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Analysts At Investment Firms Urge Better Reporting

Klein Erin | October 12, 2004

Last week, a group of analysts at 17 investment firms pushed public companies to "meet a higher standard of reporting" on environmental, social and corporate governance matters.

The firms, which represent more than $147 billion in assets, want companies to base their reporting on the Global Reporting Initiative’s "Sustainability Reporting Guidelines." The GRI is an independent institution that has developed standardized reporting guidelines that measure economic and environmental performance, labor practices, human rights, product responsibility, and other factors.

A number of U.S. companies are already reporting on the GRI guidelines, including Citigroup, Ford, General Motors, Hewlett-Packard, Starbucks, and Intel (see downloadable reports in box at right).

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