April Newsletter: Governance, the private sector and sustainable development
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Good governance, the private sector and sustainable development
 Rio+20 clearly outlined a more prominent role for the private sector in the delivery of sustainable development, requiring a just transition to a fair and green economy in which business and industry take greater responsibility for their impacts, operate with greater transparency and are held accountable for unsustainable activities. The recent post-2015 meeting in Bali reinforced the role of the private sector as a partner in the delivery of sustainable development, including via sustainable consumption and production, and financing.
Undoubtedly business will have a key part to play in our necessary transition to sustainability. But this must be complemented with the development of mechanisms for good governance, with a focus on engendering proper levels of transparency and accountability from private and public sectors, as well as civil society. The aim must be a coordinated and responsible approach to sustainable development with all sectors of society acting together; anything less is unlikely to bring about the sustainable future we need.
Farooq Ullah, Executive Director, Stakeholder Forum
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Report: Civil society perspective on sustainability reporting and sustainability reporting practices
In recent years, there has been an increased interest in corporate sustainability reporting and corporate disclosure policies, alongside more intense scrutiny of the relevance and accuracy of this information. This brings new challenges for their application, and requires an informed and constructive debate to enable corporate reporting to succeed in aligning companies’ activities with good governance, human rights and environmental protection.
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The Corporate Sustainability Reporting Coalition, a group of investors, financial institutions, professional bodies, NGOs and other relevant stakeholders calling for the inclusion of corporate transparency and accountability as a building block underpinning the Post-2015 development agenda, has made a submission to My World.
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The Business and Industry, Scientific and Technological Community and Local Authorities Major Groups delivered a joint statement to the First Session of the Open Working Group on Sustainable Development Goals (SDGs).
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