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Carrots and Sticks: Promoting Transparency and Sustainability

The Centre for Corporate Governance worked with KPMG, the Global Reporting Initiative (GRI), and the United Nations Environment Programme (UNEP) on an updated version of Carrots and Sticks: current trends and approaches in voluntary and mandatory standards for sustainability reporting. Carrots and Sticks was originally published in 2006 as a joint initiative by KPMG's Global Sustainability Services (KPMG) and UNEP.

The document was received favourably by various sectors, and seems to have been most useful to regulators and large corporations that need to coordinate sustainability reporting activities across various countries. The current global financial and economic crisis has sparked renewed interest in regulation, including corporate governance and disclosure requirements. In addition, the last three years have seen the introduction of significant changes in terms of reporting guidelines in many countries. The revision of the publication also offered the opportunity to include more developing countries in the project.

The updated publication called Carrots and Sticks - Promoting Transparency and Sustainability: an update on trends in voluntary and mandatory approaches to sustainability reporting was launched at the GRI conference in Amsterdam on 27 May 2010.

Press Release

Carrots and Sticks - Promoting Transparency and Sustainability