• Register
Return to: Home > News > Standards > Europe takes the lead in corporate responsibility reporting

Europe takes the lead in corporate responsibility reporting

Six European countries are among the top10 nations reporting on their corporate responsibility (CR), according to KPMG’s survey.

The International Survey of Corporate Responsibility Reporting 2011, surveying 100 largest companies in 34 countries, found that CR reporting is now undertaken by 64% of all those companies.

KPMG also found that 94% of the Global Fortune 250 (G250) companies report on their CR activity.

The UK was at the top of the list as all of the largest 100 companies are reporting on their CR activities, against 99% in Japan, 97% in South Africa, 94% in France and 91% in Denmark.

The rest of the top 10 include Brazil, Spain, Finland and the US, with 80% to 88% of companies reporting on their CR activities.

According to the survey 60% of Chinese companies have reported their CR activities in 2011.

At the bottom of the list was Israel where only 18% of companies reported on CR, 20% in India and the 38% in Taiwan.

The survey also found that publicly owned and state-owned companies did better that other types of companies, with 69% and 57% respectively reporting on CR.

KPMG found 67% of companies said reputation and their branding was the main motivation for reporting on their CR activities, for 58% ethics, for 44% employee motivation, innovation and learning, for 35% it was risk management.

KPMG said it is apparent that CR reporting is gathering momentum year on year as companies are benefiting financially from such practice as well.

Top Content

    Time pressure: Facing up to mental health

    In an ‘always on’ culture, it is becoming increasingly difficult to manage a healthy work-life balance. While companies are beginning to address this problem by introducing different support systems, Joe Pickard finds more could be done to ensure the wellbeing of the professions workforce.

    read more

    Venezuela: the race for the dollar

    With a new currency following hyperinflation, large sections of the population emigrating to neighbouring countries, an economy on the brink of collapse and no apparent solution coming from the government, Jonathan Minter finds a profession struggling to stay afloat in Venezuela.

    read more

    Brazil: transparency and control

    Brazilian accountants have an optimistic view of the impact of more-regular reporting and the implications of audit controversies for the profession. Paul Golden reports.

    read more

    Argentina: looking for a clearer view

    The Argentine accounting profession continues to grapple with the impacts of a weak economy and a culture of financial corruption. Paul Golden takes a closer look.

    read more

    Blockchain: adapting to disruptive tech

    In the relatively few years since digital currencies first began using blockchain technology, the array of potential applications has grown significantly – and continues to expand. Dan Balla, Matthew Schell and Dave Uhryniak from Crowe look at how it impacts accountancy.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.