Significant improvements to sustainability reporting and data collection are likely to be needed to meet the requirements of the forthcoming Companies Bill (formerly known as the Company Law Reform Bill), based on newly-published CIMA funded research on sustainability reporting.
‘Accounting for Ethical, Social, Environmental and Economic Issues: Towards an Integrated Approach’ by Professor Carol Adams and Dr Geoff Frost (available on www.cimaglobal.com/techresearch) has found a low level of reporting on sustainability performance or targets, which indicates that performance is not being adequately managed.
Further research into seven ‘best practice’ organisations found that even leading companies are using an ad hoc, variable approach when assembling sustainability information and then integrating it into their decision making process.
See full Press Release.
Posts
