KUALA LUMPUR, 20 July 2011 – PwC Malaysia and two other firms, PwC Thailand and PwC Indonesia, have been appointed Certified Training Partners by the Global Reporting Initiative (GRI). As a Certified Training Partner, these PwC firms are qualified to conduct training courses on effective sustainability reporting based on the GRI Reporting Framework.
The GRI Reporting Framework is one of the most widely used comprehensive sustainability reporting frameworks globally. It is developed through a consensus-seeking, multi-stakeholder process, and is used by organisations to report on their respective environmental, social and governance (ESG) performance.
While sustainability or Corporate Responsibility (CR) reporting within ASEAN is on the rise, the challenge now is to raise the bar in terms of level of disclosure and quality.
“Sustainable investing is growing at a tremendous rate, especially in Asia. Contrary to what most people think, sustainability reporting isn’t just for companies whose activities directly impact the environment. The sustainable and responsible investments (or SRI) market is expected to grow to USD 26.5 trillion by 2015, which is approximately 15 to 20 percent of global assets under management,” said PwC Advisory Services Malaysia Associate Director Ng Yin Ching.
“The benefits of sustainability or CR have been widely advocated by regulators, government, CR leaders and the media. Companies with a strong CR track record are also seeing interest from sustainable and responsible investors, who believe that there is a correlation between financial returns and better ESG practices. So, companies should take CR reporting seriously and see value in accurately documenting their key CR activities and performance. This is also in line with Bursa Malaysia’s plans to launch a sustainability index next year,” said Yin Ching.
With this certification, the Sustainability & Climate Change teams in these three PwC firms will now be able to provide training sessions. The training highlights the application of GRI’s sustainability reporting framework and includes customised local content tailored to the region’s needs. It also incorporates group exercises, interactive case study presentations and discussions. Upon completion of the course, participants will receive a certificate from GRI.
These training sessions are suitable for companies producing their first sustainability report as well as those that have previously prepared sustainability reports but are keen to up their reporting standards.
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