Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-046-000"
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"en.20120705.8.4-046-000"2
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"Mr President, as one of the MEPs in Rio, I would like to join with colleagues who were there to thank personally Commissioner Potočnik and, despite all the shortcomings, to say how proud we were of the position he took on behalf of us all in the European Union.
He understands that my main role at the summit was to press the case for mandatory sustainability reporting by business. Again, paragraph 47 of the summit’s conclusions represented only a limited success. I made the case for voluntary calls for business to report. Ten years ago, in paragraph 17 of the Johannesburg Plan of Implementation, the European Commission itself did so in 2002, as did the G8 countries in 2007, but since then, we have seen perhaps only 6 000 of the world’s 80 000 multinational companies begin to report. We have to do more, more quickly, and the experience of Denmark, Sweden, South Africa and others is that regulation is an essential part of enabling us to do so.
The strength of paragraph 47 is that it names governments and the UN itself in calling for action on corporate sustainability reporting. It specifically uses the concept of integration and seeks to build on not duplicating existing frameworks. I would specifically name the Global Reporting Initiative and the International Integrated Reporting Council in this respect. I am proud that Denmark and France have joined the Friends of Paragraph 47 as governments in taking this forward. I hope that in his reply, Commissioner Potočnik will express his support for his colleague, Commissioner Barnier, in bringing forward regulation at European level on binding corporate sustainability reporting."@en1
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