News Media Contact
Peter M. Hamilton
Tel 646.430.8230 ext. 18 Cell 516.375.6434
(New York, NY, December 17, 2011) -- The rise in ESG/CSR/Sustainability reporting among U.S. companies in the S&P500 Index® and the Fortune 500® resulted in a dramatic increase from 2010 to 2011, according to an analysis released today by Governance & Accountability Institute.
The New York-based G&A Institute, which is the exclusive Data Partner for the Global Reporting Initiative (GRI) in the United States, the UK and Ireland, published its analysis -- "2012 Corporate/ESG/Sustainability/Responsibility Reporting - Does It Matter?"
G&A team members for the second year have been examining corporate sustainability and responsibility reporting trends by US-domiciled companies to explore the question -- does such reporting really matter? The research team began their research with these commonly-asked queries in mind:
This year G&A Institute elected to concentrate on the universe of the S&P500 companies (last year's report focused on the Fortune 500 companies). G&A initiated the change partly in response to feedback from readers of the first report, and to better align the report with the most commonly-used benchmark, the S&P 500.
G&A Institute underscored a significant takeaway from its report: Now that 53% of the S&P500 and 57% of the Fortune 500 companies are reporting on their Environmental, Social, and Governance (ESG) impacts, for the first time the non-reporters are in the minority.
G&A Institute Chairman Hank Boerner observed: "We believe this minority universe will continue to shrink as it has in the past few years as more large-cap companies embrace sustainability reporting. The benefits of sustainability reporting are becoming increasingly obvious over time and the long-term benefits of adopting sustainability strategies and reporting on performance become easier to measure and quantify."
Louis D. Coppola, Partner and Senior Vice President at the Institute emphasized: "The lesson for corporate management and boards: If you are not reporting, your competitors and peers almost surely are. The task of “catching up” will only grow larger. And, those companies reporting for a longer period of time have a definable lead on their peers."
Governance & Accountability Institute is the US Data Partner for the GRI, and also for the UK and the Republic of Ireland. Beginning with year 2011 reporting the Institute has been collecting, analyzing and reporting on the trends in sustainability and responsibility reporting by US companies and the US-based subsidiaries of multinationals. The Institute over the coming weeks will share selected subsets of some of this year's research findings.
Primary researchers and authors of this year's report were Lindsey Clark, Earth Institute of Columbia University, and David Master, Zicklin School of Business at Baruch College. Reviewers, editors and advisors were Hank Boerner, Chairman, and Louis D. Coppola, MBA, Partner.
Research partners sharing resources with the G&A Institute’s research team were: CSRHub and Bahar Gidwani (Principal), GetAYou (Investars); SAM Group (creators and managers of the DJSI); Bloomberg LLP’s (Rina Levy); CRD Analytics (principal Michael Muyot); Brandlogic and senior partner James Cerutti; and, the Global Reporting Initiative and Focal Point USA's team leaders Mike Wallace and Marjella Alma.
About G&A Institute
Governance & Accountability Institute, Inc. (www.ga-institute.com ) offers a portfolio of resources to help detect, identify, monitor, analyze, & address critical issues related to Sustainability, Corporate Social Responsibility (CSR) and Sustainable & Responsible Investment (SRI). The Institute is an issues management, strategies, research, communication and advisory organization providing leaders in the investment, corporate, social, and public sector with services and tools related to Environmental, Social and Governance (ESG) issues. G&A Institute is the sole data partner for The Global Reporting Initiative (GRI) in the USA, UK and Ireland.
See Report: http://ga-institute.com/index.php?id=225
For G&A Institute
Peter M. Hamilton, Media Relations, 646.430.8230 x18
Hank Boerner, Chairman/CEO, 646.430.8230 x19
Louis Coppola, Partner & Senior Vice President, 646.430.8230 x14
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