Green Deal Cooperation proves transparency is key to limiting long-term financial & environmental risks

Author: Ministry of Economic Affairs, IUCN NL, MVO Nederland, True Price, Published on: 2 June 2016

"It pays to be transparent: Lessons learnt in the Green Deal Cooperation towards Transparency in Natural and Social Capital, 2014 – 2016," May 2016

Taking account of your capital, now and in future, seems an obvious thing to do…To a certain extent, the impact on your financial capital determines your choice. But what if you were to know the impact of your choice on the future extent of oxygen…on the quality of life for people…or on our own children? It would seem obvious to take impacts such as these into consideration, but generally we do not. Because we do not know these things…Nineteen business companies, and societal, governmental and financial institutions came to realise that it should be self-evident to consider the natural and social capital on which they are directly dependent…They signed this Green Deal, and together…they identified the steps that are necessary to gain insight into the impact of their activities…Lessons learnt in the Green Deal Cooperation…Adhering to the following principles will provide better insights into both financial and non-financial data: Risk management…Innovation…Reputation management…Long-term strategy…[Also refers to ABN Amro, Akzo Nobel, Arcadis, ASML, Royal Bam, Deloitte, DSM, EY, FMO, ING, Interface, KPMG, KPN, Philips, PricewaterhouseCoopers, and Vodafone.]

Read the full post here

Related companies: ABN Amro Akzo Nobel Arcadis ASML Holdings Deloitte Touche Tohmatsu DSM EY (Ernst & Young) FMO ING Interface KPMG KPN PricewaterhouseCoopers Royal BAM Royal Philips Electronics Vodafone