Press release dated of 19 March 2012 From a Stewardship Working Party consisting of Aviva Investors, BlackRock, Governance for Owners, Railpen Investments, Ram Trust and USS supported by Tomorrow’s Company  Investors publish recommendations and road map for improving quality of stewardship

Tomorrow’s Corporate Reporting: A critical system at risk focuses on the systems architecture and the behaviours and values of its stakeholders. Not on the content of the ‘ideal corporate report’. By corporate reporting we mean all the mechanisms by which companies communicate their performance and activity to their stakeholders, with a particular emphasis on the flow of information into the investment community.The study looked at:What aspects of the system are preventing or supporting the effective development of corporate reporting? And what changes are needed to make the system fit for purpose for the future? During the research, 145 individuals provided evidence, were interviewed or engaged through roundtable discussions, representing 118 organisations from 22 countries across five continents. The report explains the components of the current system and highlights that very few, if any, stakeholders see it as a system – rather they see particular pieces of the jigsaw. The...

Integrating strategies for corporate responsibility and evaluating their impact, both sociallyand environmentally, is becoming increasingly critical to business. Companies are seekingways to successfully put their strategies on sustainability into practice - strengthening theconnection between corporate responsibility and global competitiveness. This paper summarises the key discussion points from a high level roundtable discussionorganised by CIMA and Tomorrow’s Company, where senior business decision makers met with experts in sustainability. Anant Nadkarni, Vice President, Group Corporate Sustainability, Tata Council for Community Initiatives (TCCI) presented the Tata Index to the group.  This has been captured on video and can be found here.

Natural capital – our ecosystems, biodiversity, and natural resources – underpins economies, societies and individual wellbeing. The values of its myriad benefits are, however, often overlooked or poorly understood. They are rarely taken fully into accountthrough economic signals in markets, or in day to day decisions by business and citizens, nor indeed reflected adequately in the accounts of society. The steady loss of forests, soils, wetlands and coral reefs is closely tied to this economic invisibility. So too are the losses of species and of productive assets like fisheries, driven partly by ignoring values beyond the immediate and private. We are running down our natural capital stock without understanding the value of what we are losing. Missed opportunities to invest in this natural capital contribute to the biodiversity crisisthat is becoming more evident and more pressing by the day. The degradation of soils, air, water and biological resources can negatively impact on...

Savings and investments form part of the central nervous system of a developed economy. The health of that system influences the behaviour and well-being of citizens and companies alike. The findings of this inquiry represent a vision of a better investment system, developed by those who work in it.