One in three FTSE companies report on how they create financial value for stakeholders other than shareholders, according to research by professional services firm Deloitte.
Veronica Poole, Deloitte’s UK head of corporate reporting, said: “It is encouraging to see companies adopting the principles of integrated reporting in an effort to communicate better and highlight the impact they are having for stakeholder groups, beyond shareholders.
“The best reports are authentic: they don’t just tell a story, but explain how that company lives its story. Their integrated thinking shines through as a result.”
The insight comes as part of Deloitte’s annual look at trends in company reporting. It also revealed that more half of the companies surveyed saw cyber-crime as a principal risk to business.
Poole said that Brexit and climate change are set to climb the list of principal risks for 2016.
“Recent high-profile breaches and the reputational damage such events can bring is perhaps driving this trend, though board interaction in these discussions was varied. Looking ahead, Brexit and climate change are expected to join the list of ‘principal risks’ for many in FY16, bearing in mind the recommendations of the FRC and the work of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures.”