In any corporate sustainability project, whether it is reducing greenhouse gas emissions, paper use, or supply chain waste, choosing the right key performance indicators is a critical ingredient to success. At the conference on Environmental, Social and Governance Issues hosted by the Canadian Institute of Chartered Accountants, Cathy Cobey from Ernst & Young talked about how to choose smarter KPIs.
A new environmental reporting guidance was released by the Canadian Securities Administrators for companies listed on Canadian stock exchanges, including the Toronto Stock Exchange which ranks third in North America and eighth in the world. What is involved and how should public and private companies respond? Let’s take a look.
At the summit in Toronto that drew senior executives from Canada and around the world, one common thread emerged: Capital favours sustainable businesses. Deutsche Bank have more confidence investing in companies that disclose their greenhouse gas emissions. Investors see climate change issues as material to their investment decisions. Accountants see environmental information as an integral part of a company’s full performance picture.
Would a BP style disaster happen to a company you invest in? That’s a question increasingly asked by Canadian investors. A range of proposals and resolutions has been filed in the past two years by shareholders to management of Canadian companies in various industries. What do shareholders want? How does management respond? What are the trends? Let’s take a look.