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Companies fail UN’s Global Compact

Author: Steve Johnson, Financial Times, Published on: 14 February 2010

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.

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Related companies: Aviva Robeco Visteon