Stock Exchange Benchmark On Non-Financial Reporting Rules

Dec
2012

posted by Ileana Magureanu | on Research | No comments

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Governance Research Digest – December 2012

Summary

The Verdantix report “Stock Exchange Benchmark On Non-Financial Reporting Rules” assesses the sustainability disclosure requirements for ten stock exchanges around the world with combined market capitalization of $15 trillion representing more than 15,600 listed firms. The focus is on rules, policies, scope, current status, enforcement, penalties, format and frequency of non-financial reporting.

Key Findings

Despite widespread praise for the introduction of new environmental and social reporting requirements none of the stock exchanges operates demanding green reporting rules.
Rules on social responsibility disclosures are prominent in emerging economies like India where investment in extractive industries can have significant impacts on local communities
Integrated reporting of financial and sustainability performance has been spear-headed in South Africa by the King Code of Governance Principles
Broader reporting of material environmental and social risks has been driven up the agenda by the Australian Corporate Governance Principles and Recommendations
National legislation requiring environmental disclosures in the French market requires firms listed on NYSE Euronext to report against 42 Environment, Social and Governance indicators
From April 2013, 1,800 firms listed on the London Stock Exchange must disclose GHG emissions data due to a new UK government regulation implemented by the LSE.

Author(s)

Verdantix

Source

Further details

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