Global Compact members attend workshop on non-financial reportingKyiv, 19 June, 2007, President Hotel Kyiv United Nations in Ukraine organized a training workshop on Non-financial Reporting for the Ukrainian Global Compact members. Global Compact members attend workshop on non-financial reportingKyiv, 19 June, 2007, President Hotel Kyiv United Nations in Ukraine organized a training workshop on Non-financial Reporting for the Ukrainian Global Compact members. Global Compact members attend workshop on non-financial reportingKyiv, 19 June, 2007, President Hotel Kyiv United Nations in Ukraine organized a training workshop on Non-financial Reporting for the Ukrainian Global Compact members.

The training was conducted by Ms. Elena Topoleva and Mr. Andrey Topolev, international experts with extense experience in consulting companies in Russia and abroad on non-financial reporting.

Throughout the world, the issue of non-financial reporting on economic, environmental, and social performance is becoming increasingly important for companies, and Ukraine is not an exception. The customers, governments, CSO, and investors are calling companies for more transparency, accountability and understanding of their impact on social development and environmental impact.

The workshop provided the participants with an overall view of the development of non-financial reporting internationally and with information on the existing reporting initiatives such as Global Reporting Initiative (GRI) and Accountability 1000. A special focus of the workshop was put on Communication on Progress (COP) reporting as this is one of the explicit commitments that a company makes when it participates in the Global Compact.

"Companies are encouraged to develop social reporting by the society. It is high expectations of the stakeholders and the pressure of the competitors that companies are facing and have to overcome by claiming their leadership and demonstrating responsible social behavior", stated Ms. Topoleva in her presentation. "Non-financial reporting also is a key that grants access to the capital markets", she added.

The event gathered 26 representatives of Ukrainian Global Compact companies-leaders in corporate social responsibility. The topic of the workshop
proved to be of high interest to the participants and encouraged constructive questions and vital discussion among them.

As a result of the workshop, participants together with UN Global Compact Team agreed to create a working team consisting of the GC member companies-champions that are to develop the Ukrainian template for COP reporting in partnership and with the support of the UN GC Team and taking into consideration the pecularities of the Ukrainian market. Later, the template will be used by Global Compact members in their annual reporting on the implementation of the ten Global Compact principles.


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For further information, please contact: GC Communications Officer Ms. Alexandra AFANASIEVA at aleksandra.afanasieva@un.org.ua, tel: 8044-253-9363. More information at http://www.un.org.ua/