Friends of paragraph 47 is a governments' group originally formed by South Africa, Brazil, France and Denmark in the aftermath of Rio+20, to work around the agenda of corporate sustainability reporting (paragraph 47 of the Rio+20 outcome). The group met with stakeholders in Lille on the 16 of November during the Responsible Economy World Forum. This meeting was organized by the Global Reporting Initiative and UNEP who constitute the secretariat for this group.
Brazil, Denmark, France & South Africa Join in Commitment to Sustainability Reporting
Friends of Paragraph 47, Press Release
The official press release of Brazil, Denmark, France and South Africa, who are forming a group of ‘friends of paragraph 47’ to advance corporate sustainability reporting. To that effect, they have invited Global Reporting Initiative (GRI) and the United Nations Environment Programme (UNEP) to support them. Read the full article here.
CorpWatch beleives that the use of the weasel word “encourage” is in line with the language of the Rio+20 documents. Lasse Gustavsson, the head of the WWF team at the conference, said on Sunday that “’encourage’ is used approximately 50 times in the negotiating text, while the word ‘must’ is used three times.” The article looks at the weak commitments on corporate accountability. Read the full article here.
A group of leading international humanitarian, development, social justice, environmental, and workers’ organisations today warned that next month’s UN Conference on Sustainable Development (Rio+20) looks set to add almost nothing to global efforts to deliver sustainable development. The group also warns that too many governments are using or allowing the talks to undermine established human rights and agreed principles such as equity, precaution, and‘polluter pays.’ Among the demands civil society groups call on governments to: Agree a global framework of rules to strengthen corporate reporting on social and environmental impacts worldwide, consistent with the Rio Principles, the Universal Declaration of Human Rights, and encompassing the full range of impacts associated with corporate activities.
In a letter to the national negotiators, the World Business Council for Sustainable Development (WBCSD) and the International Union for Conservation of Nature (IUCN) strongly pressed governments to commit to concrete action at the United Nations Rio+20 Conference on Sustainable Development. Importantly the letter urges governments to strengthen paragraph 24 of the Zero Draft Document by including the explicit requirement for companies to adopt standardized, rules-based sustainability reporting.
The UN Global Compact has expelled a total of 3,123 companies since 2005 for failure to communicate progress on their efforts to implement the UN Global Compact’s ten sustainability principles. Read more.