New analysis of corporate sustainability reporting in Europe exposes major gaps, with 82.8% of companies reporting a human rights policy but only 22.2% disclosing their human rights due diligence process.
Similarly, just 23.4% of the more than 1,000 companies analysed provide specific information that allows readers to understand the climate-related risks they are facing – out of 53.8% reporting that they recognise the existence of such risks.
Some 88.1% report on anti-corruption polices, but only 33.7% describe how these are implemented. And 54.8% report on tax policies, but only 19.3% express specific commitments about paying taxes where profits are generated.
On emerging ESG risks such as biodiversity, only 7.2% of companies provide investors with any disclosure.
The research, from the Alliance for Corporate Transparency, warns that the poor quality and lack of comparability of corporate disclosures hinder efforts to scale up sustainable…