Editorial Feature: BPA's iCompli Research Findings: Global Media Companies
Lagging on Sustainability Reporting
Shelton, CT -- (Marketwired) -- 04/29/13 -- While U.S.-based
companies are adopting sustainability reporting using the GRI
framework, the media sector lags well behind with its uptake of
reporting, according to data in a new research report released by the
iCompli service of BPA Worldwide and IRAS, a South African firm
specializing in sustainability compliance reporting.
The study, Applying Global Reporting Initiative Guidelines for
Effective Reporting: A Review of Global Media Companies' CSR Reports,
analyzed how 54 companies within the media sector reported corporate
sustainability according to the Global Reporting Initiative (GRI).
Details of the study were released April 23 during a presentation at
the LEED Platinum Hearst Tower in New York City.
GRI (Global Reporting Initiative) is a not-for-profit, network-based
organization that promotes the use of standardized sustainability
reporting as a way for organizations to become more socially
responsible and contribute to a sustainable global economy.
The list of Top 10 Media sector companies for GRI reporting included:
Bloomberg (US), Grupo Antena 3 (Spain), Publicis Group (France), Axel
Springer (Germany), Mediaset (Spain), Media Prima (Malaysia), TC
Transcontinental (Canada), Reed Elsevier (UK) and Lagardiere
While the numbers of those media brands reporting sustainability is
off to a slow start, this is an initiative that will continue to gain
momentum in the coming years, according to Richard Willingham,
President of motum B2B and Chairman of the BPA Board, who introduced
"Within the media sector specifically, sustainability is now being
pushed down the supply chain by the brands that media owners rely on
for revenues," Willingham said. "One of the outcomes of this
increased demand for sustainability information is an increased
number of sustainability reports being issued by media companies."
GRI has designated 15 sector supplements across various vertical
markets that offer additional industry-specific indicators that
increase the comparability of reports within individual sectors.
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Founded in 1906, American Business Media is the association of
business information providers, delivering business intelligence to
industry professionals worldwide, including Madison Avenue, Wall
Street and the Beltway. Its 300 plus member companies reach an
audience of more than 100 million professionals and represent nearly
6,000 print and online titles and over 1,000 trade shows, with well
over $26 billion in annual revenues.
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