Corporate reporting ‘fails to provide meaningful impact information’

first_imgCorporate non-financial reporting does not allow investors to understand companies’ impacts and “by extension their development, performance and position”, according to a group of civil society organisations and experts.The Alliance for Corporate Transparency analysed reporting by 105 European companies. Although the vast majority of companies acknowledged the importance of environmental and social issues in their reports, “more often than not” the information was not clear in terms of concrete issues, targets and principal risks, the alliance said.The solution, according to the group, is for EU rules on non-financial reporting to be more specific about what companies should disclose.“The results of our research suggest the need for the standardisation of disclosure and clarifications on when companies ought to report such information with respect to several key issues,” the report added. For example, with respect to climate change, legislation ought to clarify the requirement for the disclosure of companies’ long-term transition plans to a zero-carbon economy and their economic implications, in line with the recommendations of the Task Force on Climate-related Financial Disclosures.Filip Gregor, head of responsible companies at law firm Frank Bold, the project co-ordinator, said: “Our research shows that most companies don’t disclose sustainability information that really matters, but that there is a not insignificant minority that does provide meaningful information.“To ensure comparable and meaningful disclosure by all companies the legislation needs to be clearer. Standardisation of disclosure balanced with flexibility is absolutely indispensable to enable sustainable finance as well as corporate accountability.”The research project set out to analyse how European companies implemented requirements of the Non-Financial Reporting Directive (NFRD) and recommend how it could be improved.European Commission updatesIts report comes as the European Commission is preparing to update the non-binding guidelines that accompany the EU framework.According to the technical expert group advising the Commission, the Commission planned to adopt the revised guidelines in June and to seek feedback from stakeholders on the update with a one-month online consultation to start by the end of February.The technical expert group was tasked with providing recommendations to the Commission about how to include guidance for companies on climate-related disclosures as part of the revision of the non-binding guidelines. These were published in a report last month.The findings of the Alliance for Corporate Transparency chime with those of a project carried out by the Cambridge Institute for Sustainability Leadership in conjunction with the Investment Leaders Group.Together they developed the “Cambridge Impact Framework”, a set of metrics that investors could use as proxies for their progress towards the UN’s Sustainable Development Goals, in the absence of data that would allow the social and environmental impact of investment funds to be properly assessed.last_img read more

Police Adding More Patrols During Holiday Season

first_imgThanksgiving is one of the busiest travel periods in Indiana and local law enforcement agencies are adding extra patrols to keep drivers safe.“Until December 1, we will have saturation patrols as part of a comprehensive effort to curb impaired driving,” said Lt. Doug Wolfer from the Batesville Police Department. “Anyone found to be driving impaired will be arrested. Also, occupants not using seat belts or who are not properly restrained will be cited and given a ticket.”“In fact, in Indiana, more than 50 percent of fatalities in auto accidents are due to passengers who did not buckle up,” added Wolfer.In November 2012, there were 355 alcohol-related crashes across Indiana resulting in 155 injuries and 5 fatalities.Agencies from across the state, including the Batesville Police Department, Franklin County Sheriff’s Department, and troopers from the Indiana State Police are jointly participating on a crackdown of impaired driving and seatbelt enforcement during over the Thanksgiving holiday period, according to Wolfer.“If you see someone driving in a manner you suspect of being impaired, there is a high probability you are right,” said Lt. Wolfer from the Batesville Police Department. “Call 911 immediately and report the location, description, and direction the vehicle is traveling. This will help officers observe the activity of the suspect and take necessary action to prevent a possible tragedy.”The officers also noted that vehicle crashes are the leading cause of death for kids between the ages of 8 and 15. For families with young children it’s important to have a properly installed child safety seat or booster seat for each child.Parents can visit childseat.in.gov for a list of locations and a toll-free phone number to speak with experts about the proper installation of child safety seats.last_img read more

‘Reading Rocks’ Program Aims to Help Students With Literacy

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisA new summer reading program called, ‘Reading Rocks!’ will be offered this year thanks to Alpena Public Schools. The ‘Reading Rocks!’ program is designed to help all students read better by the end of their 3rd grade year, and pass the new state requirements for reading levels.Back in 2016, Governor Rick Snyder signed into law a bill to aim at improving childhood literacy. Beginning in 2019 the new law will stop 3rd graders from moving on to 4th grade if their reading skills aren’t up to standard.Students eligible for ‘Reading Rocks!’ will be those having a difficult time with their reading skills, and for those currently in 1st, 2nd, and 3rd grade. The 4–week program will be available at all six district elementary schools.There will be 36 spots for each of the elementary schools with possible openings for other students to attend. Parents will be notified by May if their child has been accepted.The program will start on June 27th and end on July 20th. Each session will be from 9 am until 11 am.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: Alpena Public Schools, Childhood Literacy, Governor Rick Snyder, Reading RocksContinue ReadingPrevious Alpena Chamber of Commerce & AHS Hold Senior Advisory Career Prep to Help Students Prepare for Their Future in the WorkforceNext Girl Scouts of Alpena Donate Dresses for ‘Every Dress Has a Story’ Community Servicelast_img read more

Watch: Hardik Pandya apologises to brother Krunal after almost knocking his head off in…

first_imgAdvertisement l5NBA Finals | Brooklyn Vs6o157Wingsuit rodeo📽Sindre E4gq( IG: @_aubreyfisher @imraino ) ihrpWould you ever consider trying this?😱8e7Can your students do this? 🌚jy4eRoller skating! Powered by Firework The Pandya brothers have been selected in the squad for the three-match T20I series against South Africa which starts on 15 September at Dharamshala. And the duo appears to be working very hard to deliver their best. In a video shared by Hardik, the brothers are seen to be enjoying their practice session until Hardik smashed the ball so hard that Krunal narrowly escaped from being hit on his head.Advertisement On Wednesday, Hardik posted a video on Twitter from the practice session in which he can be seen smashing his spinner brother all around the park. During one such instance Hardik tried to dispatch the ball straight down the ground, and Krunal, the bowler had to quickly move away from in order to save himself from the hit.Advertisement “Pandya vs Pandya in training I think I won that round big bro @krunalpandya24 P.S: Sorry for almost knocking your head off,” Hardik wrote.Krunal in response, tried to troll his younger brother as Hardik wasn’t able to manage one of his ball in another video.“Hahaha it’s all cool bro but why didn’t you upload this video?” Krunal tweeted. The younger Pandya has been brought in place of Bhuvneshwar Kumar for the upcoming series against The Proteas after being rested for the recently concluded West Indies tour. Advertisementlast_img read more