In accordance with Survey of Corporate Responsibility Reporting 2015 India has been listed among top 10 countries with the highest rate of Corporate Responsibility (CR) information.
- 79% companies report on CR in Asia Pacific, followed by 77% in the Americas and 74% in Europe.
- The report analysed reporting from 4,500 companies across 45 countries.
Asia Pacific has overtaken other regions on Corporate Responsibility (CR) reporting rates, with India among the top 10 countries with the highest rate of CR information.
- After India countries such as Indonesia, Malaysia and South Africa have the higher corporate responsibility reporting rates in world.
- Overall rate of CR reporting worldwide continues to grow with 73% of the companies now reporting on CR versus 71% in 2013.
Reason behind India’s lead
All of the largest Indian firms report on CR, compared with just 20% of companies in 2011. Last year the Govt made it mandatory for large companies to report on CSR projects undertaken and to disclose details including the spending on these projects, in their annual report.
- Business Responsibility Reporting requirement for top 100 listed entities from the Securities and Exchange Board of India has pushed the rate of CR reporting in India to the highest in the world.
Report highlights on G250 companies
G250 companies are now under pressure to cut their carbon emissions. Although four out of five G250 companies identify climate change and carbon as material issues and report on their carbon emissions, surprisingly, some big companies in sectors known for high emissions do not identify the same as material issues, and do not report the same.