Two-thirds of the 250 largest companies in the world have adopted sustainability reporting as a tool to gauge future performance. This approach has little to do with vague concepts of corporate social responsibility or public relations ploys and everything to do with long-term business strategy. It is a crucial companion to financial reporting that provides data on nonfinancial factors related to environmental, social and governance issues that affect future performance, income generation and value preservation.
Author: Fay Hansen
Source: Business Finance Magazine
Subject: Social Responsibility