A UN development panel concluded that climate change is too important an issue to leave off of corporate disclosure forms. [Reuters]
Big companies should report their impact on the environment in addition to their earnings under a U.N. plan to boost economic growth and ease poverty by 2030, according to recommendations by a panel of world leaders released on Thursday.
Slowing climate change and protecting the environment should be at the core of global development, said the 27-member panel, led by British Prime Minister David Cameron, Indonesian President Susilo Bambang Yudhoyono and Liberian President Ellen Johnson Sirleaf.
“There is one trend – climate change – which will determine whether or not we can deliver on our ambitions,” the report said. “Without environmental sustainability, we cannot end poverty; the poor are too deeply affected by natural disasters and too dependent on deteriorating oceans, forests and soils.”
The report – handed over by Yudhoyono to U.N. Secretary-General Ban Ki-moon in New York – recommends 12 so-called illustrative goals to replace eight Millennium Development Goals that were aimed at reducing poverty and hunger. Those goals were agreed to by world leaders in 2000 and expire in 2015.