We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedChange Management

CSR reporting moving up in importance


Almost half of the Global Fortune 250 report gaining financial value from their CR initiatives

Article comments

Almost every Global Fortune 250 company now reports its corporate responsibility with the UK topping the global ranking, according to new analysis on Monday.

An emphatic 95 percent of the G250, and 64 percent of the largest 100 companies in each country - representing increases of 14 and 11 percent respectively since KPMG's previous survey in 2008 – now report on corporate responsibility.

Almost half (47 percent) of the G250 companies report gaining financial value from their initiatives, according to the research by KPMG.

The study - believed to be the most comprehensive survey of corporate responsibility reporting ever published - analysed data from 3,400 companies worldwide, including the G250 and the largest 100 companies across 34 countries and 15 industry sectors.

Vincent Neate, who leads KPMG's UK climate change and sustainability practice, said: "It's heartening to find that without exception, the UK's largest companies are monitoring and reporting on their CR behaviour.

"It's the latest indicator of CR's move up the corporate agenda, which is entirely sensible given its relationship to sound commercial concerns such as cost reduction, risk management, regulatory compliance and brand enhancement.

The latest analysis throws more weight behind the belief that reporting on environmental and social matters has moved from being a moral to a critical business imperative.

Reporting by pharmaceuticals, consumer markets, and construction industries more than doubled since 2008.

Share:

Recommended Articles

Comments

CSR reporting moving up in importance
Change Management

Ocado: Online food is not our bread and butter

Ocado: Online food is not our bread and butter

ComputerworldUK meets Ocado CTO Paul Clarke to find out why the company believes it is a tech company, not a retailer, at heartmore ..


Big increase in UK online sales tracked by IMRG Capgemini

Estimated £8.1 billion spent onlinemore ..

BHP Billiton names CFO Graham Kerr boss of new demerger business

BHP Billiton announced plans to separate its main business to simplify the group and boost shareholder valuemore ..

Online retailers to benefit from superfast broadband

Government hopes that 95 percent of the population will have superfast broadband by 2017more ..

How new technologies are 'disrupting' shared services

A whole new model with less staff, more focus on intellectual capabilities and localised staffing is evolvingmore ..

Car industry’s greatest challenge is the shift to software

BMW’s outage illustrates the minefield manufacturers are navigating in light of the connected carmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *