About 80% of companies listed on the Toronto Stock Exchange include environmental, economic or social impact information as part of their regular corporate reporting, according to a new Statos Inc. survey.
The study by the sustainability consulting firm found that companies are increasingly addressing the impact their businesses have on climate change and aboriginal engagement.
According to the study, companies are trying to understand how sustainability issues relate to reporting material changes to their business. To deal with the issue, about 45% of Canadian public companies now use some form of internationally recognized standard for sustainability reporting, including the global reporting initiative guidelines.
The Statos study also found that more than half of Canadian public companies include aboriginal relations in their business plans.