Sustainability Reporting
The number of top 100 share-market listed companies in Australia reporting on sustainability issues has increased from 23 to 35. This is much less than in countries where disclosure is regulated and compares with 76 of the top 100 in the UK. Even among those companies that do report it is often suggested that many do so purely for marketing or public relation purposes – or “greenwashing”!
The spokesman for the Australian Shareholders Association, Mr Stuart Wilson, said that shareholders are looking for long term sustainable increase in earnings and anything that may impact on future earnings, whether changes in government regulations or damage done by unsustainable practices are ultimately going to impact on the companies bottom line.
Technorati Tags: Sustainability Reporting, Sustainability, Australian Shareholders Association, Mr Stuart Wilson, greenwashing
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