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CEOs and Boards Slow to Embrace Sustainability Reporting

Louis M. Thompson | October 16, 2013

The number of U.S.-based companies issuing sustainability reports may have reached a record high this year, but that doesn't mean the concept is catching fire.

Some CEOs and board members are shunning the reports because they say they drain valuable resources that could be deployed elsewhere.

The Oxford English Dictionary defines sustainable as “to be capable of enduring,” a characteristic that corporations  strive for,  but a 2013 survey of 1,712 corporate members of the United Nations Global Compact from 113 countries “shows that while increasing numbers of chief executives recognize the need to change, they are not following through with concrete actions.”  The report goes on to say that, “the Gap between what companies ‘say' and ‘do' is enormous.  For example, while nearly two-thirds of respondents claim to evaluate sustainability policies and...

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