The Transparency TrapLeading practices for promoting consistent communications across reporting channels |
Companies today face unprecedented scrutiny of their environmental and social policies and performance. Factors contributing to this trend include global concern about climate change; growing awareness of business consumption of scarce natural resources; the changing legal, regulatory and accounting requirements; and mounting demands for transparency from regulatory bodies and the public.
Companies need to avoid even the appearance of attempting to downplay or hide their risks or liabilities. Yet despite new and more stringent guidelines, the interpretations and corresponding communication of environmental risk or liability vary considerably. As a result, companies need to proactively establish and follow practices that help make their environmental and social communications both adequate and consistent across all channels, including financial statements, voluntary performance reports, Web sites and press releases.
Access the white paper, The Transparency Trap: Leading practices for promoting consistent communications across reporting channels, authored by Kathryn Pavlovsky, a principal at Deloitte Financial Advisory Services LLP.
As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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The Transparency Trap
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