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November 27, 2013

CSR disclosure increasing

By James Callery

Almost one-third of businesses are disclosing their CSR and sustainability information, according to a global survey in the quarterly Grant Thornton International Business Report.

It found that 31% of surveyed businesses globally were reporting CSR information in their financial reports or in separate reports, up 6%from two years ago.

The survey also found 57% of businesses believe CSR information should be reported, an increase of 13% from two years ago.

Grant Thornton International chief executive Ed Nusbaum said: "Businesses are seeing the value in "connecting the dots" between its environmental, social, human resource, governance and financial performance, which will deliver more meaningful information to its stakeholders.

"The benefit of this more integrated reporting is that it better allows the company to describe and measure the values it creates and hopes to create in the future."

The survey covered 3,300 businesses in 44 countries.

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