Image: Adrian Pingstone
This week, leading professional and corporate consultancy Spada released new research on environmental reporting, which shows FTSE100 companies are more than vague when using environmental terms and concepts.
Only two of 79 leading corporate organizations were able to define what they meant by sustainability – BP and British American Tobacco – while the others claimed “operational flexibility”, and so avoided a concise definition.
Considering the actions of many large institutions recently, i.e. the banks, it’s obvious their practices are anything but sustainable – in trading terms – so how could they possibly define what they mean by sustainability?
Spada are calling for globally recognized standards in environmental reporting and hope to see more clarity and transparency from companies when discussing sustainable practices. Don’t we all?