Holding Companies Accountable: Sustainability Reporting and Non-financial Factors

Stakeholders expect corporations to be responsible global citizens and want proof of effort. Sustainability reporting, or non-financial factor reporting, demonstrates performance and assists with strategic decision-making.
By Robin Byrd

As stakeholders insist on more transparency in corporate performance, reporting practices are changing. Businesses are increasingly reporting on financial and non-financial factors to build trust and improve business performance. Non-financial information includes measures and reporting on environmental, social and economic indicators, which also embrace human rights and ethics. Linking the non-financial factors to operations and financial performance enhances risk management and increases competitiveness by positioning the business as the company of choice for customers, suppliers, domestic and global business partners, and investors. This is an evolving practice that comes with challenges. For example, how does a busine...

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