Study Finds Entertainment Sector Lags in Sustainability Reporting
The entertainment sector lags behind most others in corporate environmental and sustainability reporting, according to a recent report by Roberts Environmental Center (REC).
Among the companies surveyed by the Roberts Environmental Center at Claremont McKenna College, the only company based outside the United States, Bertelsmann, was the highest scorer, receiving an A+ grade. However, its reporting is “mediocre” compared to the high scorers in many other sectors, according to the lead analyst.
Another top scorer in the report is Walt Disney with a B+, due to its detailed corporate responsibility report that included greenhouse gas emissions and electricity consumption, as well as a clear environmental policy.
Overall, the sector suffered from a general lack of both quantitative and qualitative information on sustainability and environmental policy, with only a few companies mentioning climate change and only one — Bertelsmann — having an environmental management system in place, said the analyst.
The report’s recommendations: In order for the companies in the environmental sector to match the reporting standards of most other sectors analyzed by the REC, they must clarify their environmental and social policies, develop programs and management systems that promote these policies, and begin reporting the necessary quantitative data and goals.
Click here for the complete report.
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