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illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:
🗞️ Driving the news: A new study by Disability:IN reveals that 72% of European Fortune 500 companies include disability considerations in their ESG reports, compared to 65% in the U.S
• The study anticipates increased reporting with upcoming mandatory sustainability reporting requirements in the EU
🔭 The context: ESG reporting, initially voluntary and diverse in content, is becoming more standardized with new regulations set to take effect in 2025
• Currently, while a majority of companies mention disability, fewer disclose detailed workforce participation rates, suggesting a gap in the depth of reporting
🌍 Why it matters for the planet: Integrating disability into ESG reports reflects broader societal shifts towards inclusivity and diversity, crucial for sustainable corporate practices
• It aligns with global efforts to enhance corporate transparency and accountability, impacting social sustainability
⏭️ What's next: With the EU's implementation of more rigorous reporting standards under the Corporate Sustainability Reporting Directive (CSRD), companies will need to adjust their reporting practices, potentially setting a precedent for other regions, including the U.S.
💬 One quote: "While disability is being mentioned in the reports, companies are not providing hard data to back up their claims," noted Disability:IN in their analysis of ESG disclosures
📈 One stat: 72% of European Fortune 500 companies now include disability in their ESG disclosures
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