UN and KPMG Prod Corporate Leaders on Sustainability
23.02.12
Ki-moon praised the growth of sustainability reporting by a growing number of corporations at the conference Tuesday, but urged companies to go further. The event was held ahead of the upcoming Rio+20 sustainability conference in Brazil.
“Doing well by doing good has become an accepted business principle,” said Ki-moon. “That was a far cry from 20 years ago, when the United Nations hosted the first global summit in Rio de Janeiro. At that time only a few companies were exploring the notion of sustainable business. Today thousands are doing so. And yet, corporate sustainability as currently practiced has yet to rise fully to the challenge. The principles of sustainability have not penetrated businesses’ strategy, nor have we seen the depth of action that is needed. Those that have represent only a small percentage of the world’s estimated 80,000 multinationals and millions of smaller enterprises. We need corporate sustainability to be in the DNA of business culture and operations.”
Source: Accounting Today