Sustainability Should Be at the Center of Corporate Governance: UNEP Report

Sustainability Should Be at the Center of Corporate Governance: UNEP Report

by Vikas Vij

Multimedia from this Release

Tuesday, June 24, 2014 - 4:00pm



A new model of governance for sustainability seeks to identify corporate governance practices that can effectively bring about a culture of sustainability within business organizations. In an integrated system of governance, sustainability issues are incorporated in a way that leads to value creation for the business and achieves beneficial outcomes for all stakeholders in the long term.

The model is proposed in “Integrated Governance – A New Model of Governance for Sustainability,” a new report released by the United Nations Environment Program Finance Initiative (UNEP FI), a global UN-private financial sector joint initiative. The report is produced by the Asset Management Working Group (AMWG) of the UNEP FI, and published upon the annual conference of the International Corporate Governance Network.

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Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.