Clipping of news on Brazilian Culture, Law and Citizenship
05/31/2013
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Recommendation is part of plan goals for economic development and poverty reduction by 2030
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OSLO, Norway - Big companies should disclose their environmental impacts along with their financial statements, fulfilling a plan of the United Nations (UN) to stimulate economic growth and alleviate poverty by 2030, according to recommendations made on Thursday by a committee of world leaders.
The group of 27 members - including David Cameron, British Prime Minister and Indonesian President Susilo Bambang Yudhoyono - was tasked with making proposals for global targets to be achieved by 2030, succeeding to the Millennium Development Goals, focusing on reducing hunger and poverty, which expire in 2015.
Reuters had access to a draft of the report, about one hundred pages, yet to be officially released on Thursday in New York. The text says that "without environmental sustainability can not end poverty, the poor are affected by other natural disasters, and too dependent on oceans, forests and soils that are deteriorating."
Among the recommendations are the requirement that companies with market capitalization greater than $ 100 million to disclose social and environmental balance. Currently, about a quarter of companies do this, according to the report.
"The same principle should apply to governments," it added. "The balance sheets for national social and environmental effects must be made common by 2030."
London Stock Exchange requires disclosure of emissions
Last year, Britain became the first country to require large companies to publish their emissions of greenhouse gases as part of their balance sheets. The requirement currently applies to 1,800 companies with shares in the London Stock Exchange.
Also for 2030, the UN committee recommends doubling the share of renewables in global energy, reducing the use of fossil fuels and doubling the rate of improvement in energy efficiency in buildings and transport.
Currently, about 13% of world energy comes from renewable sources such as hydroelectric, wind and solar power, according to the International Energy Agency. The text says "suggested targets are those to which humanity aspires." "They would not be legally binding, but can be closely monitored."
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© 1996-2013. All rights reserved Infoglobo Comunicação e Participações SA This material may not be published, broadcast, rewritten or redistributed without permission.
Source: The Globe
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This article was translated by an automatic translation system, and was therefore not reviewed by people.