Corporate reporting shows increased focus on global issues

26th October 2018


Web green graph istock 874446244

Related Topics

Related tags

  • Reporting ,
  • Sustainable Development Goals

Author

IEMA

There has been a significant increase in the number of businesses that acknowledge global issues like climate change and human rights in their corporate reports over the last few years.

A study of more than 158 leading companies across 31 countries has found that eight in ten have improved the robustness of their sustainability reporting since 2014.

Almost nine in ten at least acknowledge the UN’s Sustainable Development Goals (SDGs), while half map their strategies against the targets and provide evidence of activities.

It was also found that eight in ten now reference the Global Reporting Initiative, and that more than half have transitioned to the standards launched by the organisation in 2016.

Peter Bakker, CEO of the World Business Council for Sustainable Development (WBCSD), which carried out the study, said the rise in good practice was “only the beginning”.

“We are seeing many businesses go beyond disclosure in the areas of climate change, human rights and water,” he continued. “Many are taking action with an eye on having a global impact.”

“This is likely being driven by local regulatory changes and an evolving understanding of how to measure and value natural, social and human capital.”

The WBCSD study is part of the organisation’s annual Reporting matters review, and was co-produced by consultancy firm Radley Yeldar.

It also found that 39% of the 115 companies studied with ESG data on Bloomberg Terminals have links between sustainability performance and executive remuneration.

One-third of the corporate reports reviewed combine financial and non-financial information, up from 22% in 2014, while 18% are self-declared integrated reports.

In addition, a continued movement towards digital reporting was identified, with 53% of the companies including the bulk of their report online this year, up from 44% in 2017.

“To be successful in the long term, companies need to be able to understand and effectively disclose information on the key strategic assets that they are building, and resulting corporate performance,” WBCSD chair, Sunny Verghese, said.

“The Reporting matters project is helping business understand how to truly measure and transparently disclose performance in the context of new and emerging sustainability risks and opportunities beyond technical disclosure.”

Image credit: iStock

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

How much is too much?

While there is no silver bullet for tackling climate change and social injustice, there is one controversial solution: the abolition of the super-rich. Chris Seekings explains more

4th April 2024

Read more

One of the world’s most influential management thinkers, Andrew Winston sees many reasons for hope as pessimism looms large in sustainability. Huw Morris reports

4th April 2024

Read more

Alex Veitch from the British Chambers of Commerce and IEMA’s Ben Goodwin discuss with Chris Seekings how to unlock the potential of UK businesses

4th April 2024

Read more

Regulatory gaps between the EU and UK are beginning to appear, warns Neil Howe in this edition’s environmental legislation round-up

4th April 2024

Read more

Five of the latest books on the environment and sustainability

3rd April 2024

Read more

Ben Goodwin reflects on policy, practice and advocacy over the past year

2nd April 2024

Read more

In 2020, IEMA and the Institute and Faculty of Actuaries (IFoA) jointly wrote and published A User Guide to Climate-Related Financial Disclosures. This has now been updated to include three key developments in the field.

2nd April 2024

Read more

Hello and welcome to another edition of Transform. I hope that you’ve had a good and productive few months so far.

28th March 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close