More than half of companies in the S&P 500 now use a common standard from the Value Reporting Foundation to report on topics like carbon emissions and energy management, indicating executives are paying more attention to an area likely to face new regulations soon, a foundation official said.
“The market has already got a lot of momentum in the direction the SEC [U.S. Securities and Exchange Commission] is pushing for,” Neil Stewart, director of corporate outreach for the global nonprofit organization, said in an interview.
