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CSR Research Digest – December 2012

Summary

Now in its ninth year, the Tomorrow’s Value Research (TVR) provides a unique insight into the sustainability practices of the world’s largest companies. The study assessed the 25 largest companies by revenue in each of three different regions: Asia/Australia, Europe, Middle East and Africa, and the Americas, plus the 19 Dow Jones Sustainability Index (DJSI) 2011 supersector leaders.

Key Findings

• In the drive for greater transparency, companies risk becoming too introspective and losing sight of the bigger sustainability picture.
• Whilst an increasing number of organisations are painting a legitimate picture of sustainability success, the reality is that on a global scale they are far from reaching solutions.
• The 2012 Tomorrow’s Value Research highlights companies such as HP, Panasonic and Siemens who demonstrate best practice in their sustainability programmes.
• However, the success of these companies also demonstrates the difficulty that most have in moving up the ‘ladder’ to leadership.
• Only 10 of the 19 DJSI super-sector leaders scored over the leadership threshold (70%) and less than a third of the largest companies crossed this threshold.
• Europe continues to drive best practice in sustainability with an average score of 69%, but the greatest improvements in reporting have occurred in large Asian companies, highlighted by strong reports in Korea and Australia, as well as relatively new reporters in China and India.
• Not surprisingly, technology companies have taken the lead in applying innovation to environmental and social challenges.
• These companies are also leading the way in integrating broad stakeholder feedback into their innovation processes to drive new product development and more efficient manufacturing.
• But the most robust management and governance structures remain in the traditional ‘high risk’ industries such as oil and gas and heavy manufacturing.
• Leaders in this sector are building on decades of operating in challenging environments to roll out best practices in risk management that integrate specific mechanisms for stakeholder feedback.

Author(s)

Two Tomorrows

Source

PDF report

Tags: Tomorrow’s Value, Two Tomorrows