Listen to Caio de Oliveira, policy analyst for the Directorate for Financial and Enterprise Affairs at the OECD
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In this Frankly Speaking episode, we put the spotlight on a new report produced by the OECD and analysing the state of corporate sustainability reporting in the world.
To discuss it, we welcome Caio de Oliveira, policy analyst within the Directorate for Financial and Enterprise Affairs at the OECD.
Caio has had major responsibility in producing the report and who leads the sustainability work streams at the OECD on behalf of the Corporate Governance Committee and the Financial Markets Committee at the organisation. Caio has previously worked for the Brazilian government's Economic Ministry and for the country's Securities and Exchange Commission (CVM).
In this episode, you’ll hear more about:
“From a capital markets perspective, the most important key issue that can really drive change is better information. The report shows that most large companies in most jurisdictions already report environmental and social information. So the question now is not really whether those large companies should disclose but much more about the quality of the disclosure.”
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
