Governance News from Manifest - ISSN 1745 - 1132

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Best practice & Ethics

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A network of environmental, human rights and community groups, including Friends of the Earth has called on Royal Dutch Shell to spend its money repairing the $20bn worth of damage they claim the oil giant has done to the environment and to communities. The Shell Accountability Campaign published a report, shortly before the company announced record annual profits, detailing areas of the world such as Nigeria, Russia, South Africa and Ireland where damage has been caused and estimates of the amount of money that should be spent to solve the problems. Adverts were also placed in the British newspaper, The Guardian and Dutch newspaper de Volkskrant to get people to support the campaign. Friends of the Earth wants directors of European companies to have a legal duty to operate in a sustainable way.

 

The Global Reporting Initiative (GRI) is inviting comments on its electricity utilities sector supplement which aims to help companies involved in electricity generation and distribution to better report on their sustainability performance using the GRI reporting framework. All responses will be analysed by GRI's electricity utility working group, and passed through its technical advisory committee before an expected release of the pilot later this year. The deadline for comments is 9 April.

 

The Big Four accountancy firms- Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers - have agreed to work alongside the World Economic Forum Partnering Against Corruption Initiative on the development of a framework for independent reviews of businesses’ anti-bribery systems.

 

February, 2007

   

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