Corporate responsibility reporting 2011 trends

Toby Webb, Founder/Chairman, Ethical Corporation, CEO and Founder, Stakeholder Intelligence Ltd 15-16 November 2011. Ethical Corporation Annual Reporting & Communications Conference, London Sustainability reporting: 2011 Highlights

Reporting in 2011: Headlines
A good time to be a corporate sustainability and responsibility reporting expert? It seems that way...
96% 250 largest companies report on on E&S performance. Increase: 16% since 2008
83 percent of the top 100 U.S. companies report (2008 = 74%)
Reputation major driver, Ethics second
95% of Global Fortune 250 (G250) reports CR activity

Reporting in 2011: Headlines
50% of companies say gaining financial value as a result
US 'global leader'? Scale of economy means US firms using GRI make up 10% of total
More than 1,800 companies worldwide prepared reports using the GRI framework in 2010, up 22% from 09 (GRI)
GRI says 2,200 companies worldwide to work on GRI-based reports in 2011
That’s from 45,000 publicly listed companies world-wide: A rise of 400 per year…

Business case and sector improvements
Bigger companies twice as likely to report as those with revenues under $1 billion
48% of Top 100 companies claim cost savings through CR initiatives
47% say increased revenues and/or their position in the current market through CR measures
Best performing sectors for CR reporting: Forestry, pulp and paper (84%), mining (84% and automotive (78%)
Greatest improvement since '08: Construction (65% in 2011 from 32% '08) and Pharmaceuticals (64% from 25% in '08)

Issues coming up the agenda
Water and Carbon high on reporting agenda: CDP to report corporate survey results on water December 2011
Ethical Corporation research shows large companies pushing transparency and data requirements into Tier One suppliers: Energy, Carbon, Water top areas of interest
Microsoft (‘11) and Wal-Mart (‘09) notable cases. SEDEX and the Fair Factories Clearinghouse seeing rise in data flowing in from both suppliers and brands
2011: World Resources Institute and World Business Council on Sustainable Development released biz standards to measure, report & manage carbon emissions in supply chains and throughout product life cycles through Greenhouse Gas Protocol

Issues coming up the agenda
Integrated reporting on the rise. Some say it's investor driven.
International Integrated Reporting Committee framework for integrated reporting: Aims to unite standards for financial reporting (IFRS and US GAAP) with GRI
40 company pilot scheme for 12 months to apply draft principles: Coca-Cola Co, Microsoft Corp, Volvo, Deloitte & HSBC
Is there a danger that integrated reporting will water down sustainability reporting?... To be discussed.
Sources: KPMG surveys, BNA Daily Environment Report, Ethical Corporation

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Corporate responsibility reporting 2011 trends

by Toby Webb on Nov 13, 2011

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Corporate responsibility reporting 2011 trends — Presentation Transcript