Mainstream investors are coalescing around the notion that the future of corporate reporting involves standardized disclosure giving them the ability to monitor practices and performance related to long-term sustainability.
CII's member-approved Statement on Corporate Disclsoure of Sustainability Performance states :
CII encourages companies to disclose standardized metrics established by independent, private sector standard setters along with reporting mandated by applicable securities regulations to better ensure investors have the information they need to make informed investment and proxy voting decisions. CII believes those standards that focus on materiality, and take into account appropriate sector and industry considerations, are more likely to meet investors' needs for useful and comparable information about sustainability performance. CII also believes that over time, companies should obtain external assurance of the sustainability performance information they provide.
- Materiality to investment and voting decisions
- Depth, consistency and reliability of empirical evidence supporting the connection between the disclosure and long-term shareowner value
- Anticipated benefit to investors, net of the cost of collection and reporting
- Prospect of substantially improving transparency, comparability, reliability and accuracy
- Climate change risk metrics
- Diversity of the board and executive officers
- Key workforce metrics, including total workforce spend, turnover and full-time/part-time/contingency breakdown
- Political spending