The WBCSD 2016 survey “Reporting matters” covering CSR reports from 163 major international companies aims to provide companies with clear non-financial reporting guidance as it develops at an increasingly fast pace.
Non-financial reporting has reached a critical turning point and is now heading towards the mainstream. From the European Union’s consultation on non-financial reporting guidelines to the Global Reporting Initiative and the Sustainability Accounting Standards Board consultations on their respective standards, 2016 has been a watershed for the collection of feedback from the business community.
The global launch of the Natural Capital Protocol has added an important building block towards the meaningful disclosure of non-financial impacts and benefits.
Some findings from the 2016 survey:
- 76% of companies have improved their overall score in our benchmark compared to baseline year 2013; 40% of companies have improved their materiality disclosures.
- Global Reporting Initiative (GRI) guidelines are still the most widely used, with 80% of reporters in our research using the G4 guidelines.
- Just over 50 companies communicate on the Sustainable Development Goals (SDGs) in their report and 10 companies state that they use the SDG Compass.
- 42% of organizations take a “digital first” approach to reporting by locating comprehensive sustainability information on the company’s website or a stand-alone microsite linked from the main website