Archive for April, 2013

New Si2-IRRCI Report on Integrated Reporting

April 30, 2013

NEW REPORT ON INTEGRATED REPORTING (APRIL 29): Every company in the S&P 500 except one reports some form of sustainability disclosure, but fewer quantify those disclosures in bottom line impacts, according to the new report we issued today with funding from the IRRC Institute (IRRCI).  The report is the first to comprehensively benchmark the status of integrated reporting in the United States.

A webinar to review the findings and respond to questions about the report, Integrated Financial and Sustainability Reporting in the United States, will be held on Friday, May 3, 2013, at 2 PM ET.  Register here:

https://www1.gotomeeting.com/register/989588280

The 285-page report analyzes sustainability disclosures on a sector-by-sector basis, and examined a total of 56,000 individual data points, across both mandated SEC filings and voluntary sustainability reports issued in 2012.  It looks at industry trends and regulatory developments, presenting the results of a months-long analysis that looks at the extent to which companies are combining traditional financial reporting with quantifiable environmental and social metrics in their securities filings and sustainability reports.

Download the report and read the press release here:

http://irrcinstitute.org/news/first-comprehensive-study-on-state-of-integrated-reporting-in-united-states_pr_04_29_2013.php

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Nuclear Power Safety Shareholder Proposal at Entergy

April 30, 2013

The New York State Common Retirement Fund has proposed several shareholder resolutions about nuclear power safety during the 2013 proxy season, continuing inquiries it began in the wake of the Fukushima nuclear disaster.  This year’s proposal asks for a “policy to better manage the dangers that might arise from an accident or sabotage by minimizing the storage of waste in spent fuel pools and transferring such waste at the earliest safe time into dry cask storage,” and a report for investors.

The request comes in the wake from recommendations in two recent reports that nuclear plant operators transfer spent fuel to dry cask storage as soon as possible and take other steps to safeguard facilities and communities to avoid catastrophic events should accidents or terrorist attacks occur.  Entergy says that given the extensive regulations governing its operations and its own, time-tested programs, management and the board are best left to make decisions surrounding spent fuel storage.  It also says that the proponent’s proposal is overly prescriptive and would bind it to operating procedures that might not be the most prudent for the company or its shareholders.

Read Si2’s report on the resolution and background on the subject:

2013 SI2 Action Report – Entergy – Environmental Management FINAL-Blog