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Large companies in Japan lead the world in producing standalone corporate responsibility reports, says the KPMG international survey of the biggest corporations. Altogether 80 per cent of large Japanese corporates produce separate reports, ahead of even those in the UK, where the figure was 71 per cent, placing the country in second position.
Asian countries, other than Japan, are poor performers, says the survey, although standalone reports are becoming more common.
Non-financial reporting has taken off in South Korea in the past two years, but there is little evidence of more companies producing such reports in Bangladesh, Indonesia, Malaysia, Pakistan, Singapore, Sri Lanka and Thailand. Where it happens it is largely encouraged by the subsidiaries of multinationals, says KPMG.
In India most corporate responsibility activity is in community initiatives rather than governance, risk and disclosure. In China, reporting is almost non-existent, the researchers found, though the banks are publishing reports as part of the banking sector's reforms before privatization.
Asian countries, other than Japan, are poor performers, says the survey, although standalone reports are becoming more common.
Non-financial reporting has taken off in South Korea in the past two years, but there is little evidence of more companies producing such reports in Bangladesh, Indonesia, Malaysia, Pakistan, Singapore, Sri Lanka and Thailand. Where it happens it is largely encouraged by the subsidiaries of multinationals, says KPMG.
In India most corporate responsibility activity is in community initiatives rather than governance, risk and disclosure. In China, reporting is almost non-existent, the researchers found, though the banks are publishing reports as part of the banking sector's reforms before privatization.
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