Coalition of investors say 86 companies participating in UN Global Compact are failing to meet requirements on environmental, social, governance reporting
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Author: Steve Johnson, Financial Times
Scores of listed companies are failing to honour their commitments to be more transparent about their activities, according to a coalition of investors with $1,800bn (£1,150bn, €1,322bn) under management. The grouping says 86 public companies that pledged to meet the reporting requirements of the United Nations Global Compact – which stipulates a mandatory annual report on their environmental, social and corporate governance activities – have failed to do so... The move comes as 55 companies have been delisted from the Global Compact for their failure to file an ESG report last year. The list includes Visteon, Global Alumina, Lionbridge Technologies, Spice, Altana...Aviva Investors [is] a member of the coalition, alongside groups such as Nordea, Newton, Robeco, Co-operative and the New Zealand Superannuation Fund.
Author: UN Principles for Responsible Investment
A coalition of global investors from 13 countries, managing over US$2.1 trillion of assets, today added its voice to the increasing calls for better corporate reporting on environmental, social and corporate governance (ESG) activities. The international investor coalition is writing to 86 major companies urging them to honour the reporting requirements of the United Nations Global Compact. The investor coalition also praised 44 companies...for producing high‐quality sustainability reports deemed useful for investors. [full list of 44 “leaders”: AngloGold Ashanti Company, Assa Abloy, Autostrade per Italia, Banco Sabadell, Bayer, China Ocean Shipping Group (COSCO), Coca-Cola Hellenic, Companhia de Saneamento Basico do Estado de Sao Paulo, Companhia Vale do Rio Doce, Deutsche Post, Deutsche Telekom, Enagas, Endesa Chile, Geberit, Henkel AG & Co., Iberia, INA - Industrija Nafte d.d. Zagreb, Inditex, Intesa Sanpaolo, Kesko Corporation, Korea Gas Corporation (KOGAS), Mapfre, Mitsui & Co., Nedbank, Newmont Mining, Nikon Corporation, Osaka Gas Co., Pearson, Puma, Rio Tinto, Siemens, SK Telecom, Standard Chartered Bank, Svenska Cellulosa Aktiebolaget (SCA), Talisman Energy, Telefonica de Argentina, Telefónica, Dow Chemical, Trelleborg, UniCredit, Vaisala Oyj, Woongjin Coway Co., Yara International]
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- Related companies: AngloGold Ashanti Assa Abloy Autostrade Banco Sabadell Bayer Coca-Cola Hellenic Companhia Vale do Rio Doce (now Vale) Deutsche Post Deutsche Telekom Enagás Geberit Henkel Iberia INA Inditex Intesa Sanpaolo Kesko KOGAS (Korea Gas Corporation) MAPFRE Mitsui Nedbank Newmont Goldcorp Nikon (part of Mitsubishi Group) Osaka Gas Pearson Puma Rio Tinto SCA Siemens SK Corporation Standard Chartered Talisman (part of Repsol) Telefónica Trelleborg Unicredito Italiano (now Unicredit) Vaisala Vale Woongjin Coway Yara