Canada specific findings to be presented next in Toronto to mining, pharmaceutical and energy sector executives
Submitted by Centre for Sustainability & Excellence (CSE)
Research from the Centre for Sustainability and Excellence (CSE) has identified positive links between having a sustainability strategy, goals and reports to having improved financial performance. CSE closely tracks sustainability reporting trends in Canada and the USA. CSE’s Sustainability Reporting Trends in North America 2017, along with last year’s findings on Silicon Valley, represent an ongoing commitment to provide timely and relevant sustainability content for C-level and upper management to corporations around the world.
Findings of the new CSE research were presented for the first time in New York City during CSE’s Global Certified Sustainability Practitioner Program. The encouraging findings were welcomed by VPs from companies and organizations as diverse as Xylem, Coca-Cola, L’Oréal, HD Supply and the Federal Reserve Bank of New York. Next, CSE will present findings specific to Canada this October in Toronto.
Important insights include:
most significantly, that companies with the highest sustainability rankings had better financial performance than companies with lower sustainability rankings based on CSRhub ratings, and
poor adoption of the United Nations Sustainability Development Goals (SDGs). Only 6.2% of the companies in the study integrated SDGs in their sustainability reports.
Other key trends include:
Sectors with the highest reporting presence— Energy and Energy Utilities, Financial Services, Food & Beverage, and Mining.
Most companies publishing a sustainability report are public companies whose global presence makes reporting a necessity to abide by international legislation.
Most companies use the Global Reporting Initiative (GRI) guidelines.
Most reports did not have external assurance.
Carbon footprint reduction has become a priority with many companies having well-stated and measured goals and targets.
CSE’s Certified Sustainability Practitioner Program (Advanced Edition 2017) offers corporate trainings on these key topics and many others. Click here for agenda. The next 2017 program is in Toronto, October 26-27, where research focused on Canada will be presented. Other North America trainings will be held in San Diego, Oct. 31-Nov. 1, 2017, and Atlanta in 2018.
CSE is a global Leading network providing Sustainable Development Solutions to organizations & a Think Tank with offices in Brussels Athens & Dubai. CSE cooperates with international organisations, such as the EFQM (European Foundation for Quality Management), GRI (Global Reporting Initiative), UN Global Compact (United Nations Global Compact), EBEN (European Business Ethics Network), Forum for International Communications and the European Commission. CSE supports, on their journey towards sustainability, leading organizations such as Lloyds TSB, Eurocontrol, Dell, BP, DHL, Lafarge (Aget Heracles), Mc Cain, Bank of Cyprus and many others including the European Investment Bank, the largest financial Investment Institution of the European Union and the Government of Dubai (Dubai Center for Corporate Values ,DIFC, TECOM, DAFZA). The global presence of CSE is enhanced by numerous activities carried out in many countries/regions including the United Kingdom, Belgium, Luxemburg, Germany, Spain, Italy, Cyprus, Bulgaria, Romania, Turkey, Russia, China and the Middle East.