Which of the following is TRUE:
A)Most firms format sustainability reports in a standardized way.
B)GRI mandates that firms follow standards set by stakeholder council.
C)Voluntary reporting is growing at the highest rate.
D)Internal KPIs must be reported to the public in a timely manner.

Question

Quizplus · Accepted Answer

Voluntary reporting on sustainability is indeed growing at a significant rate as more companies recognize the importance of demonstrating their commitment to sustainable practices to stakeholders, including investors, customers, and the public. This trend is driven by increasing awareness of environmental issues, social responsibility, and the benefits of transparency in building trust and reputation. Unlike mandatory reporting, which is required by law or regulation, voluntary reporting allows firms more flexibility in what and how they report, leading to a rapid increase in its adoption.

Which of the Following Is TRUE