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CSR Reporting in US: improvement

[21.07.2008] More than half of the United States’ 100 largest publicly traded companies now report on their sustainability efforts, and more than a third now incorporate elements of the Global Reporting Initiative (GRI) sustainability reporting guidelines, according to a report released today by the Sustainable Investment Research Analyst Network (SIRAN).

The 2008 S&P 100 Sustainability Report Comparison, which evaluates SIRAN data through the end of 2007, shows a marked increase in sustainability reporting and use of the GRI by the top U.S. companies since mid-2005.

Key findings include:

86 of the S&P 100 companies now have corporate sustainability websites, compared to 58 in mid-2005, an increase of 48 percent;
49 of the leading U.S. companies produced a sustainability report in 2007, an increase of 26 percent from 39 in 2005;
41 now include a reference or references to the GRI standards, up 71 percent from just 24 in2005;
34 companies now include a GRI Index in their report, an increase of 70 percent, up from 20 in 2005.

Research was conducted by the independent investment research firm KLD Research & Analytics, Inc. For the purposes of the SIRAN study, a “sustainability report” was defined as a report that included data covering three or more areas of environmental, social, or governance performance. Reports covering a single topic and reports without performance data and policy statements were not considered to be complete sustainability reports.

Report is available on the website >>

Source: SocialInvest

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