Friday, August 24, 2007

Has an Aussie found the business case for sustainability reporting?

Thanks to Phil Hughes, the Director of the Centre for Public Agency Sustainability Reporting in Melbourne Australia for bringing an interesting tidbit to my attention.
He spotted a new report that reveals strong economic case for sustainability risk reporting to be adopted by Australian businesses.

On August 1st 2007, the Financial Services Institute of Australia (Finsia) released the first economic analysis to examine the costs/benefits to business and the economy of sustainability risk reporting in Australia.

The report, Tip of the Iceberg, found that benefits arise because companies with sustainability risk reporting benefit from lower corporate borrowing costs as a result of reduced risk, and higher labour productivity and sales from the boost to their reputation with employees and customers.

“In short, there is a strong economic case – to the tune of $1.2 billion GDP per annum and a significant profit gain of 2-3 per cent for medium and large companies that voluntarily report on sustainability risks”.

“Overall, the voluntary adoption of SRR [sustainability risk reporting] by more Australian businesses appears to be a worthwhile investment for them, as well as having wider economic benefits, and so should be encouraged by Australian Governments”.

The report also found that the proportion of Australian top 100 companies reporting of sustainability risks was likely to increase from 23 per cent to 60 per cent within three to five years.

Finsia commissioned the independent study conducted by Econtech, to determine the costs/benefits of environmental, social and corporate governance for sustainability reporting to business and the overall economy. They refer to this style of reporting as sustainability risk reporting (SRR).

The report is part of Finsia’s Tip of the Icebreg – investing for the long-haul campaign on sustainability risk reporting. The report was released at a sustainability summit in Sydney and is now available to download (large 7M paper).

21 comments:

Chart Smart said...

Nice Blog :)

eco lodges said...

hello, good morning to all, I read his blog yesterday, comparing information, and reach the conclusion, that their information is very professional, I would love to have your blog update about "Has an Aussie found the business case for sustainability reporting?". Thanks for creating and sharing this information.!

Anonymous said...

generic viagra online cheap viagra in usa - order viagra us

Anonymous said...

order tramadol online tramadol dosage for dogs by weight - can you buy tramadol over the counter in spain

Anonymous said...

buy soma images of soma pills - soma medication picture

Anonymous said...

buy soma soma 04106 - do soma bras run big

Anonymous said...

buy soma online buy soma online usa - soma intimates online code

Anonymous said...

buy soma buy cheap soma online no prescription - buy soma florida

Anonymous said...

soma medication soma medication info - buy soma online usa

Anonymous said...

buy soma generic equivalent soma - soma 350 mg pills

Anonymous said...

order cialis secure tabs online cialis 20 mg - cialis 80

Anonymous said...

tramadol 50mg buy tramadol online us pharmacy - does tramadol hcl 50 mg have acetaminophen

Anonymous said...

buy xanax 1mg xanax drug test detox - many grams xanax overdose

Anonymous said...

buy carisoprodol carisoprodol pain killer - carisoprodol 350 mg forum

Anonymous said...

buy tramadol online mastercard overnight tramadol dose - tramadol hcl 50 mg strength

Anonymous said...

cialis online cialis rash - cheap cialis in the us

Anonymous said...

buy cialis online no prescription generic cialis 2.5 mg - buy viagra cialis online usa

Anonymous said...

http://buytramadolonlinecool.com/#73892 can you buy tramadol - can you buy tramadol online in usa

Anonymous said...

http://landvoicelearning.com/#63987 par 822 tramadol - tramadol hcl 50 mg

Anonymous said...

buy klonopin online klonopin withdrawal youtube - klonopin dosage hours

Anonymous said...

http://southcarolinaaccidentattorney.com/#90864 carisoprodol pregnancy - carisoprodol soma opiate