New research by BSD and Thomson Reuters on the non-financial reporting process
BSD and Thomson Reuters publised a white paper about the challenges and benefits of new corporate reporting processes
An important external driver in setting a company’s annual reporting agenda is the expected demand for information by sustainability ratings questionnaires. Additionally, an important reward for producing annual sustainability or integrated reports is the ability to present a holistic story that ties together a company’s enterprise-wide activities toward greater sustainability and value generation. Non-financial reporting enables corporate responsibility teams to deliver a data-driven, strategic message to senior management.
These are some of the findings that emerged from a new study published by Thomson Reuters and BSD Consulting. In 2016 BSD joined Thomson Reuters in initiating research on the processes followed by companies in producing sustainability reports, including references to the development of annual financial and integrated reports. It involved interviewing reporting managers from listed companies world-wide.
The research culminated in a White Paper entitled “The Sustainability Reporter – A deep dive into the challenges and benefits of new corporate reporting processes”, published by Thomson Reuters and BSD on 9 March 2017. The white paper (see link in the righthand side) addresses the setting of the reporting agenda and determining material content, challenges and tools for information flow, as well as the benefits of sustainability reporting. Written for managers from finance and accounting, it introduces basic elements of sustainability reporting, the process of preparing such reports, as well as linkages with annual financial reporting and new processes of developing integrated reports.