Spada’s research on environmental reporting showed FTSE100 companies were more than a little clueless when explaining environmental terms and concepts.
When 79 leading companies were asked to define their interpretation of ’sustainability’, only 2 (British American Tobacco and BP) were able to!
It’s really no surprise that many companies don’t ‘get’ sustainability – just look at the state of the current financial climate. It’s all the evidence you need!!
AccountAbility’s standards, the AA1000 Series, “are principles-based standards that provide the basis for improving the sustainability performance of organisations”. It has become the gold standard for sustainability, or non-financial auditing and assurance, and a leading standard for stakeholder engagement. Hundreds of organisations now use the series to guide their practices – let’s hope the magic spreads!
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