The quality of corporate nonfinancial reporting among leading companies is improving and sustainability reporting is now the norm for the world’s leading companies, according to research from the World Business Council for Sustainable Development.
The research sample, composed of WBCSD’s membership and reviewed using criteria developed by London agency Radley Yeldar, shows companies are increasingly demonstrating how trends in the external environment inform corporate strategy. This reflects progress on the long-standing reporting challenges of prioritization of key nonfinancial issues, and connectivity of the content disclosed.
Many also set ambitious goals against the issues most material to their business, track progress through key performance indicators, and provide a balanced picture of performance of their businesses over time.
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Source: Environmental Leader