Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Corporate reporting on sustainability now mainstream


More than three-quarters of the value of the New Zealand Stock Exchange (NZX) is reporting on sustainability, according to a recently-released report. The report is a clear signal that corporate reporting on sustainability has now become mainstream in New Zealand.

The report, Towards Transparency, was produced by sustainability consultancy Proxima and was based on a review of all sustainability and integrated reports released in New Zealand for the year ending August 31, 2018.

The report launch in Auckland on October 31 will include an address from Richard Howitt, CEO of the International Integrated Reporting Council (IIRC). The IIRC developed the Integrated Reporting framework which has been adopted by several New Zealand companies including Z Energy, New Zealand Post and Sanford.

Many of the adopters of Integrated Reporting are also members of the Sustainable Business Council (SBC), which requires members to be accountable for and disclose their sustainability impacts. Abbie Reynolds, SBC, Executive Director, says that “we are pleased that SBC members are leading the way on integrated reporting. We often say in business, what gets measured, gets managed, which is why reporting allows business to make real inroads on the sustainability challenges business face”.

The report’s author, Calum Revfem from Proxima says there has been a real shift in non-financial reporting recently in New Zealand. “Changes in reporting have been primarily driven by changes to the NZX Governance Code and growing investor demand for more non-financial information on which to make better decisions. Sustainability and integrated reporting have now become mainstream”.

Key findings from the report include:
• The 34 NZX listed companies reporting on sustainability account for over 75% of the total market capitalisation of the NZX
• Over 70% of sustainability reporters used an internationally-recognised reporting framework such as GRI or
• More than 75% of sustainability reporters disclose how they determined the material topics to include in their reporting.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Largest Drop In Terms Of Trade In A Decade As Dairy Export Prices Sour

Lower export prices for dairy, meat, and logs in the September 2020 quarter led to the biggest drop in terms of trade since June 2009, Stats NZ said today. Export prices fell in the September 2020 quarter, down 8.3 percent from its highest ever ... More>>

ALSO:

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: