Sharp Variance in Sustainability Disclosures

There are significant variations between companies’ sustainability data disclosures depending on region, according to a new report by Clarity AI. The sustainability technology platform sampled 40,000 public companies and found that only 30% report at least one quantitative sustainability metric. North American companies disclose the most, with 44% reporting, followed closely by Europe at 40%. North America and Europe also lead on percent of women employed with an average ratio of 40%, followed by 30% in the Middle East and North Africa (MENA). The gap is larger for leadership positions, with the report highlighting there are three women on a board of directors in Europe for every one in MENA. The report also says that just 11% of public companies in the MENA disclose any quantitative sustainability data. Patricia Pina, Clarity AI’s Head of Product Research and Innovation, said: “Public companies worldwide have a long way to go in reporting even the simplest sustainability metrics. While companies take time to figure out how and what to report, advanced technology and expertise in sustainability can help fill the gaps with machine learning estimation and reliability models”. 

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