the global "sustainable development" agenda.
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NGO Paper: SDGs Require New Business Model
February 20, 2017
The nongovernmental organization Oxfam has published a discussion paper rejecting the view among some advocates of the UN Sustainable Development Goals (SDGs) that they represent a "win-win" situation for businesses in increasing their profits and arguing instead that companies must look beyond their shareholders' interests in assessing their impacts on the SDG agenda.
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Italy, UN Release Sustainable Finance Roadmap
February 20, 2017
The Italian Government has cooperated with the UN Environment Programme on a roadmap outlining how Italy will seek to divert private investments toward the UN's "sustainable development" agenda, including potentially through the creation of a National Observatory on Sustainable Finance.
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German Bank Pledges Coal Withdrawal
February 20, 2017
The Guardian reports that Germany's Deutsche Bank has announced that it will fulfill its pledge from the Paris climate change summit in 2015 to cut fossil fuel investments by providing no new financing for certain coal projects and reducing its existing funding to such projects in the coming years.
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