GLOBAL REPORTING INITIATIVE – Reporting corporate economic, environmental and social performance is entering a new phase, moving from a pioneering and experimental practice to become standard practice, say sustainability reporting experts. The number of reports continues to increase, as does the variety of organizations that report, according to the Global Reporting Initiative (GRI)’s Year in Review 2010/11.
HAZEL HENDERSON – Every country in the world is actively participating in preparations for Rio+20, the follow-up Earth Summit in Brazil, June 2012, to stimulate the transition to a green economy. The powerful 34 countries of the OECD (Organization for Economic Co-operation and Development) have a Green Growth Strategy; the EU views “a transition to a green economy is imperative;” the U.S. focuses on “elimination of fossil fuel subsidies;” and Switzerland calls for a “green economy roadmap.”
KENNETH RAPOZA – The economic crisis in advanced economies is accelerating the timeline in which big emerging nations like China rule the global economy. Instead of the market focusing on American shopping habits, they’ll be focused on consumers in Shanghai and Mumbai. Unless the US can recover the 8.5 million jobs it lost in the recession, and unless incomes begin rising, the US will be knocked off its pedestal within a generation. The post-Western world is coming faster than we think.