Post by account_disabled on Dec 30, 2023 4:17:42 GMT
Currently, the word “ sustainability ” is on everyone's lips. The search for a coherent balance between green corporate values and a consistent action plan is the holy grail of brands . Users and consumers increasingly value “eco-responsibility”, to the point that it influences their purchasing decision more than other variables such as price. However, regardless of the potential for sustainable positioning in marketing terms, environmental issues worry businesses because they can pose other kinds of risks . According to the “ KPMG Survey on Sustainability Reporting 2020 ” report , 64% of surveyed companies that publish non-financial information recognize climate change as a risk to their business . According to what the reports of such companies reveal regarding sustainability, corporate social responsibility and financial issues, the United Nations Sustainable Development Goals have become a checklist that structures the reports. “Today, no one disputes that issues such as climate change or the protection of human rights are critical business factors for the long-term health of companies.
The pandemic has served to reinforce that perception and, therefore, the interest of regulators, markets and public opinion in the performance of organizations in terms of sustainability,” said Ramón Pueyo, partner Phone Number List in charge of KPMG IMPACT and Sustainable Transformation of KPMG in Spain. What do the reports say in relation to the SDGs ? The relevance of the SDGs has experienced notable growth in companies; In 2017, only 53% linked their business activity to these guidelines, while now the volume stands at 84% . Of the 71 companies that include these objectives in their publications, 77% of them link them to business performance objectives. On the other hand, 6% present the negative and positive impacts that their business activity has on the SDGs. Additionally, 54% of companies that publish non-financial information include scope 3 in their carbon footprint calculation; contemplated in SDG number 13.
Towards reducing the wage gap In the reporting of non-financial information, issues related to Human Resources management also take center stage. Law 11/2018 on Non-Financial Information and Diversity includes the requirement to report data related to contracts and the measures implemented to promote gender equality in the workplace. In this sense, 48% of companies publish an annual average of contracts in their workforce and 61% report the methodology for calculating their salary gap; although there are no homogeneous formulas for this purpose. Despite this, the volume of specific action remains low: only 32% of companies publish the results of this indicator, only 18% publish measures adopted to improve the wage gap and barely 13% publish reduction objectives of the gap. Ethics and integrity or how to improve company transparency “The information on prevention of corruption and bribery that is included in non-financial and sustainability information reports is one of the key indicators regarding good governance and ethical conduct of organizations.
The pandemic has served to reinforce that perception and, therefore, the interest of regulators, markets and public opinion in the performance of organizations in terms of sustainability,” said Ramón Pueyo, partner Phone Number List in charge of KPMG IMPACT and Sustainable Transformation of KPMG in Spain. What do the reports say in relation to the SDGs ? The relevance of the SDGs has experienced notable growth in companies; In 2017, only 53% linked their business activity to these guidelines, while now the volume stands at 84% . Of the 71 companies that include these objectives in their publications, 77% of them link them to business performance objectives. On the other hand, 6% present the negative and positive impacts that their business activity has on the SDGs. Additionally, 54% of companies that publish non-financial information include scope 3 in their carbon footprint calculation; contemplated in SDG number 13.
Towards reducing the wage gap In the reporting of non-financial information, issues related to Human Resources management also take center stage. Law 11/2018 on Non-Financial Information and Diversity includes the requirement to report data related to contracts and the measures implemented to promote gender equality in the workplace. In this sense, 48% of companies publish an annual average of contracts in their workforce and 61% report the methodology for calculating their salary gap; although there are no homogeneous formulas for this purpose. Despite this, the volume of specific action remains low: only 32% of companies publish the results of this indicator, only 18% publish measures adopted to improve the wage gap and barely 13% publish reduction objectives of the gap. Ethics and integrity or how to improve company transparency “The information on prevention of corruption and bribery that is included in non-financial and sustainability information reports is one of the key indicators regarding good governance and ethical conduct of organizations.