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Climate Change and Sustainability Services 

KPMG’s Global Sustainability Services can help you take a structured approach to defining your role.
Climate Change and Sustainability Services

Our most recent research will ensure that you have the information you need to make important business decisions for today and tomorrow.

 

Corporate Responsibility reporting here to stay in Canada: KPMG Survey

 

About the survey

 

This KPMG Survey of Corporate Responsibility Reporting 2013 is published primarily for business leaders, company boards and CR and sustainability professionals. It provides a snapshot of current global trends in CR reporting with benchmarks, guidance and insights to help companies worldwide determine their own approaches to CR reporting and to assess and improve the quality of their reports. This year the survey, which has been regularly published since 1993, covers a record 41 countries and 4100 companies across 15 industry sectors.

 

This year the survey is divided into two parts:

 

  1. Global trends in CR reporting: a view across 41 countries [PDF 6.88Mb] and;
  2. The quality of reporting among the world’s largest companies [PDF 6.88Mb].

In the news

The following represents key findings from the study:

Top highlights for Canadian businesses and organizations to consider:

  • Supply chain reporting needs more focus: Many companies fail to fully report on the impact of their supply chains. Industry sectors with significant supply chain risks, including chemicals, utilities and oil & gas, tend to have the lowest levels of reporting on supply chain issues.   
  • Reporting the financial risks: Despite acknowledging the risks to their businesses from environmental and social factors, most large companies are not reporting the potential financial impacts of these risks. The oil & gas and financial services sectors lead the pack in terms of financial risk reporting.
  • Corporate governance: Less than a quarter of the largest companies around the world report a clear link between Corporate Responsibility performance and executive or employee remuneration. This aspect of corporate governance, linking a clearly defined CR strategy to performance-based executive remuneration, will be a growing trend in Canada in the coming years.
  • Third party assurance gains acceptance: It is becoming standard practice to have CR and sustainability data externally assured. The percentage of Canadian companies who include a formal assurance statement in their CR report has grown from 21 per cent in 2011 to 34 per cent in 2013, with the expectation for this to increase over time.

Working with you to build long-term value

William (Bill) J. Murphy

William (Bill) J. Murphy

National Leader, Climate Change & Sustainability Services

416-777-3040

“Corporate Responsibility reporting is now a standard business practice across the country, and companies that do not publish a report may be putting themselves at risk of falling behind their competitors. The important questions to now ask are ‘what are our most significant environmental and social impacts?', ‘how are we managing these?' and 'how should we report our performance and progress?’”