SOURCE: 3BL Media, LLCDESCRIPTION:
Transparency is promoted by CSR and sustainability professionals as delivering real benefits in the form of enhanced reputation and increased stakeholder engagement. However, business wants hard numbers, quantitative data that confirms the proposed qualitative value of transparency. Now some numbers are out, in a report by GlobeScan in partnership with SustainAbility, the international consultancy: “How Transparency Drives Performance.”
The survey shows that 79 percent of the respondents confirm that corporate transparency positively impacts a company’s sustainability performance. This number comes from 491 sustainability experts from 69 countries who were polled, drawn from corporate, government, NGO, academic and research, service and media, and other organizations.
The top two potential solutions for improved transparency most noted by respondents were mandatory non-financial reporting requirements and increased demand among investors for integrated reporting. Both choices were scored as the best ways to enable improved transparency to bring about greater progress toward sustainability within companies. SustainAbility is working on an in-depth report on the role of transparency in driving performance, and will use these initial Transparency Survey numbers and results to inform that analysis. The new report will be published next month.
I’m John Howell for 3BL Media.
Video Source: Transparency by the Numbers
KEYWORDS: Reports, Business & Trade, 3bl media llc, CSR Minute, globescan, sustainability, Transparency, Stakeholder engagement, Integrated Reporting