Corporate responsibility reporting and documentation are definitely absolutely nothing new, but the current social push regarding transparency and environmental consciousness are producing an increasing desire for corporate responsibilities that extend past the bottom line.
KPMG International is really a Swiss consulting group which specializes in auditing, tax, and advisory services, and functions having a long list of well-known companies going green about the globe. A recently published corporate questionnaire from KPMG shows that 83% from the wealthiest 100 American held businesses offer some type of corporate responsibility documentation and auditing, and publically report on ecologically-minded activities that take location inside the corporate structure. This number increased from 74% in late 2008, demonstrating a steady growth over time.
Whilst 83% may seem like a strong number, an excellent many countries show significantly higher percentages of businesses that employ corporate responsibility documentation procedures – Japan, France, Brazil, and Spain to list a few. In fact, England tops their list with a perfect rating of 100% – far much better than her counterpart across the ocean.
KPMG provides a breakdown of the main factors so many companies are embracing a renewed corporate responsibility in reporting and documentation. Whilst many businesses provided numerous factors to pursue self-auditing, these kinds of reasons were probably the most commonly reported among all responders:
67% – Reputation, brand, and positive public relations
58% – Ethical or moral concerns
44% – Employee loyalty or motivation programs
44% – Scientific advance, innovation, internal training
35% – Danger management
Probably the most telling portion of this list resides at the top. International companies are beginning to understand that in today’s hyper-connected, iPhone, Social media globe, corporate sustainability and beneficial public image go hand-in-hand. More significantly, reported by KPMG leadership, if correct corporate responsibility procedures actually function to improve the profitability of big corporate structures, then these studies must meet with growing degrees of scrutiny to ensure that no one is fudging the records.
To discover more about what businesses like KPMG have to say about corporate responsibility documentation and policy, and to find out how implementing effective corporate responsibility policy might help your company operate much more effectively whilst reaching a bigger audience, make sure to download and view our comprehensive Sustainability Guide, free of charge.
Oliver David writes for articles for CompaniesGoingGreen.net and other blogs on topics like corporate sustainability.
