[e]very company in the S&P 500 except one reports some form of sustainability disclosure, but fewer quantify those disclosures in terms of bottom line impacts, accordi"ng to a new report from the IRRC Institute (IRRCI) and the Sustainable Investments Institute (SI2). That report is the first to comprehensively benchmark the status of integrated reporting in the U.S.A webinar to review the report findings is scheduled for Friday, May 3, 2013, at 2 PM ET (Register here).
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The 285-page report analyzes sustainability disclosures on a sector-by-sector basis, and examined a total of 56,000 individual data points, across both mandated SEC filings and voluntary sustainability reports. The report examined disclosures for 2012. Looking across the entire S&P 500, the report discovered that:
- 499 companies made at least one sustainability related disclosure, but only 7, or 1.4% integrate financial and sustainability reporting. Zions Corporation is the only company not to include any sustainability disclosure across the various reports examined. The 7 companies which included a statement on integrated reporting were American Electric Power, Clorox, Dow Chemical, Eaton, Ingersoll Rand, Pfizer and Southwest Airlines.
- Nearly three quarters (74 percent) of the companies placed a dollar figure on at least one sustainability-related initiative, though they frequently also mentioned other initiatives whose benefits/costs were not quantified.
- 43.4% of the companies linked executive compensation to some type of sustainability criteria.
Thursday, May 2, 2013
IRRC Institute Report Released: Integrated Financial and Sustainability Reporting in the United States
Recently, the Investor Responsibility Research Center Institute (IRRC), "a not-for-profit organization . . . [which] serve[s] as a funder of environmental, social and corporate governance research" released a report titled, Integrated Financial and Sustainability Reporting in the United States (2013). The 290-page report available here, discusses how,