Study shows Canadian financial executives see value in environmental reporting

Corporate Sustainability Reporting in Canada, a new research report from the Canadian Financial Executives Research Foundation (CFERF), the research institute of FEI Canada (FEI Canada), and PricewaterhouseCoopers LLP (PwC), shows that Canadian senior financial executives consider disclosure of their company’s environmental and sustainability performance to be important.

The report is the result of a CFERF survey of 343 senior financial executives in conjunction with the conclusions of an Executive Research Forum held in Toronto on May 28, 2008. Almost half of the survey respondents represent organizations with annual revenue of $250 million or less, with the remainder having revenues of $250 million to more than $20 billion. 48% of survey respondents represent the public sector, and 42% are in the private sector.

90% of survey respondents consider reporting the environmental and social impacts of their companies to be important, and 72% claimed that their company understood which sustainability issues were most relevant to achieving their corporate goals. Yet more than 50% admitted that their company did not have either an effective strategy for managing sustainability goals or an effective system in place to enable reporting.

78.4% of respondents believe that the average investor does not have enough information about the sustainability performance of Canadian companies.

Measuring and managing your organization’s carbon footprint is a fundamental aspect of corporate sustainability reporting. CSA’s GHG CleanStart™ Registry is a respected forum for publishing your carbon inventory report. Our GHG Management Training program can help you acquire the skills and knowledge you need and our Adaptation team can help you establish your baseline carbon footprint or identify suitable emissions reduction activities that can help reduce your carbon footprint.

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