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Corporate reports: Investors push to know more about non-financial risks

The BP oil spill in the Gulf of Mexico has shown that an environmental disaster can be as financially devastating for a company as a downturn in business – let alone the reputational damage...Investors increasingly want companies to include information about their impact on the environment in annual reports, to help judge potential risks...[A]nalysts want data on non-financial matters, such as use of raw materials and energy consumption...Reflecting this trend, more than 800 investors have signed up to the UN’s Principles for Responsible Investment...The goal is to nudge companies to provide environmental, social and corporate governance (ESG) data voluntarily, rather than legislating...Most companies face “a giant leap” in taking sustainability reporting to the next level, says PA Consulting. The trend towards direct consumer reporting will force them to be much more open to scrutiny. [also refers to BP, Further, Mitsubishi Electric (part of Mitsubishi Group), Carbon Trust Standard Company, Oekom Research, Microsoft]