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Reporting to stakeholders in a transparent and public manner is fundamental for companies committed to sustainability. A company’s annual Communication on Progress (CoP) is a key component of its’ commitment to the UN Global Compact.
There are several powerful drivers of non-financial reporting that are pushing companies to act responsibly and report on their actions: Mainstream investors are considering environmental, social and governance (ESG) information in their strategies. Non-financial information is shaping the decisions of consumers, local communities and civil society organizations that are all expecting greater transparency from business. Once only a voluntary activity, there is a trend towards mandatory non-financial reporting.
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