Statement of Glenn Stuart Hodes Climate Policy Expert 6) Corporate social responsibility policy frameworks could not only stipulate total minimum thresholds as a share of pre-tax turnover but also specific percentages to be earmarked for allocations to programmes that directly address community climate adaptation and disaster prevention priorities. Principles and models can also be elaborated for promoting energy efficiency and emission reductions as part of sustainable business, such as in China.21 Guidelines to increase the effectiveness of this investment source in India were developed.22 7) Elaborating and strengthening transparency and accountability principles, systems, and mechanisms for climate finance (both domestic and international) allocated through national and sub-national budgets, dedicated climate and disaster management funds such as the People’s Survival Fund, state owned enterprises, and business investment. Mechanisms can include strengthening the capacity of existing environmental desk in the Ombudsperson Office, increasing participatory budgetary processes, undertaking more random auditing of programmes and expenditure tracking surveys that trace fund flows down to the beneficiary level by the Commission on Audit of the Philippines and other accountability actors. Already, climate change is mandated to be integrated into budget allocations and a sophisticated system for tagging climate-relevant expenditure exists. The public availability of spending information is commendable. Additional efforts by CCC may focus on incorporating incentives and guidelines to further prioritize areas where scientific evidence shows a higher degree of vulnerability. Cambodia for example reviews its climate budgeting priorities twice a year under its National CC Financing Framework. 8) Respecting media and CSO roles in oversight. An independent media serves as a watch dog for effective oversight of climate action and can play an indispensable role in informing the public on risks. The Human Rights Commission and other accountability institutions can support adherence to existing media freedom rights and freedom of information laws. They can also undertake efforts to educate media organizations and related CSOs on these topics and related journalism safety rights.23 20 August 2018 21 UNIDO 2011. Guidelines on Climate Change and Corporate Social Responsibility. Action on Climate Today. Private Sector Approaches for Climate Change Adaptation October 2017. 23 In Pakistan, for example, the Council of Pakistani Newspaper Editors has published a handbook on climate-smart reporting including a section on monitoring climate finance as well as a safety guidebook for journalists and media persons. 22 6