Diageo’s 2014 Annual Report incorporates for the first time increased disclosure of sustainability and responsibility performance alongside financial reporting, the alcoholic beverage maker says.
Diageo says this first step towards integrated reporting reflects its belief in the strategic importance of its Sustainability and Responsibility (S&R) Strategy.
Among the company’s sustainability targets highlighted in the 2014 report, Diageo improved performance across all eight environmental targets since 2013, including decreasing water wasted at its 23 water-stressed sites by 12 percent in the past year.
A May PwC review of 400 companies revealed that 68 percent incorporate at least some non-financial priorities in their core strategies. And 93 percent of companies using integrated reporting say the practice helps remove barriers between departments.
In December, the IIRC published its Integrated Reporting Framework, which combines sustainability and financial data to provide a holistic view of the company and its ability to sustain value over the short, medium and long term.
