In 2011 the results of PwC’s Building Public Trust Sustainability Awards indicated that companies, particularly in the FTSE 100, were making efforts to incorporate sustainability into their core business strategies. However, in 2012 our assessment suggests disappointingly that this progress has slowed. Apart from a few stand‑out reports and big improvers, the standard of sustainability reporting has largely remained the same year on year.
This is disappointing not only for us, but also for business and society at large. Amid today’s tough trading conditions, it is understandable that reporting on sustainability performance may have slipped down the agenda for many boards. But it can make a real difference not least by helping to build and retain trust among a wide range of stakeholders.
It’s for this very reason that transparent and integrated sustainability reporting is especially important in the current environment. This importance applies equally in the public and private sectors, since both businesses and governments have pivotal roles to play in enabling society to mitigate and adapt to the effects of climate change and foster sustainable development.
Our Sustainability Reporting tips provide simple actions you can take to make your sustainability reporting more accessible and effective as you communicate your performance to the capital markets and other stakeholders. If you have any questions or would like to discuss these further, then please contact Alan McGill, on +44 (0)20 721 24348 or Kyle Santos on +44 (0)20 721 23487.