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19
52%
30%
35%
28%
26%
15%
14%
81%
20%
15%
16%
11%
6%
13%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Payroll
Energy
GHGs
Water
Waste
Lost-time
injury rate
Employee
turnover
DEVELOPED
EMERGING
Figure 6:
First generation indicator disclosure rate by economic region, 2011
Break-out discussion:
developed vs. emerging markets
Do companies listed on emerging markets-based
exchanges exhibit different sustainability disclosure
patterns than their developed market counterparts?
We compare the reporting breadth, reporting
improvement rate and reporting timeliness of both
segments to find out.
Source: CK Capital
As shown in
Figure 6
, disclosure rates in 2011
were almost uniformly higher for companies
listed on exchanges based in developed markets.
Interestingly, the data show that Payroll disclosure
is higher among companies based in emerging
markets. This anomaly likely reflects the fact that
the United States, the largest developed market
economy, has not adopted International Financial
Reporting Standards (IFRS), the accounting standard
followed by the majority of the rest of the world that
mandates disclosure of payroll costs.
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