SIRAN/Social Investment Forum Report Finds Strong Growth in CSR Web Sites, CSR Reports and Use of Global Reporting Initiative Guidelines
WASHINGTON, D.C. – July 17, 2008 — More than half of the United States’ 100 largest publicly traded companies now report on their sustainability efforts, and more than a third now incorporate elements of the Global Reporting Initiative (GRI) sustainability reporting guidelines, according to a report released today by the Sustainable Investment Research Analyst Network (SIRAN), a working group of the Social Investment Forum (SIF), and conducted by the independent investment research firm KLD Research & Analytics, Inc.
The 2008 S&P 100 Sustainability Report Comparison, which evaluates SIRAN data through the end of 2007, shows a marked increase in sustainability reporting and use of the GRI by the top U.S. companies since mid-2005.
Key findings include:
* 86 of the S&P 100 companies now have corporate sustainability websites, compared to 58 in mid-2005, an increase of 48 percent;
* 49 of the leading U.S. companies produced a sustainability report in 2007, an increase of 26 percent from 39 in 2005;
* 41 now include a reference or references to the GRI standards, up 71 percent from just 24 in 2005; and
* 34 companies now include a GRI Index in their report, an increase of 70 percent, up from 20 in 2005.
SIRAN’s third annual analysis of sustainability reporting by companies listed on the Standard & Poor U.S. 100 Index is available at www.siran.org/projects_s_and_p_reporting_comparison.php