Tuesday, August 19, 2008

Country-by-Country reporting: UNCTAD supports it

We have on several occasions stressed the enormous importance of country-by-country reporting. Attention has just been drawn to this document from the UN Conference on Trade and Development (UNCTAD) which, in the context of corporate responsibility indicators in annual reports, states that:

"Indicators should help to analyse positive corporate contributions to the economic and social development of the country in which it operates. For this reason, indicators should be reported on a nationally consolidated basis, so that they are useful to stakeholders within a specific country, and so that the indicators can be understood within the context of a specific country. . . . The use of national data, rather than globally consolidated data, should also improve the usefulness and comparability of information"

This is just what we have been arguing.

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