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Home » US Law » 2022 Rhode Island General Laws » Title 5 - Businesses and Professions » Chapter 5-89 - Transparency and Sustainability Standards for Rhode Island Businesses Act

Section 5-89-1. – Purpose.

§ 5-89-1. Purpose. The purpose of this chapter is to support Rhode Island business entities in their global sustainability efforts by providing this enabling legislation that permits a Rhode Island entity to signal its commitment to global sustainability. This chapter does not purport to prescribe which sustainability standards an entity chooses to adopt. Thus, a […]

Section 5-89-10. – Enabling.

§ 5-89-10. Enabling. This act is enabling and applies only to those businesses that seek to become certified as a reporting entity and that comply with all applicable registration requirements. Reporting entities are enabled to craft whatever sustainability blueprint they require that meets their specific needs as there is no single blueprint for best practices […]

Section 5-89-2. – Legislative findings.

§ 5-89-2. Legislative findings. The legislature finds that: (1) The state of Rhode Island is committed to initiatives designed to support sustainability practices by providing a platform for manufacturers and businesses to demonstrate their corporate commitment to social responsibility and sustainability. (2) The Rhode Island department of environmental management has a suite of voluntary green […]

Section 5-89-3. – Definitions.

§ 5-89-3. Definitions. As used in this chapter only, the following terms shall have the following meanings: (1) “Acknowledged” means with respect to any document or instrument required to be executed by an authorized person pursuant to this chapter, the authorized person executing the document or instrument has certified, under penalty of perjury, that the […]

Section 5-89-4. – Certificate of adoption of transparency and sustainability standards.

§ 5-89-4. Certificate of adoption of transparency and sustainability standards. (a) The secretary of state, in coordination with the director of the department of environmental management, shall issue a certificate of adoption of transparency and sustainability standards to any entity if the secretary of state shall have determined that the following conditions have been satisfied: […]

Section 5-89-5. – Statement of adoption of transparency and sustainability standards.

§ 5-89-5. Statement of adoption of transparency and sustainability standards. If the governing body of an entity has adopted resolutions setting forth the entity’s standards and assessment measures, the entity may file a standards statement that: (1) Acknowledges that the governing body of the entity has adopted resolutions setting forth the entity’s standards and assessment […]

Section 5-89-6. – Reporting entity status — Renewal statement.

§ 5-89-6. Reporting entity status — Renewal statement. (a) A reporting entity shall become a nonreporting entity on January 1 of the following year if the reporting entity shall have failed to submit the renewal statement to the secretary of state in accordance with this chapter without the need for further action by the secretary […]

Section 5-89-7. – Restoration statement.

§ 5-89-7. Restoration statement. (a) If any reporting entity shall become a nonreporting entity for failure to file a renewal statement, it may file a restoration statement. The restoration statement shall: (1) Acknowledge that any changes since its most recent filing of a renewal statement or restoration statement, or, if no renewal statement or restoration […]

Section 5-89-8. – Limitation of liability.

§ 5-89-8. Limitation of liability. Neither the failure by an entity to satisfy any of its standards, nor the selection of specific assessment measures, nor any other action taken by or on behalf of the entity pursuant to this chapter, or any omission to take any action required by this chapter to seek, obtain, or […]

Section 5-89-9. – Fees.

§ 5-89-9. Fees. No document required to be filed under this chapter shall be effective until the applicable fees required by this section are paid and upon the receipt of a statement under § 5-89-5, the fee for which shall be one hundred dollars ($100); or a renewal statement under § 5-89-6, the fee for […]