Posted on: 11/10/2016
Many of the world’s leading companies are making significant progress in integrating sustainability goals into their businesses, a new report has said.
The report by the World Business Council for Sustainable Development (WBCSD) and consultants Radley Yeldar looked at progress a year after the launch of the council’s Sustainable Development Goals (SDGs).
The report shows that nearly a third of WBCSD members are already communicating on the SDGs in their corporate non-financial reporting. The council said this was a “welcome and encouraging development that is likely to increase year-on-year”.
Since 2013, 76% of companies have improved their overall reporting and 40% of companies have improved their materiality disclosures.
Positive picture painted
Peter Bakker, CEO and President, WBCSD, said: “Mainstream non-financial reporting continues to gain momentum, and businesses that address sustainability challenges in their daily operations will be rewarded in the long run. Simply put, more sustainable companies will be more successful”.
Ben Richards, Consulting Director at Radley Yeldar, said: “The report paints a positive picture of corporate non-financial reporting. The findings also suggest we’re seeing more sophisticated digital approaches, with companies seeing the potential of digital platforms in helping to connect financial and non-financial information to tell one joined-up story.”
> Read the WBCSD report here