India Leads Corporate Responsibility Reporting Rates: KPMG
25 November, Bengaluru
The Asia Pacific region has overtaken others on Corporate Responsibility (CR) reporting rates, with India amongst the top 10 countries with the highest rate of CR information
according to a KPMG Survey of Corporate Responsibility Reporting 2015.
More companies (79 percent) now report on CR in Asia Pacific thanin any other region, followed by the Americas (77 per cent) and then Europe (74 per cent).
This growth has been driven by a surge of CR reporting in countries such as India, Taiwan and South Korea, where increasing amounts of reporting requirements and guidelines have been introduced, the report said.
The ninth edition of this annual report analyses reporting from4,500 companies across 45 countries, and offers advice on leading practices in corporate carbon reporting and how these companiesmeasure up against key criteria.
Published in the run-up to the upcoming annual UN Climate Talks(COP21), where expectations are high for global agreement on
reducing carbon emissions, the report also focusses on the quality of carbon reporting among the worlds 250 largest companies (G250),a KPMG release said here Wednesday.
”Corporate reporting is entering into a whole new exciting
phase, with CR becoming a firmly integral part of annual reports. Itis encouraging to see that India is leading, with all top companiesreporting on CR, but we can see through this survey that the qualityof Indian reports can improve further. CR is emerging as a boardlevel agenda and is likely to bring in more integration to businessstrategy and improved quality of reports,” Mritunjay Kapur, Partnerand Head of Risk Consulting, KPMG in India said.
The report highlights that the overall rate of CR reportingworldwide continues to grow, with around three quarters (73 percent) of the companies now reporting on CR versus 71 per cent in2013. If compared with the G250 companies, the current rate of CRreporting for these companies stands at 92 per cent.
Over the lastfour years, this has fluctuated between 90 and 95 per cent; thereport expects the rates to remain at this level for the foreseeablefuture, the report said.