Today a group of leading governments joined together to commit to corporate sustainability reporting, in support of paragraph 47 of the UN Conference on Sustainable Development – Rio+20 – outcome document. UNEP FI has been a vocal advocate of the inclusion of corporate sustainability reporting as one of the conference’s deliverables, as detailed in its Rio+20 Position Paper. With the commitment, Brazil, Denmark, France, and South Africa are forming a group of ‘friends of paragraph 47’ to advance corporate sustainability reporting, and to that effect they have invited the UNEP FI-backed Global Reporting Initiative and the United Nations Environment Programme to support them. Making sustainability reporting standard practice among companies will contribute to monitor the impacts on and the contribution to sustainable development by the corporate sector. More information here.