Corporate social responsibility (CSR) content in annual reports has continued to expand with increased focus on the ‘non-financial’ aspects of companies’ operations.
UK reporting requirements have reinforced this trend and many companies report well beyond what is formally required. We analysed annual reports from a sample of companies in the FTSE 350 with a year end in 2015 to understand their reporting of CSR information.
What we found was that despite some examples of good practice it is not a strong area of reporting as often the content is not related back to the business model and the value creation process, leaving a significant question about its materiality.
By: Mario Abela, Corporate Reporting and Research Director at Gather
See the report here