Ten Trends Towards Truth and the Tipping Point for Corporate Disclosure
In honor of the release of Trendwatch 2012, follow posts about sustainability and economic recovery on Sustainable Industries all week. Please also join Sustainable Industries and CSRHub Co-founder Cynthia Figge for a free webinar on February 29th on the role of sustainability in economic recovery.
By Cynthia Figge
Shakespeare’s dictum came into its own last year, as truth-telling drove the Arab spring, stirred the Wikileaks controversy, and brought down a series of politicians and candidates. We believe that corporate truths “will out” soon, thanks to the convergence of a number of powerful trends that will encourage more corporate transparency.
Corporations and other organizations have been gradually increasing their disclosure about their non-financial activities and behavior for years. A KPMG study recently found that 95% of the 250 largest companies in the world now report on their corporate responsibility. The penetration of reporting in Europe is especially high—over 70% of the companies they studied.