|Posted on February 20, 2012 at 12:45 AM|
Legislation and Compliance seem to be leading the Green Movement, albeit not driven by Government. In many instances across the globe, progressive countries take the lead role instead of waiting for government to take action. Governments by their mere form are notoriously slow and it is therefore the organisations and lobbyists with the foresight who will and are driving the green revolution.
Mervyn Kings GRI has attracted yet another body into the sustainability reporting arena. The Code for Responsible Investing in South Africa (CRISA) was launched last July and became effective at the beginning of Feb 2012. Whilst not legislation, CRISA encourages all institutional investors to integrate sustainability and triple bottom line principles into their investment decisions. There are basically 5 principles which guide the Investment industry and summary can be found at http://www.asisa.co.za/index.php/info-centre/responsible-investment.html
The consumer will become more an more influential in how organisations produce package and deliver their products and it is very interesting to witness the shift of power back to the consumer.
Categories: SA Legislation