Corporate Citizenship Reporting Takes Off: More U.S. companies are formally reporting their corporate responsibility (CR) activities to stakeholders, finds a KPMG International analysis of CR reporting among the top 100 companies in 34 nations. Among the top 100 U.S. companies by revenue, 83% report on their CR activities, up from 74% in the 2008.
Other study findings include:
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Reputation and brand (67%), ethics (58%), employee motivation (44%), innovation and learning (44%) and risk management (35%) are cited by the companies as the top priorities and impetus behind CR reporting as it becomes part of the overall business strategy within organizations.
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A third of the 100 U.S. companies and almost half of the 250 largest companies globally (G250) said they have demonstrated financial gain from their CR initiatives.
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Six European countries are on the top 10 list of nations with the strongest CR reporting from companies: the U.K. (100%), Japan (99%), South Africa (97%), France (94%), Denmark (91%), Brazil and Spain (both 88%), Finland (85%), the U.S. (83%) and the Netherlands (82%).
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However, there are differences in CR reporting adoption among industries. The automotive and mining industries lead the pack, more than doubling their reporting since KPMG’s 2008 survey, while consumer markets and transportation have advanced at a much slower pace.
Source: KMPG International