KPMG ROMANIA SRL

  |  2013-12-09

Corporate responsibility reporting is now a standard business practice worldwide

Reporting on corporate responsibility (CR) is now a standard business practice worldwide, undertaken by almost three quarters (71 percent) of analysed companies, according to the 8th KPMG Survey of Corporate Responsibility Reporting published today (9 December 2013).

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The 2013 edition of the KPMG survey marks 20 years since the first survey was published in 1993. This year the research is more extensive than ever, covering the top 100 companies by revenue across 41 countries, a total of 4100 companies. The 1993 survey looked at companies in just 10 countries.

 

Based on KPMG’s survey the number of companies reporting on CR has increased by 7 percentage points since 2011. Among the world’s largest 250 companies (the G250), the CR reporting rate is 93 percent.

 

“Companies should no longer ask whether or not they should publish a CR report. That debate is over,” said Yvo de Boer, Global Chairman Climate Change & Sustainability Services. “The important questions now are ‘what should we report?’ and ‘how should we report it?’. The challenge for companies is to use the CR reporting process to identify the most important environmental and social issues for their business and stakeholders. They can then bring those issues into the heart of corporate strategy to manage risks, unlock opportunities and build long-term value.”

 

Over half (51 percent) of the companies worldwide that report on CR now include CR information in their annual financial reports. This is a striking rise since 2011 (when only 20 percent did so) and 2008 (when only 9 percent did).

 

The KPMG Survey of Corporate Responsibility Reporting 2013 also explored the quality of CR reporting among the G250 and found:

·        A cluster of 10 companies stood out for the quality of their CR reporting; they were: A.P. Møller Mærsk (Transport - Denmark), BMW (Automotive – Germany), Cisco Systems (Communications & media – USA), Ford Motor Company (Automotive – USA), Hewlett-Packard (Electronics & computers – USA), ING Group (Finance, insurance, & securities – Netherlands), Nestlé (Food & beverages – Switzerland), Repsol  (Oil & gas – Spain), Siemens (Electronics & computers – Germany), and Total (Oil & gas – France). 

 

·        Only one in five G250 companies (22 percent) reports a clear link between CR performance and executive or employee remuneration.

 

·        Only one in five G250 companies (23 percent) publishes a well-balanced report that discusses CR challenges and setbacks as well as successes.

 

·        European companies achieve the highest average quality score for their CR reports at 71 out of 100. This compares with average scores of 54 for companies in the Americas and 50 in Asia Pacific.

 

·        Most G250 CR reports (87 percent) identify at least some social and environmental changes (or “megaforces”) that are affecting the business. Climate change, material resource scarcity, and energy and fuel are the most commonly mentioned

 

·        More companies see opportunities than see risks related to CR matters: 81 percent of reporting companies identify business risks from social and environmental factors, whereas slightly more (87 percent) identify commercial opportunities.

 

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