Reporting Archive

Reporting

Report highlights evolving ESG disclosure in proxy statements

Oct 08, 2019
Ben Maiden
Report highlights evolving ESG disclosure in proxy statements
US companies are continuing to ramp up ESG-related disclosures and visual presentations of board processes in their proxy statements, according to an analysis of this year’s crop. Companies have been expanding their reporting on ESG matters amid growing investor interest in those topics. Donnelley Financial Solutions’ (DFIN) report on 2019 proxy statements highlights how far that reporting has come in one of the most important tools issuers have to communicate w...
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Reporting

Finances and football combine in first digital report from Borussia Dortmund

Sep 30, 2019
Tim Human
Finances and football combine in first digital report from Borussia Dortmund
In 2000, Borussia Dortmund, the German football team, became the first club to list on the Frankfurt Stock Exchange. Last week the club undertook another new step with the launch of its first digital annual report.  ‘In order to exploit the potential of digital financial communication and to react to the increasing digitization of reporting, we decided to take the next step in reporting,’ says Thomas...
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Reporting

Kraft Heinz shareholders reject meat-alternatives proposal

Sep 20, 2019
Ben Maiden
Kraft Heinz shareholders reject meat-alternatives proposal
Shareholders in The Kraft Heinz Company have overwhelmingly rejected a proposal that would have pressed the food firm’s board to disclose its plans regarding meat-based protein alternatives as such products grow in popularity. The vote took place against a background where companies selling meatless proteins have been attracting a great deal of attention. Beyond Meat launched a high-profile IPO in May and Impossible Foods announced this week that its Impossible Bu...
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Reporting

GRI opens in Singapore to boost ESG in regional capital markets

Sep 04, 2019
Andrew Holt
GRI opens in Singapore to boost ESG in regional capital markets
The Global Reporting Initiative (GRI) – the international body that helps companies organize and communicate their ESG data to wider stakeholders – has opened a regional hub in Singapore as part of its Association of Southeast Asian Nations (ASEAN) work. This reflects a greater move to ESG reporting in the region, as Singapore Exchange (SGX) already requires listed companies to provide sustainability reporting. GRI says that more than 90 percent of the world’s...
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Reporting

Investors get record payouts globally, reveals report

Aug 20, 2019
Andrew Holt
Investors get record payouts globally, reveals report
Shareholders in listed companies on global stock markets have reaped the rewards of more than $500 bn in dividends during the second quarter of the year – a record for investor payouts, reveals analysis by asset manager Janus Henderson.  Yet despite dividends hitting an all-time quarterly high of $513.8 bn, the year-on-year growth actually slowed ...
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Reporting

Hong Kong companies feel heat of trade war

Aug 19, 2019
Andrew Holt
Hong Kong companies feel heat of trade war
The ongoing trade war between the US and China is having a negative impact on listed companies in Hong Kong. An increasing number of Hong Kong-listed firms have cited the negative effects of tariffs on their business when issuing profit warnings in the last month, according to regulatory filings. The ongoing and escalating nature of trade tensions between the two major economies has evidently hurt sentiment and appears to have caused companies to restrain fut...
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Reporting

Saudi Aramco goes PR over IR for first earnings call

Aug 16, 2019
Oliver Schutzmann
Saudi Aramco goes PR over IR for first earnings call
It’s been a big week for Saudi Aramco. The company delivered its first ever half-year financial report. It hosted its first ever earnings call. And it signed the biggest-ever inward investment deal with India.  The surface facts are very positive. Earnings of $46.9 bn in the first half of 2019 cemented its place as the world’s most profitable company, a higher figure than Exxon Mobil, Shell, Chevron, BP and Total – its five largest competitors in the private ...
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Reporting

SEC disclosure proposal sharpens human capital focus

Aug 15, 2019
Ben Maiden
SEC disclosure proposal sharpens human capital focus
The inclusion of human capital matters in regulatory plans to revamp corporate disclosures is likely to attract attention and require companies to examine how they approach that work, according to Laura Richman, counsel with Mayer Brown. The SEC last week proposed rule amendments that would update the description of business, legal proceedings and risk-factor disclosures that registrants must make un...
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Reporting

Asian companies get serious about ESG

Jul 29, 2019
Andrew Holt
Asian companies get serious about ESG
What was once considered optional for companies to report is now shifting to a more mandatory basis, and nowhere is this seen more than in Asia, according to Goldman Sachs’ head of Asia ESG research, Sharmini Chetwode. ‘Integrated ESG reporting – the new normal in Europe – is gradually becoming part of financial reporting in Asia,’ she reveals. ‘Excluding China A shares, Asia’s environmental and social (E&S) performance is on par with that of the U...
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Reporting

Grant Thornton queries auditor attestation on ICFR proposal

Jul 26, 2019
Ben Maiden
Grant Thornton queries auditor attestation on ICFR proposal
Grant Thornton has raised concerns about a plan to exempt smaller companies from a key component of the Sarbanes-Oxley Act reforms, although the change is being welcomed by companies that would avoid the compliance burden. The SEC has proposed amending its accelerated filer and large accelerated filer definitions in an effort to lower compliance costs for certain lower-revenue companies. Specifically, the planned changes would mean companies with less than $100 mn i...
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