Carrots and Sticks – Promoting Transparency and Sustainability

KPMG recently published a report Carrots and Sticks – Promoting Transparency and Sustainability: An update on trends in Voluntary and Mandatory Approaches to Sustainability Reporting. The study covered 30 countries, including both developed and developing world economies. It revealed that a total of 142 country standards have been developed related to sustainability reporting. Of these reporting standards, 65% are mandatory and 35% are voluntary. In addition, 14 assurance standards have been developed for sustainability reporting.