Best practice & Ethics
Companies do not report their most important risks
Only 37% of UK businesses consider their social,
environmental and governance reporting to be focused on the most important
risks, a survey by Lloyd’s Register
Quality Assurance (LRQA) has found.
LRQA said the research underlines the reactive, public
relations-led nature of reporting: only 68% of companies consider their
non-financial reporting to be accurate, and just 64% said they report bad and
good news in equal measure. Furthermore, 32% of respondents say they currently
report on too many issues and only 54% believe their business has a thorough
process for determining what to report on.
Deborah Evans, LRQA head of corporate reporting and
assurance, said investors are receiving data dumps and greenwash when what they
need is information that will allow them to accurately assess the real risks and
how the company is reducing them. What is required, she said, is material data,
properly validated and focused on real business risk.
Link
Lloyd’s Register Quality
Assurance
January, 2007 |
