CDSB and CDP support ASX's objectives to encourage environmental and social disclosure, but proposes amendments to achieve intended outcome.
CDSB and CDP (formerly the Carbon Disclosure Project) have responded to the Australian Securities Exchange's consultation on the review of their corporate governance principles and recommendations. The full response is available here.
Among others, the response suggests a provision requiring that companies should include sustainability representatives at C-suite and Board level, ensure that reporting requirements are put in place to ensure material consistent and comparable information. We therefore recomend that CDP and CDSB's Frameworks be recognised and included in the Principles along with GRI and the UN Global Compact.
Image source: neeravbhatt/flickr