The top 60 FTSE companies have been criticised for not having sustainability reports independently verified by a ‘recognised’ accounting firm
Communications agency Black Sun says the majority of assurances are conducted by specialist environmental consultancies with only 13% done by an accountancy firm.
In the Closing the gap report it points to the fact that only 8% of annual reports are independently assured for the sustainability aspect.
‘If they have gained independent assurances for their corporate social responsibility report then they should do so as a whole. There is a lot of PR spin in annual reports and it gives this section more credibility if it is assured externally,’ said Sallie Cooke Pilot, head of corporate reporting at Black Sun.
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