CR reporting at 'record high'

News Article - 13 December 2007
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Four out of five FTSE 100 companies are now issuing corporate responsibility (CR) reports, it has been found.

According to research by Big Four firm Deloitte, the figure has risen from 56 per cent five years ago to 80 per cent today. It also revealed that 69 per cent of companies now produce a stand-alone CR report, compared with 21 per cent in 2006.

Firms seeking assurance on CR reporting from third parties has increased by 83 per cent over the last five years, with 53 per cent now doing so.

"Companies committed to best practice reporting focus on issues material to the business and its stakeholders and seek to validate chosen indicators through third-party assurance," commented Mike Barber, corporate responsibility partner at the firm.

This trend of FTSE 100 and 250 companies producing stand-alone CR reports is only set to continue as the stakeholder demand for information increases, he added.

PricewaterhouseCoopers' recently launched a new initiative to increase details of how executive remuneration is calculated, thereby removing the "aura of mistrust" felt by shareholders.

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