Corporate reporting on sustainability issues does not always give confidence that companies understand sustainability issues and are managing them effectively. This article provides insights into effective sustainability management, and recommends that companies review their list of sustainability issues and manage those that are most material to the business.
Read more: Manage first – Report later
Tracking the outcomes of social investment is increasingly becoming a shared responsibility between donors and recipients where a common understanding needs to be reached to manage expectations around long-term impact and to extract lessons that will help guide future interventions.
As part of the annual Trialogue Making CSI Matters conference held on 3 and 4 June 2014 in Johannesburg, Trialogue facilitated a lively discussion on ‘measuring outcomes’ that uncovered some diverse views from donors and grantees. The debate sought to challenge practitioners to look beyond compliance and reporting for reporting’s sake, and instead to really interrogate whether the information and data being gathered was being meaningfully accessed.
Read more: Measuring the social change we create through CSI
If reports are to earn the trust of their company’s stakeholders, and become widely used as credible sources of useful information, what should corporate South Africa be doing differently? This article calls for corporate leadership to do the right thing and say it like it is.
In her final column for the Business Report, Ann Crotty tackled the subject of annual reporting credibility with comment on Caxton’s recently released 2013 Annual Report. She begins: “You should know that when Caxton’s annual report can be considered as one of the best to be produced by a JSE-listed company, something has gone horribly wrong with the whole concept of corporate disclosure.”
After debating whether the report is “on the money” or not, she notes that it is a truly wonderful thing that you, the reader, have to trip through only 64 pages to “get the misleading impression that you know something about Caxton”. Meanwhile, “other companies will force you to wade through as many as 600 pages before leaving you with the same misleading impression...”.
Read more: The power of balanced reporting