ASSIST Director for Projects and Grants Management Sathappan Sathappan spoke before over 200 representatives of non-profit organisations, academies and enterprises for the CHINA RATE (CHINA Reporting and Transparency Excellence) project’s Best Practices Forum held in Zhongshan University, Guangzhou in June 10, 2011.
Implemented with partners TÜV Rheinland Greater China and German Investment and Development Company (DEG) and through the support of Sun Yat-sen University, EHS Academy, and German Industry and Commerce Greater China, the forum featured the experiences of four enterprises under the program: King Fa Sci. & Tech. Co., Ltd., Yu Yuan industrial Holdings Ltd., Lee Duo Leather Co., Ltd. and the ZTE Corporation.
Aside from being a venue for knowledge and experience sharing amongst corporate social responsibility (CSR) practitioners and the beneficiaries of the CHINA RATE programme, the forum was held to promote information disclosure and corporate sustainability reporting within the Global Reporting Initiative (GRI) framework.
“Corporate Sustainability Reporting is becoming an increasingly critical communication tool for corporations. In a world that demands transparency, the reputation of your organization can be at stake if you don’t have a proper framework for sustainability reporting,” Sathappan explained.
Further, he said that the current trend toward integrated reporting that covers both financial and non-financial (sustainability) performance will promote the accountability of companies for performance on all sustainability dimensions (environment, social, governance and economic).#