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March 24, 2016 12:01 PM Age: 5 yrs
FLASH REPORT: G&A Institute & Trust Across America Partner to Examine Trustworthiness for S&P 500® Companies Not Reporting on SustainabilityCategory: AC GAI Billboard, AC RSS Feeds, AC Whats New, AC Alerts, CSR News, CSR Research & Insights, SRI News, SRI Research & Insights, ESG Highlights
Source: Governance & Accountability Institute, Inc.
Results Show Higher Trust for Firms Reporting on Their Sustainability Journeys
Trust Across America analyzed the current year's data for the S&P 500 companies that G&A identified as reporting on Sustainability, versus the shrinking minority of identified non-reporter, and found the following. Of the 99 companies that do not publish sustainability reports, TAA had data on 72 of them, and of the 401 reporting companies, TAA has data on 398 of these companies. Looking at this universe of a total of 470 companies with full data from both parties, G&A and TAA determined that:
This chart illustrates the percentage of S&P 500 non-reporters versus companies that report on Sustainability in the various TAA scoring bands:
Trust Across America developed its "FACTS® Framework" seven years ago; the audit model's approach is to combine financials and non-financials in measuring trustworthy business behavior to tell an integrated, unbiased and unified story to stakeholders. The "FACTS" Framework elements are: "F" for financial stability and strength; "A" for accounting conservativeness; "C" for corporate integrity; "T" for transparency; and "S" for sustainability. All indicators are equally weighted. The framework is applied to more than 2,000 companies to determine the "High Trust" enterprises on a scale of 1 to 100 with 100 being the highest. Companies do not participate in the independent annual analysis.
Commenting on the TAA/TAW findings, CEO/Cofounder Barbara Brooks Kimmel said: “Understanding that no company is perfect, it comes as no surprise that companies choosing to voluntarily report their sustainability practices score substantially higher in our FACTS® Framework. The “best” companies have incorporated organizational trust as an intentional business strategy and seek to meet the long-term needs of all their stakeholders, not just shareholders.”
For information: http://www.trustacrossamerica.com
Background: G&A’s Flash Report (March 15, 2016 )
The S&P Index is one of the most widely-followed barometers of the U.S. economy, and conditions for large-cap public companies in the capital markets.
To put this in context G&A in tracking prior year(s) reporting found that:
As we entered year 2016, just 19% of the S&P 500 were not publishing sustainability reports. The practice of reporting by the 500 companies is now holding steady with minor increases year-after-year. The chart below represents the trends of S&P 500 sustainability reporting over the last five years:
About Governance & Accountability Institute, Inc.
G&A’s sustainability-focused services and resources include: counseling & strategies for the corporate sustainability journey; sustainability reporting assistance; thorough materiality assessments; stakeholder engagement; benchmarking; enhancing investor relations; sustainability communications; manager coaching, team building & training; advice on third party awards, recognitions and index inclusions; issues monitoring & customized research.
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