Sustainability reporting is not a passing fad but rather a mainstream development that requires appropriate attention from management and the board. This report by Deloitte discusses the importance of reliable and relevant information as sustainability reporting continues to grow.
SEC reporting companies were required to provide disclosure about conflict minerals by May 31, 2014 for the prior calendar year on Form SD (for “specialized disclosure”). Davis Polk inspected a sample of companies from the first wave of Form SD filings by S&P 500, S&P Midcap 400, and non-U.S. SEC reporting companies in the S&P Global 1200 to see how companies have begun to interpret their obligations under the new rule.
Publication date: 8/2014
File size: 143 KB
Posted with permission from Davis Polk & Wardwell LLP, copyright 2014.
Finding the Value in Environmental, Social, and Governance Performance
Environmental, social and governance (ESG) issues can be material, presenting risks across a company’s entire value chain from supply chain labor disputes to large scale industrial accidents and product safety concerns. In this issue of Deloitte's Review, the evidence on investor behavior confirms that ESG issues can result in fundamental shifts in a company’s financial well-being, management and culture. A growing class of risks, they can be financially material and increasingly a concern in today’s growth-challenged and volatile environment, where even small shocks from the outside world can determine whether a company sinks or swims. This makes disclosure on how companies manage their ESG risks all the more critical, because it can help attract and retain investors and establish the long-term value of ESG management.
The U.S Congress signed the Dodd Frank Wall Street Reform and Consumer Protection Act into law on July 21, 2010. Section 1502 of the Act seeks to deter - through increased transparency of companies' sourcing practices - the extreme violence and human rights violations in the Democratic Republic of Congo and neighboring countries, which are funded by the exploitation and trade of certain minerals. This Deloitte Point of View discusses how companies should evaluate their own internal capabilities to fully understand the course of action to take in terms of implementing this regulation.
Sustainability has become a top-of-mind issue for boards seeking to enhance performance and reputation, mitigate risks, and foster innovation and growth. This white paper from Deloitte Touche Tohmatsu Limited (DTTL)’s Global Center for Corporate Governance calls on boards to view corporate sustainability as more than just good corporate citizenship, but as an integral component of an organization’s business strategy.