Welcome!

News Feed Item

New EY thought leadership series examines 2014 sustainability trends

Conflict minerals reporting deadlines, the transition to G4 reporting, supply chain risk and ESG reporting requirements and the World Federation of Exchanges top the list

NEW YORK, Jan. 13, 2014 /PRNewswire/ -- As companies begin their 2014 sustainability planning, EY is identifying top sustainability issues for the year in Let's talk: sustainability, a new quarterly publication that focuses on top sustainability concerns. The first edition highlights regulatory and sustainability business trends such as the forthcoming conflict minerals reporting deadlines, the transition to the Global Reporting Initiative (GRI) G4 reporting, reducing supply chain risk and the evolution of the World Federation of Exchanges' view on environmental, social, and governance (ESG) disclosure.

(Logo: http://photos.prnewswire.com/prnh/20130701/NY40565LOGO-b )

"This year we'll see some big changes in the sustainability reporting landscape, particularly as companies begin to disclose their conflict minerals sourcing and begin to transition to the new G4 iteration of the Global Reporting Initiative reporting framework," said Steve Starbuck Americas Leader, Climate Change and Sustainability Services, for the global Ernst & Young organization. "It's important for companies to stay ahead of these disclosure and reporting changes, while keeping a pulse on investor expectations, so they can adequately address risk and ensure compliance with the new rules."

Below are the top sustainability trends EY's Climate Change and Sustainability Services group have identified for companies in 2014:

  • Meeting Dodd-Frank Act Section 1502's approaching deadline: the first filing deadline to comply with the U.S. Securities Exchange Commission's (SEC) conflict minerals disclosure requirements covering calendar year 2013 is June 2, 2014. Per the legislation, companies must investigate their supply chains for conflict minerals and report on their source of origin.
  • Managing the transition to G4 reporting: leading sustainability reporting organizations are seeking to provide clarity and guidance on what's material in non-financial reporting. Conducting a non-financial materiality assessment this year can provide a company and its stakeholders with valuable intelligence to better measure, manage and assess the business in the short- and long-term. Additionally, this exercise is critical to laying a proper foundation for future reporting, particularly in light of the GRI G4 sustainability reporting guidelines.
  • Reducing supply chain risk by driving social compliance into the business: supply chain management is complex and in the spotlight after recent tragedies like those in Bangladesh. To avoid such catastrophes, companies should take steps in 2014 to drive social compliance into their business, such as mapping the supply chain, integrating social compliance into the procurement process and systemizing collaboration between social compliance and internal audit.
  • Understanding how environmental, social and governance disclosures impact companies listed on various stock exchanges: stock exchanges around the world – like NASDAQ, the Johannesburg Stock Exchange and the London Stock Exchange – are beginning to recommend their listed companies report on select environmental and social indicators, or explain why they do not. This trend is likely to spread since the NASDAQ OMX and New York Stock Exchange are participating in the Investor Network on Climate Risk Sustainable Stock Exchanges Working Group, which is currently collaborating on a standards proposal. Now is the time for companies to establish systems for capturing key ESG metrics and develop a process for measuring non-financial data before such guidance becomes mandatory for listed companies on main US exchanges.

The full report can be downloaded at www.ey.com/us/sustainability.

To continue the conversation, Join EY's sustainability leaders on January 16 at noon EST for the first of a new quarterly webcast series designed to give you a forum to talk directly to EY's Sustainability leaders about the trending topics in corporate sustainability. This quarter's discussion will focus on conflict minerals, the transition to G4 reporting, reducing risk in the consumer products supply chain and the World Federation of Exchanges.

About Ernst & Young's Climate Change and Sustainability Services

Climate change and sustainability continue to rise on the agendas of governments and organizations around the world with rapidly evolving drivers and expectations. Your business faces regulatory requirements and the need to meet stakeholder expectations as well as respond to the opportunities presented for revenue generation and cost reduction. This means a fundamental and complex transformation for many organizations and the embedding of climate change and sustainability into core business activities to achieve short term objectives and create long-term shareholder value. The industry and countries in which you operate as well as your extended business relationships introduce additional complexity, challenges, responsibilities and opportunities. Our global, multidisciplinary team combines our core experience in assurance, tax, transactions and advisory with climate change and sustainability skills and deep industry knowledge. You'll receive a tailored service supported by global methodologies to address issues relating to your specific needs. Wherever you are in the world, Ernst & Young can provide the right professionals to support you in achieving your potential. It's how we make a difference.

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.

SOURCE Ernst & Young LLP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls "Bimodal IT," where business struggle to apply modern tools and practices to traditional monolithic applications. But these existing assets can be modernized and made more efficient without havin...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and attent...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...