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August 31, 2008Survey Finds That Most Companies Do Not Report on Sustainability |
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From Ascribe Newsfeed: Very few companies have sustainability policies and most do not report on sustainability or corporate social responsibility, according to a survey of chief financial officers and senior-level executive CPAs by the American Institute of Certified Public Accountants (AICPA) and the University of North Carolina's Kenan-Flagler Business School. CFOs and CPA financial executives serving in business and industry were surveyed for the third quarter 2008 Business and Industry Economic Outlook Survey. In a partnership with UNC Kenan-Flagler, the AICPA survey asked questions about executive CPAs' views of sustainability for the first time. "Sustainability is an important business issue," said Lisa Jones Christensen, an assistant professor who specializes in sustainable business at UNC Kenan-Flagler. - Approximately 32 percent rated their companies highly (4 or 5 on a 5 point scale) when asked to what extent helping the cause of sustainability is an expected part of their jobs, while almost 16 percent said that helping sustainability is not at all an expected part of the job. - However, approximately 66 percent do not engage in sustainability reporting and 52 percent do not engage in corporate social responsibility reporting. The larger study, released on Aug. 14, found that CFO and CPA executives are pessimistic about the U.S. economy. Media representatives are invited to visit the AICPA Online Media Center at http:www.aicpa.org/mediacenter.
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