Aussie firms slow to discloseNovember 2003
Only one in ten of Australia’s biggest firms have so far entered details of their corporate responsibility programmes on a new free-access database.
The Sustainability Reporter website, launched a year ago, was established so that Australia’s 300 largest listed companies could post responses to questions on their ethical performance that are most commonly asked by SRI analysts.
The intention was to reduce the need for firms to answer repetitive SRI questionnaires from various analysts, a source of complaint from many firms.
However, only 33 of the 300 companies have actually supplied information, and of those just six – Amcor, Billabong International, Coles Myer, Envestra, Newmont Australia, and Orica – had their entries available for viewing last month.
Big firms appear to have been particularly slow to react: of the 50 largest listed companies on the Australian Stock Exchange, only Amcor and Coles Myer had information on the site, which was developed by the Sustainable Investment Research Institute (EP4, issue 5).
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