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ReportAlert.info - Context publishes 'CR Reporting in Context 2006'

ReportAlert.info - Context publishes 'CR Reporting in Context 2006'

Published 07-26-06

Submitted by Context

Dramatic global rise in corporate responsibility reporting

A record number of leading global companies are voluntarily reporting on social and environmental issues, according to a report published today (Global Corporate Responsibility Reporting Trends 2006) by the corporate responsibility consultancy Context (www.econtext.co.uk)

But there are still question marks about the quality of reporting. Context directors argue:

  • Experienced reporters are eager to escape conformity with informal reporting standards to produce more effective communications
  • Companies need to focus on key issues, but find guidance on "materiality" issues unhelpful
  • Reports need to be part of a process of improving performance and are not an end in themselves.

    The Context report, based on information from the www.CorporateRegister.com database, analyses reporting of the world's 300 leading public companies. It shows:

  • Only 10 of the top 100 in Europe do not report
  • A majority of the US top 100 now publish a report
  • Most companies report on a wide range of issues rather than focusing solely on environment or philanthropy
  • The majority of European reporters use external assurance to validate their reports, but this is less common elsewhere and very rare in the US
  • A growing number of these companies acknowledge the Global Reporting Initiative (GRI) guidelines, but very few are formally "in accordance" with them.

    The report is available as a pdf on the Context website: http://www.econtext.co.uk/ or as a hard copy by request to peterk@econtext.co.uk

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    Context

    Context

    We are a consultancy advising on corporate responsibility (CR) strategy and communications.

    We develop and write CR reports for leading companies in Europe, North America and Africa. We help managers formulate their strategies, engage with their stakeholders and communicate with internal and external audiences.

    We believe it is in the best business interests of companies to act responsibly. We understand business, we understand corporate responsibility and sustainability, and we understand communications.

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