Reporting
Comment: reporting
August 01 2002
by Mike Tuffrey
New proposals amount to a significant step towards a mandatory framework for social and environmental reporting.
These proposals amount to a significant step towards a mandatory framework for social and environmental reporting. It is difficult to see how any consumer-facing company will be able to claim CSR issues are of no relevance to its current performance or future prospects, given the reputational threats. So most large companies will have to present in their main annual reports a broadly-based assessment of their impacts on all stakeholders, where material. This raises big questions for the growing practice of social reporting, notably how specialist reports fit alongside the annual report. All in all, these proposals, including those relating to directors' duties and responsibilities for the impact of the company's operations on the environment and communities, are significant developments and should strengthen the hand of CSR managers in making the case internally. MT
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