The Global Reporting Initiative (GRI) can be considered as one of the most extensively used model of corporate social responsibility (CSR) reporting. The assurance statement (AS) is the mechanism to give trust to stakeholders about the accuracy of the information published in the sustainability reports (SRs). Within this backdrop, the objective of this paper is to design a model to evaluate the quality of the SR and AS of the Spanish companies that present SR using the GRI guide for the year 2008, as well as the characteristics of the companies that present high quality reports. We find that auditors issue higher quality AS than consultants, and that measures indicating size (size, listed companies, Big4 auditor) are associated with the quality of AS reports. Finally, we find that variables related to the industry of the company (sector, size, leverage) are associated with the quality of the SR report.
- Inderscience Publishers
- Measuring quality of sustainability reports and assurance ...
Corporate Injury Reporting
Are more people-centric metrics needed? A new study by Corporate Knights has looked at 4,469 large companies on 45 different stock exchanges to determine their level of voluntary reporting in 2014 in relation to seven sustainability-based performance indicators Their study reveals that only 19% of these companies were disclosing their injury rates compared to 62% who published information on Greenhouse Gas (GHG) Emissions. The report’s authors noted this and commented that large companies seem to be...
European Court Of Auditors Releases Report On EU Biofuel Sustainability Certifications
On July 21, 2016, the European Court of Auditors released Special Report No 18/2016: The EU system for the certification of sustainable biofuels. This report assessed the existing biofuels sustainability certification framework of the European Commission (EC) and highlighted key issues with the system. Issues with the certification framework could undermine the European Union`s (EU) 2020 goals for renewable energy. The report determined that the EC does not properly track working conditions occurring during...
What Will be Driving Your Next Sustainability Report?
Sustainability in many automotive supplier companies has grown from a footnote or an appendix in an annual report to a fully developed, comprehensive strategy that drives meaningful business optimization and competitive advantage. The next generation of sustainability initiatives will likely contain increased focus on a vital area – the demands of The Customer. The automotive segment has long been a leader in driving environmental management and standardization, beginning with widespread adoption of ISO...
3 Steps for Building Your Tech Company`s Sustainability Strategy
For many companies, sustainability efforts are no longer just about compliance—they’re an essential component of the company’s overall business strategy, reputation, and brand. Why? Because sustainability programs not only improve the environment, but also offer a competitive advantage. In fact, 66% of consumers say they are willing to pay more for sustainable goods, according to the 2015 Nielsen Global Corporate Sustainability Report. In addition, 45% of respondents said a company’s...
EC Issues Final Report on the Sustainable Use of Biocides
On March 16, 2016, the European Commission (EC) issued its final report on the sustainable use of biocides. Article 18 of the European Union’s (EU) biocidal products regulation (BPR) directs the EC to issue a report on how the BPR contributes to the sustainable use of biocidal products, and on whether there is a need to introduce additional measures, in particular for professional users, to reduce the risks posed to human health, animal health, and the environment by biocidal products. Sustainable use for...