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Similar to Future of corporate sustainability reporting (20)
Future of corporate sustainability reporting
- 2. Corporate Sustainability Reporting:
A Mainstream Practice…
KPMG Survey of Corporate Responsibility Reporting:
2013?
Source: KPMG International Survey of Corporate Responsibility Reporting 2011
© 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International
provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such
authority to obligate or bind any member firm. All rights reserved.
- 3. But Still a Maturing Practice…
Data quality continues to be a significant issue among companies issuing
sustainability reports with 33% of the largest 250 global companies issuing a
restatement to CR report
Restatements due to updated calculation
methodology
Update of scope
Restatements due to error or omission
Update of definitions applied
0%
10%
20%
30%
40%
50%
* Source;
© 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International
provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such
authority to obligate or bind any member firm. All rights reserved.
60%
Audit Analytics, 2011
- 4. And a need to improve effectiveness
“We believe that reporting practices
need to change to ensure that
businesses are truly valued on what
is important, that stakeholders have
timely information, and that reports
are read and used by investors and
other stakeholders.”
-- Peter Bakker, President &
CEO, WBCSD
© 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International
provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such
authority to obligate or bind any member firm. All rights reserved.
- 5. 2013: A Milestone Year
UNGC Advanced
Reporting Requirements
UK’s Strategic
Report Guidelines
IIRC Integrated
Reporting Framework
EC Directive
TEEB: Natural
Capital Accounting
The B Team
SASB
CDP Expands
GRI’s G4 Guidelines
© 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International
provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such
authority to obligate or bind any member firm. All rights reserved.
- 6. Panel Discussion
Katie
Schmitz Eulitt
Mike
Wallace
Director, Stakeholder
Engagement
Director,
Focal Point USA
SASB
GRI
© 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International
provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such
authority to obligate or bind any member firm. All rights reserved.
5
- 7. © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International
provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such
authority to obligate or bind any member firm. All rights reserved.
- 8. Panel Discussion
Katie
Schmitz Eulitt
Mike
Wallace
Director, Stakeholder
Engagement
Director,
Focal Point USA
SASB
GRI
© 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International
provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such
authority to obligate or bind any member firm. All rights reserved.
7