Dorsey Baskin, Nichole Jordan, Jack Katz
Demand for sustainability reporting is on the rise in the financial services sector. For many bank stakeholders, an annual report confined to financial performance isn’t enough. They want a document that examines the institution’s long-term ability to pursue economic returns, while remaining ethically, socially and environmentally conscientious.
While sustainability reporting is still not as widespread in the United States as in some other countries, it is definitely on the uptick. According to the Governance & Accountability Institute, nearly three-quarters of all of the companies in the S&P 500 Index and Fortune 500 are now publishing sustainability reports.