If awareness is a precursor to action, new research suggests the world’s leading corporations are getting more sophisticated in tracking and influencing the environmental, social and governance-related issues that can affect their operations in the developing world.
Last year 72 percent of companies listed in the Standard & Poor’s 500, a stock market index which tracks 500 leading companies, published a sustainability or corporate responsibility report — a marked jump from the 52 percent the previous year, according to research released this week by The Governance & Accountability Institute.
In 2011 the number of companies publishing sustainability or corporate responsibility reports was only about 20 percent, according to the research.
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
