Want To Win Awards? Write Longer Corporate Responsibility Reports
Spada released its Environmental Reporting: Trends in FTSE 100 Sustainability Reports (PDF) and said longer corporate responsibility reports increase the likelihood of winning “sustainability” awards, with every extra page in a CR report increasing the likelihood of a company to win an international environmental award by up 3 percent.
The study found that companies with more exposure to consumer and stakeholders, such as the health care sector, produce longer reports on average than oil and gas; whereas lower carbon intensity sectors such as telecommunications and financials issue basic reports.
Spada says of the 79 organizations that use the term “sustainability,” only BP and British American Tobacco define it in the first instance. The study says this lack of clarity with terminology may mean that companies are opting for operational flexibility and/or greenwash as opposed to reporting performance against rigorously established and enforced standards.
Despite the crucial role of supply chain, the survey found that the issues of resourcing and supply chain are among those least addressed.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Passive-House High-Rise to be Airtight
- Greensmith Offers ‘Second Opinion’ on Energy Storage Systems
- Commercial Tankless Water Heater Handles the Demands of Business
- Booz Allen, Siemens, Power Analytics Score 16 Microgrid Projects
- NH City to Save $500,000 Annually with LED Streetlights
- Australian College Uses Energy Storage
- LED Boosts Light Output 50%, Uses Existing Drivers
- Energesco Wins Energy Efficiency Contracts for Multifamily Buildings in Maryland