A recent Harvard study looked at the evolution of integrated reporting, or the corporate practice of combining and communicating financial and non-financial (sustainability) performance in a single set of statements.
Here are some highlights:
*France and the European Union will require ESG (environmental, social, and governance) reporting of all publicly-traded companies within the next year, a significant step toward mandated integrated reporting. South Africa, one of the so-called BRIC nations, already requires it.
*Danish bio-industrial products company, Novozymes, became the first company in the world to issue an integrated report almost 10 years ago, followed by Natura Cosméticos, a Brazilian cosmetics and fragrances company and the Danish diabetes care company Novo Nordisk in 2003 and 2004, respectively.