Benchmark studies confirm poor progress on stakeholder reporting

Inconsistent environmental reporting is preventing investors from judging corporate practices, and only 17% of the biggest publicly quoted UK firms have even produced a report, according to a survey by investment consultants.1 Difficulties in judging between firms have been confirmed by two recent benchmarking exercises which produced contradictory rankings.

"The lack of consistent, comparable and relevant information" is preventing companies and investors from judging good practice, according to a survey of FTSE top 350 firms by Pensions & Investment Research Consultants (PIRC).

PIRC found that 65% of the top 350 companies reported on environmental issues - mostly alongside their annual accounts. But only 60 (17%) have produced a separate environmental report. Only 75 said they had an en

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