Risk & Opportunity: Best Practice in Non-Financial Reporting
The financial sector - including insurers, reinsurers, lenders,
investors and analysts - is beginning to wake up to a range of
non-financial issues. Even the best current non-financial reporting by
companies may not yet meet their needs, but the convergence of the
financial and non-financial worlds is now under way.
This is a key conclusion of Risk & Opportunity: Best Practice in Non-Financial Reporting,
SustainAbility's sixth benchmark survey of corporate non-financial
reporting with UNEP - and our first in partnership with Standard &
Poor's.
The good news is that this latest survey finds that some companies
have made massive progress in responding to demands for improved
transparency on key issues of corporate responsibility.
Underscoring the trend, the Top 50 rankings are rocked by a massive
influx of new entrants. The bad news is that most companies still fail
to identify material strategic and financial risks and opportunities
associated with the economic, social and environmental impacts captured
by the 'triple bottom line' agenda.
Risk & Opportunity considers the question: Is the glass
of non-financial reporting (and wider sustainability reporting)
currently half full, as enthusiasts might argue, or half empty, as some
critics allege? The evidence suggests an increasingly positive
assessment, though there are still major gaps to be closed in the
linked fields of disclosure, reporting and communication.
Contact:
Jean-Philippe Renaut
Manager
renaut@sustainability.com
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