1. ESG disclosure trends
Roger Cowe

2. United Technologies Vodafone WPP Xstrata
My perspective
Working in ESG since mid-1990s
Now working with major companies on ESG communications
AstraZeneca BAA BAE Systems BSkyB BT Capita Caterpillar CEMEX Firmenich HSBC InterfaceFlor  ITV Kimberly-Clark Land Rover McGraw-Hill Motorola Nokia Siemens Networks Novartis Pitney Bowes Roche RSA Standard Chartered Syngenta Sun Microsystems Tesco Unilever
United Technologies Vodafone WPP Xstrata
So point out my perspective is influenced by major multinational leaders in ESG disclosure

3. ESG disclosures
PLUS: investor surveys/meetings, annual reports (for Governance), SRI questionnaires (eg Eiris, DJSI and Vigeo)
Comment – explosion of experimentation
still a big business activity; what about the rest – disclosure to corporate customers

4. 5 Key trends Enthusiasm for communicating on ES(G)
Experimentation, diversity, communication
More attention upstream and downstream
Increasing focus on positive contribution
Formal reports still the major vehicle
Note G is slightly separate

5. Formal reports – 5 themes
Move to multiple versions
Interest in integration
More data, hard targets
Acknowl-edgement of GRI, not adherence
Geog differences
Limited assurance

6. Conclusions Clear value in disclosure for large companies
Smaller companies focus on customers
Multiple audiences, differing priorities
Quality as well as quantity

7. Thank you

8. Formal reports - numbers
8 out of 10 global leaders
More than 1500 reports in Europe
US has been catching up
BUT not much beyond the top 100
Source: KPMG, Corporate Register