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SA is pilot site for HIV/AIDS Global Reporting Initiative
01 May 2003. Cape Argus. Republished courtesy of Independent Newspapers (Pty) Ltd.
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South Africa has been chosen as the pilot site for the testing of the first phase of the Global Reporting Initiative, and is expected to lead the way indeveloping a set of internationally recognised HIV/AIDS reporting standards for business.
The mission is to develop guidelines in terms of social, economic and environmental aspects.
The country's biggest healthcare consultants, Alexander Forbes, announced its support this week for the draft reporting document on HIV/AIDS by listed companies, which addresses the debate around to what extent corporations should disclose the impact of HIV/AIDS on their business.
Currently, this disclosure is optional.
Colin Hundermark, of Alexander Healthcare Consultants, said reporting on the quantification of costs of HIV/AIDS on business would not be possible until the impact of the pandemic on businesses was better understood. The draft document on HIV/AIDS reporting will be revised, based on the public comments and feedback from the pilot testing conducted by South African companies.
The JSE, with the SA Institute of Chartered Accountants, is developing a set of HIV/AIDS disclosure requirements for listed companies. The requirements will be developed with the additional guidance of the Global Reporting Initiative and input from the Actuarial Society of South Africa. |
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