The recently published KPMG International Survey of Corporate Responsibility Reporting 2013, found that non-financial reporting is an upward trend, with almost three quarters of the largest companies in 41 countries worldwide producing Corporate Responsibility (CR) reports every year.
Almost 80 percent of the 4,100 companies issuing CR reports globally use the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines, according to KPMG.
While much of this upward trend in reporting is voluntary, the introduction of reporting regulation by governments and stock exchanges has also played an important role in driving corporate transparency and accountability. Regulation has resulted in almost 100 percent reporting rates in countries such as Denmark, France and South Africa, says KPMG.
The survey concludes that, with CR reporting now standard practice among large companies worldwide, the focus of the debate is shifting from whether companies should report, to questions of quality and good practice in reporting; including how companies should tackle key issues such as materiality and stakeholder engagement.
Greenstone’s enterprise-grade software is G4-certified by GRI and can help organisations to gather, manage and report their GRI data and supporting information. Find out more about how Greenstone’s CSR Frameworks module can enable robust and transparent CR reporting for your company.
Find out more about KMPG’s Survey and download the full report.