More than half of companies say sustainability reporting leads to higher cash flows and helps improve firm reputation, according to a report from the Boston College Center for Corporate Citizenship and Ernst & Young. Read "Sustainability Reporting "Leads to Higher Cash Flows""
Filtering by Category: Sustainability Reports
A study being conducted at Columbia University addresses core issues around the practices of Life Cycle Analysis (LCA) and how to encourage the expansion of LCA reporting. The first phase of the study conducted during the Winter semester in 2012 addressed the familiar problems of:
- The magnitude of data required for an LCA
- The lack of reported correlation between financial and environmental outcomes
- The lack of effective communication tools to simplify the current methodology
Sustainability is paying off for a growing number of companies with 37 percent of surveyed executives reporting a profit from their efforts, a 23 percent rise over last year, according to a global study by the MIT Sloan Management Review and The Boston Consulting Group. Read 'More Companies Profit from Sustainability, Survey Finds'
London Business School's Ioannis Ioannou and Harvard Business School's George Serafeim investigate whether mandatory sustainability reporting has any effect on a company's tendency to engage in socially responsible management practices. Key concepts include:
- The researchers show that mandatory sustainability reporting effectively promotes socially responsible managerial practices. Overall, supervision of managers by boards of directors improves, bribery and corruption decreases, and credibility of managers in society increases.
- In companies where sustainability reporting is a requirement, employee training becomes a higher priority, and corporate boards supervise management more effectively.
- These positive results are more pronounced in countries that have stronger law enforcement, countries where assurance of sustainability data is more frequent, and countries that are generally more developed.