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A man fishes on newly formed thin ice that covers a bay of the Yenisei River as temperature dropped to minus 26 degrees of Celcius (minus 15 degree Fahrenheit) outside Krasnoyarsk December 11. 2012.Credit: REUTERS

Environmental Reporting More than Doubles

Environmental Leader | 18 December 2012

The number of S&P 500 and Fortune 500 companies managing and reporting performance on environmental, social and governance (ESG) issues more than doubled from 2010 to 2011, according to an analysis by Governance & Accountability Institute.

G&A Institute, the data partner for the Global Reporting Initiative (GRI) in the US, UK and Ireland, says in last year’s report, 19 percent of the S&P 500 reported. In the 2012 report, the number jumped to 53 percent.

Similarly, in 2011’s report researchers found 20 percent of the Fortune 500 reported; in this year’s analysis 57 percent reported.

This means — for the first time — non-reporters are in the minority.

The 2012 study marks G&A Institute researchers’ second year examining corporate sustainability and responsibility trends by large US companies. This year’s report, 2012 Corporate ESG/Sustainability/Responsibility Reporting: Does It Matter?, focused on S&P 500 companies while last year’s report centered on Fortune 500 companies.

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Topics

Corporate Governance