Ex-Finance chief elected to global sustainability body

Posted at 03/24/14 10:52 AM

MANILA, Philippines - Philippine Veterans Bank (PVB) chairman and former finance chief Roberto F. de Ocampo, O.B.E., was recently elected as member of Board of Directors of Global Reporting Initiative (GRI).

The Netherlands-based GRI said the appointment of new directors would contribute “to maintaining and reinforcing an organizational approach based on bridge-building, as well as adds diverse voices and specialism.”

GRI's sustainability guidelines are being adopted by corporate entities including the Global Fortune 250 companies.

During the induction meeting at GRI secretariat in Amsterdam, de Ocampo vowed to promote sustainable global economic reporting which take into account social and environmental justice in governance and corporate activities that will safeguard the needs of the future.

He also said that sustainable development will not only help economies around the world to meet their present needs and secure their future growth but it will also alleviate poverty in the long term.

"GRI promotes the use of sustainability reporting as a way for governments and multinational corporations to become sustainable and contribute to sustainable development. I am honored to be part of this initiative of leading professionals to implement a framework that will deal not only about pressing sustainability problem but also accountability and transparency,” de Ocampo said.

At the same time, PVB said that it takes pride in recognizing that the bank’s chairman becomes the first Filipino voted in the GRI Board to represent the region of Asia.

Aside from de Ocampo, GRI's new board members include Alexandra Watson, Eric Hespenheide, Manfred Warda, Pavan Sukhdev, and Roberto Waack. They will each serve terms to December 2016 and take a leading role in GRI’s strategic approach to promoting change towards a sustainable global economy, and increasing corporate transparency and accountability, the GRI reports.

GRI is a well-known pro-sustainability group in the non-government organizations community. It has global strategic partnerships with the Organization for Economic Co-operation and Development (OECD), the United Nations Environment Programme and the United Nations Global Compact. The organization enjoys a variety of synergies with the guidance of the International Finance Corporation, the International Organization for Standardization’s ISO 26000, the United Nations Conference on Trade and Development, and the Earth Charter Initiative.