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Sustainability Reporting Rises Among Russell 1000, S&P 500 Companies

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A survey has found a surge in sustainability reporting by large-cap S&P 500 firms and mid-cap Russell 1000 companies.

The survey carried out for corporate sustainability researcher Governance & Accountability Institute (G&A) found that 98 per cent of firms on the S&P 500 – which represent the largest companies on the Russell 1000 – published a sustainability report in 2022 from 96 per cent the year before.

The 2023 Sustainability Reporting in Focus research also found that 90 per cent of mid-caps, which occupy the lower-half of the Russell 1000, had issued such reports, compared with 81 per cent the year before.

Among other findings, alignment with the reporting recommendations of the Taskforce for Climate-related Financial Disclosures (TCFD) climbed to half of all companies on the Russell 1000 and SASB remained the most-widely used sustainability standard among Russell 1000 companies.

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