UN panel recommends big firms file environmental reports

"Without environmental sustainability, we cannot end poverty; the poor are too deeply affected by natural disasters and too dependent on deteriorating oceans, forests and soils," the 27-member panel said, according to Reuters.

British Prime Minister David Cameron and Indonesian President Susilo Bambang Yudhoyono were two of the bigger names on the panel.

The roughly 100-page plan put environmental efforts at the center of global strategies to mitigate poverty and buoy economies.

It said about one-quarter of businesses currently file environmental reports.

“We suggest that a mandatory ‘comply or explain' regime be phased in for all companies with a market capitalization above $100 million equivalent," the report said, according to Reuters.