Climate change-raporation relationship still poor
KPMG, Corporate Responsibility Reporting Survey 2017]] reviewed annual activities and corporate responsibility reports of the world’s 49 countries. The most remarkable result from KPMG research was not to see the climate change of three companies in the world as a financial risk. In the research reviewed by a total of 4 thousand 900 companies report, ] is not mentioned from climate change in 72 percent of therapors]. 74 of the 100 companies in Turkey are not included in the reports of climate change. KPMG Turkey Audit Committee’s Chairman Cute Soysal tells us that the climate change is ignored by worldwide companies. Only tens of companies who report risks said that climate change calculates potential financial effects.
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Cute Soysal, which states that Turkey’s largest 100 percent of the company has made corporate responsibility or sustainability reporting in the research, shows that “We are behind other countries in researching 50 percent in the face. In our country and around the world, climate change is very serious nature events. If we consider the harm that these disasters bring to social and commercial life, then the risks of the business world will be inevitable. With the guides prepared by global organizations and organizations, I believe that companies in Turkey will follow closely.
]They want transparency]
Soysal, indicating that the conditions in terms of companies are forced, "They want transparency about climate-source financial risks that companies face. Companies that do not make their strategies in their reports understandably soon will encounter the risks of losing their investors, finding capital and increasing insurance collaterals.
If we look at the lines of the radio...
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- Only more than half of companies in five countries, the financial risk of climate change. These Countries:
Taiwan(88)
] France (76)[
South Africa (61)
] USA (53)
Canada (51)
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- Reporting of climate-source financial risks in five countries is mandatory by state institutions, exchanges or regulatory organizations.
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- Financial risk reporting rate of climate change is the highest sectors:
] Forestry and paper (44)
Chemicals(43)
] Mining(40)
] Electrical, gas or water distribution (39)
] Oil and gas production (38)[
- Top Rate in Turkey with 15% in the automotive industry. [
Taiwan(88)
] France (76)[
South Africa (61)
] USA (53)
Canada (51)
[
- Reporting of climate-source financial risks in five countries is mandatory by state institutions, exchanges or regulatory organizations.
[
- Financial risk reporting rate of climate change is the highest sectors:
] Forestry and paper (44)
Chemicals(43)
] Mining(40)
] Electrical, gas or water distribution (39)
] Oil and gas production (38)[
- Top Rate in Turkey with 15% in the automotive industry. [
- It states that the world’s largest 250 company intends to reduce carbon emissions in three reports. However, 69% of reports are not associated with the climate targets set by the state or the European Union and the United Nations.
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- In the research, companies are included in the reporting approach of the United Nations Sustainable Development Goals. Accordingly, each 10 reports reviewed were associated with Sustainable Development Goals. Rate in Turkey 14%. [
- 73% of the companies see as a corporate responsibility subject to reporting human rights. In the world’s largest 250 companies, this rate rises to 90%. Countries with the highest rating: United Kingdom, India and Japan. Turkish companies remain behind the world with a 46% reporting rate on human rights.
KPMG examines trains in corporate responsibility reporting since 1993. When preparing the report of this year, the answer to five questions was sought:
KPMG examines trains in corporate responsibility reporting since 1993. When preparing the report of this year, the answer to five questions was sought:
]- Number of companies in financial risk of climate change
]- Number of companies that associate corporate responsibility work with UN Sustainable Development Goals
- Number of companies whose human rights under corporate responsibility[
- Number of companies that put the target for carbon emission reduction[
- Number of companies that share information about corporate responsibility in annual financial reports
]- Number of companies that associate corporate responsibility work with UN Sustainable Development Goals
- Number of companies whose human rights under corporate responsibility[
- Number of companies that put the target for carbon emission reduction[
- Number of companies that share information about corporate responsibility in annual financial reports
You can review ]interactive map]], or you can access the entire report ]] that ]] address.
Source: Sustainable Business