But they need to take steps to meet government targets. The report, an update on a study in 2005, shows that companies are more open about performance but sees scope for major improvement in the measures adopted to promote sustainability. It says 70 per cent of the companies produce a dedicated sustainability report or use websites to disclose their approach. Most reports cover social, economic and environmental performance, offering stakeholders a higher level of transparency. While 60 per cent of firms have identified the key risks faced by their business, only 35 per cent have started to assess their commercial implications. This means that few companies are in a position to analyse how sustainability adds value to business.
The report is available at www.housingcorp.gov.uk/upload/pdf/building_sus_future.pdf.