FSR – Danish Auditors hired Center for ESG Research to investigate the usability of the CSR reports of the 50 largest Danish companies – listed as well as unlisted.
The analysis covers both the robustness of the reports, the connotation between the business and the sustainability activities, and not the least the use of the UN’s 17 SDGs.
The main results are: All companies report in some shape or form, and all have goals and data – but:
Reporting quality needs strengthening:
• 4 out of 10 companies do not clearly disclose which parts of the business, the report includes
• Less than half of the companies mentioned their used accounting practices and describes how performance data has been calculated
• Less than half of the companies do not explain positive developments in the figures, and just a bit more than half do not explain the negative developments
The connotation between the business and the sustainability activities need clarity:
• 4 out of 10 companies do not describe how materiality for the report’s content is considered
• A bit more than half of companies report CSR risks, but only 2 out of 10 mention the business opportunities, CSR efforts can provide
• 4 out of 10 companies do not describe dilemmas and challenges in CSR work
The UN’s SDGs are increasingly included in the reporting:
• 7 out of 10 companies refer to the SDGs, but only 3 out of 10 tells about progress in their effort to achieve the goals
• 6 out of 10 companies focus on selected SDGs, and bit more than half of these focus on goal 12 that concerns responsible consumption and production
See the entire analysis here (in Danish – sorry. If you want to know more about the analysis, please contact Center for ESG Research at firstname.lastname@example.org)