The reaction of the G20 to the financial crisis of 2008 as well as energy and climate change initiatives have helped to overcome difficulties in these fields through creative and effective measures to deal with market instabilities and to increase trust in capital markets. Likewise, an upcoming proposal of the International Integrated Reporting Council to the G20, at the Rio 20 conference in 2012, may help putting sustainability reporting on the agenda of the world 20 largest economies. Also, the UN included Sustainability Reporting in its agenda and proposes concrete action. Together, the G20 and the UN can legitimate international action on sustainability reporting.
European Company Law