Recent research by KPMG found that even though corporate responsibility reporting has reached an all-time high among the Global Fortune 250 (G250), many of the reports lack rigor.
Now, another new study offers an even harsher critique.
After analyzing more than 4,000 corporate social responsibility (CSR) reports, rankings and surveys published by companies worldwide over the past 10 years, researchers at the University of Leeds and Euromed Management School (France) found that most included significant errors, such as unsubstantiated claims, gaps in data and inaccurate figures.
In fact, out of 443 European Union companies featuring in the FTSE All World Index between 2005 and 2009, fewer than one in six reported greenhouse gas emissions that covered all corporate activities, while others were vague, failing to reveal precisely how the data applied to specific activities.
The research uncovered some glaring examples of misinformation. (more…)