CSR reporting moving up in importance
Almost half of the Global Fortune 250 report gaining financial value from their CR initiatives
By CFOWorld.co.uk | CFO UK | Published 15:49, 07 November 11
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.
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