Saturday, May 19, 2007

Grading Sustainability Reports: Creating the Curve


As more and more companies publish sustainability reports, awards and studies of these reports help raise reporting standards.

Over the past six years, entries into the Ceres-ACCA North American Awards for Sustainability Reporting have grown five-fold from 20 in its first year to 102 this year. This increase reflects the significant growth in companies publishing sustainability reports. With the increased calls from consumers, shareholders, and other stakeholders for greater corporate transparency and the Global Reporting Initiative (GRI) publishing the third version of its Sustainability Reporting Guidelines in 2006, more companies from all sectors are creating these reports to explain and document their economic, environmental, and social performance.

Ceres, a Boston-based coalition, and the UK-based Association of Chartered Certified Accountants (ACCA) announced the North American Sustainability Awards at the annual Ceres conference on April 25th. Vancity Group, Bristol-Myers Squibb, Green Mountain Coffee Roasters and Mountain Equipment Co-op took home the top awards. The Ceres-ACCA North American Awards recognizes top reporting on corporate sustainability issues and helps companies that are publishing sustainability reports.

Grading Sustainability Reports: Creating the Curve