Only 44% of the largest European companies explain in their management reports how their business models are affected by climate change or environmental challenges, a new review of company reporting under the EU’s flagship environmental reporting law has found. ‘First >>> read more
News
S&P 500 Firms Expand Sustainability Data in Financial Filings, But Slow to Adopt Fully Integrated Reporting
Source: , 28 November 2018Large public company sustainability reporting is maturing rapidly, with financial data presented alongside growing social and environmental metrics and quantified goals. But despite investor interest, most companies in the S&P 500 have not adopted fully integrated corporate reporting, a new >>> read more
Dutch policies for company transparency on sustainability performance need to be improved
Source: , 27 November 2018According to a new EU directive on non-financial information, companies are accountable for how they deal with societal interests. The directive requires that companies publicly report on their impacts on society. This requires comparable, accessible, relevant and complete information. The >>> read more
Businesses fail to report sustainable development goals (SDGs)
Source: , 26 November 2018PwC published it’s 2018 SDG Reporting Challenge, having looked at the corporate and sustainability reporting of over 700 listed companies across 21 countries and six broad industry sectors, to test the integration of the SDGs into business strategy, planning and >>> read more
Should FASB And IASB Set Standards For Nonfinancial Information?
Source: Forbes, 26 November 2018On December 11, 2018, a debate will be held at the Oxford Union regarding the “Motion: This House believes that corporate sustainability reporting should be mandated, and standardised by FASB and IASB, for it to be most useful for investors.” It will be chaired by Lady >>> read more
SPE and IOGP Formalize Existing Collaboration on Sharing Knowledge, Improving Sustainability Reporting
Source: , 20 November 2018The Society of Petroleum Engineers (SPE) and the International Association of Oil & Gas Producers (IOGP) have signed a memorandum of understanding (MOU). This formalizes and expands existing arrangements to share technical knowledge and collaborate on meeting the world’s energy >>> read more
GRI, The world’s #1 sustainability reporting standards published in Arabic
Source: , 20 November 2018The Global Reporting Initiative (GRI) is pleased to announce its Sustainability Reporting Standards are now available in Arabic. Sustainability reporting is a company’s practice of publicly disclosing its impacts on the surrounding world. It has quickly become common practice among >>> read more
Companies Face Greater Scrutiny for Misleading Environmental Claims and Nonstandard Sustainability Reporting
Source: , 19 November 2018As more companies recognize the value of enhanced sustainability reporting and publicize the positive environmental features of their products and services, they should also be attentive to greater public scrutiny of “green” claims. Companies that engage in greenwashing—asserting exaggerated, misstated, >>> read more
European Lab Steering Group appointed focussing on non-financial reporting
Source: , 17 November 2018The European Financial Reporting Advisory Group (EFRAG) is pleased to announce that its General Assembly has appointed the members of the inaugural Steering Group of the European Lab@EFRAG (the ‘European Lab Steering Group’), selected from a broad range of stakeholder >>> read more
Sustainability reporting: 4 things companies get wrong
Source: , 16 November 2018From 100-page disclosures to a lack of standardisation in reports, here are four essential mistakes that companies make in their sustainability reports, according to GRI chief Tim Mohin. Some sustainability reports published today can run into the hundreds of pages, and busy executives >>> read more
New insights into “what investors want” with respect to non-financial information shows a need for enhancing credibility
Source: , 13 November 2018The World Business Council for Sustainable Development (WBCSD) and PwC released a new report focused on what investors need in order to make decisions that consider non-financial information – that is, information outside of financial statements including environmental, social and >>> read more
CSE’s 3rd annual report finds AI and Blockchain growing nearly as quickly as UN SDGs in Sustainability Reporting
Source: , 9 November 2018The Centre for Sustainability and Excellence (CSE) announces its third annual report on Sustainability (ESG) Reporting Trends: North America 2018. This research provides a useful and convenient representation of the current state of Sustainability Reporting. It focuses on companies and organizations >>> read more