The Future of
Corporate
Sustainability
Reporting
Corporate Sustainability Reporting:
A Mainstream Practice…
KPMG Survey of Corporate Responsibility Reporting:

2013?
Sourc...
But Still a Maturing Practice…
Data quality continues to be a significant issue among companies issuing
sustainability rep...
And a need to improve effectiveness

“We believe that reporting practices
need to change to ensure that
businesses are tru...
2013: A Milestone Year

UNGC Advanced
Reporting Requirements
UK’s Strategic
Report Guidelines

IIRC Integrated
Reporting F...
Panel Discussion

Katie
Schmitz Eulitt

Mike
Wallace

Director, Stakeholder
Engagement

Director,
Focal Point USA

SASB

G...
© 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independ...
Panel Discussion

Katie
Schmitz Eulitt

Mike
Wallace

Director, Stakeholder
Engagement

Director,
Focal Point USA

SASB

G...
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Future of corporate sustainability reporting

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Brad Sparks
Director, KPMG International Global Citizenship

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Future of corporate sustainability reporting

  1. 1. The Future of Corporate Sustainability Reporting
  2. 2. Corporate Sustainability Reporting: A Mainstream Practice… KPMG Survey of Corporate Responsibility Reporting: 2013? Source: KPMG International Survey of Corporate Responsibility Reporting 2011 © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
  3. 3. But Still a Maturing Practice… Data quality continues to be a significant issue among companies issuing sustainability reports with 33% of the largest 250 global companies issuing a restatement to CR report Restatements due to updated calculation methodology Update of scope Restatements due to error or omission Update of definitions applied 0% 10% 20% 30% 40% 50% * Source; © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. 60% Audit Analytics, 2011
  4. 4. And a need to improve effectiveness “We believe that reporting practices need to change to ensure that businesses are truly valued on what is important, that stakeholders have timely information, and that reports are read and used by investors and other stakeholders.” -- Peter Bakker, President & CEO, WBCSD © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
  5. 5. 2013: A Milestone Year UNGC Advanced Reporting Requirements UK’s Strategic Report Guidelines IIRC Integrated Reporting Framework EC Directive TEEB: Natural Capital Accounting The B Team SASB CDP Expands GRI’s G4 Guidelines © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
  6. 6. Panel Discussion Katie Schmitz Eulitt Mike Wallace Director, Stakeholder Engagement Director, Focal Point USA SASB GRI © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. 5
  7. 7. © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
  8. 8. Panel Discussion Katie Schmitz Eulitt Mike Wallace Director, Stakeholder Engagement Director, Focal Point USA SASB GRI © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. 7

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