10 Nov '11, 2pm

CSR Reporting is Quickly Becoming a Key Part of Business Strategy

CSR Reporting is Quickly Becoming a Key Part of Business Strategy

Two new reports reveal the growing importance of corporate responsibility reporting as part of the core strategies of leading global companies. A KPMG InternationalSurvey of Corporate Responsibility Reporting 2011 , survey shows that even amid the pressures of a tough economy -- and maybe because of it -- more U.S. companies are formally reporting their Corporate Responsibility (CR) activities to stakeholders. However, compared to their European counterparts they are only "scratching the surface" of corporate responsibility, concentrating more on communication than on actual performance, according to KPMG. The report looked at corporate responsibility reports for more than 3,400 companies -- including the world's 250 largest, and the 100 largest in each of 34 countries. Among the top 100 U.S. companies by revenue, 83 percent report on their CR activities, up from 74 percen...

Full article: http://www.greenbiz.com/blog/2011/11/10/csr-reporting-qui...

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