MANILA, Philippines - Philippine Veterans Bank (PVB) chair and former finance chief Roberto F. de Ocampo, has been elected member of board of directors of Global Reporting Initiative (GRI).
The Netherlands-based GRI, with sustainability guidelines being adopted by corporate entities including the Global Fortune 250 companies (based on KPMG 2011 reports), has announced that that 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.â€
The voting of directors was conducted by GRI Stakeholder Council (SC). The three governance bodies of GRI composing of the Board, SC and Technical Advisory Committee (TAC) oversee GRI’s activities and play a leading role in the development of Sustainability Reporting Framework.
During the induction meeting at GRI secretariat in Amsterdam, De Ocampo thanked the board and 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.
In a press statement, the 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.