The introduction of a statutory operating and financial review (OFR) will change the way your company reports. For the first time, it will require an analysis of the factors underlying financial results and those likely to affect performance in the future and for many companies, this will include social and environmental impacts, breaking these issues out of segregated sustain-ability reports and bringing them firmly into the mainstream of company reporting. Over the last few years, corporate social responsibility (CSR) has become part of the price of doing business for the majority of large companies. This has been largely consumer-driven; in a 2003 MORI survey, 71% of the British public believed that industry and commerce do not pay enough attention to the local communities in which they operated. However, there are those who remain unconvinced that CSR policies are more than a PR tactic, and have any real relationship to business performance.
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