NEW YORK, June 10 /PRNewswire/ -- The number of American companies
reporting on environmental, social and sustainability performance continues to
rise, reflecting a global trend toward greater reporting of corporate
responsibility issues, according to KPMG LLP, the U.S. professional services
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"As the demand grows for corporate accountability and responsible
behavior, many U.S. companies realize they must share their values -- as well
as their value -- with their stakeholders," said Michael Radcliffe, a director
with KPMG LLP Global Sustainability Services.
"While that message is still working its way across corporate America,
companies that embrace this approach are finding that this is just good
business sense and that they are rewarded with an enhanced reputation that
often leads to greater financial value for the enterprise," he said.
Sustainability, or corporate responsibility, refers to the balance among
economic, environmental and social factors necessary to keep a company
profitable while being responsive to society's needs.
Every three years since 1993, KPMG's Global Sustainability Services (GSS),
collaborating with the University of Amsterdam, the Netherlands, has conducted
a survey of corporate non-financial reporting. The current survey was
conducted between November 2001 and February 2002 by KPMG GSS practices in
19 countries in conjunction with the University of Amsterdam.
Among the KPMG survey's major findings:
-- U.S. companies that issued reports in 2002 on environmental and social
issues rose 14 percent (from 28 to 32 companies), compared with a
similar survey conducted three years ago.
-- Among companies polled in the Global Fortune Top 250 (GFT250), four
sectors registered 100 percent reporting rates: chemicals and
synthetics; transportation; mining; and forestry, pulp and paper.
-- Forty-five percent of the GFT250 companies issued environmental, social
or sustainability reports in 2002, compared with 35 percent in the 1999
-- Some 30 percent of U.S. companies in the GFT250 reported on their
environmental, social and sustainability performance in 2002.
-- The United States led the 18 other nations polled in this survey for
the number of companies (32) reporting on environmental, social or
sustainability performance, but trailed in the percentage (30 percent)
of companies reporting. Japan was next in the number of companies
reporting with 28, an increase of 33 percent from the 21 companies
reporting in 1999. Germany (12), the United Kingdom (11) and France
-- The reports cited are separate from the companies' annual financial
reports to investors.
"When a company reduces its greenhouse gas emissions or works diligently
to maintain a healthy and safe workplace, it can benefit in several areas:
employee loyalty as well as customer satisfaction, brand value and strength of
reputation," Radcliffe said. "U.S. companies are beginning to grasp this
concept. The United States is closing the gap on Europe in terms of reporting
these non-financial performance measures. This year's survey shows an increase
in the importance that corporate executives are attaching to social,
environmental and sustainability issues."
KPMG LLP is the accounting and tax firm that understands business,
particularly the distinctive needs of market leaders. The firm offers clients
a powerful combination of people, products, technologies and results-oriented
strategies to help them meet their challenges and improve performance. The
fastest-growing Big Five firm, KPMG is uniquely positioned to help clients
strengthen their position in changing marketplaces. KPMG LLP
(http://www.us.kpmg.com ) is the U.S. member firm of KPMG International. KPMG
International's member firms have 103,000 professionals, including 6,500
partners, in 152 countries.
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SOURCE KPMG LLP