December 12, 2007—All 55 state-owned companies in Sweden have to file an annual sustainability report based on the Global Reporting Initiative (G3) Guidelines before March 31 of each year from 2009, the Swedish government just announced.
In a bid to improve the sustainability performance of state owned companies and ensure the effective and transparent use of public money, the Swedish government has become the first government in the world to introduce such sustainability reporting measures.
Mervyn King, Chairman of the GRI Board of Directors, welcomed the move. “In using the GRI G3 Sustainability Reporting Guidelines, Swedish state-owned companies will have at once an excellent internal management tool and the most widely recognized external reporting framework. The users of the information will have a more informed assessment of these companies’ performances. It will also enhance their brand, reputation, marketplace differentiation from other companies, and will give them a competitive edge over companies not reporting.”
For more information on the G3 Guidelines, visit the GRI Web site.
