For the survey, now in its 10th edition, KPMG member firm professionals analyzed the annual financial reports, corporate responsibility reports, and websites of 4,900 companies in 49 countries and regions, making it the most extensive edition ever.
This year the survey spotlights four major emerging trends within CR reporting:
- Reporting on the financial risks associated with climate change
- Reporting on the Sustainable Development Goals (SDGs)
- Reporting of corporate human rights performance
- Reporting on science-based carbon reduction targets
Key findings of the Survey include:
- Almost three quarters of large companies worldwide do not acknowledge the financial risks of climate change in their annual financial reports.
- The SDGs have resonated strongly with businesses worldwide in less than two years since their launch. Four out of ten reports studied in KPMG’s survey connected the company’s corporate responsibility activities to the SDGs.
- Human rights is firmly on the agenda as a global business issue. A clear majority of CR reports now acknowledge the issue of human rights.
- A solid majority of the world’s largest companies (G250) now report targets to cut their carbon emissions. Yet, most of these firms do not relate their own targets to the climate goals being set by national governments, regional authorities or the UN.
Read more to download The KPMG Survey of Corporate Responsibility Reporting 2017.