08 Jun '11, 9pm

Report: Sustainability Surveys Eating Up Company Time

Requests for company sustainability data are often redundant and take up considerable time, up to the equivalent of two full-time staff members, according to a report by the National Association for Environmental Management (NAEM). In “Driving ESG Reporting Progress through Dialogue” , NAEM says that as the type and number of sustainability surveys continues to increase, the task of responding is consuming significant resources without a clear value proposition for the participating companies. The number of environmental, social and governance (ESG) ratings has risen from about 20 in the year 2000 to more than 100 in 2010. The report summarizes insights from NAEM’s May 2011 “Measuring Corporate Sustainability” conference, which included representatives from more than 100 companies, research firms, and third-party verifiers, including American Electric Power Co. Inc., 3M, T...

Full article: http://www.environmentalleader.com/2011/06/08/report-sust...

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