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Amid growing pressure from investors, America’s largest corporations are embracing sustainability reporting.
Nine in ten companies on the S&P 500 index, one bellwether of U.S. stock market performance, published sustainability, corporate responsibility or citizenship reports in 2019. That’s up from only 20 percent in 2011 and 86 percent in 2019, according to Governance & Accountability (G&A) Institute findings released this week. And companies are deploying significant resources to detail their environmental, social and governance (ESG) performance against a wide range of voluntary standards and frameworks utilized by investors, raters and rankers. Foremost among these are CDP (65 percent of reporters) GRI (51 percent), the U.N. Sustainable Development Goals (36 percent) and SASB (14 percent), G&A found.