The Royal Dutch/Shell Group of Companies last week launched into environmental and social reporting with ‘The Shell Report 1998,’ a companion to its annual report published this month.
After coming under scrutiny for social and environmental gaffes such as the Brent Spar (above) and Ken Saro Wira episodes, Shell committed to measuring itself against a ‘triple bottom line’ of financial, social and environmental factors.
‘The Shell Report’, produced with help from KPMG’s Dutch integrity consulting division and specialist consultancy, Sustainability, sets out the company’s ‘Statement of General Principles,’ supporting sustainable development and social responsibility.
Joint auditors KPMG (Netherlands) and Price Waterhouse (UK) signed a statement verifying Shell’s subsidiaries had formally adopted the statement.
As ‘The Shell Report’ emerged, ACCA published ‘Environment Under the Spotlight’, which concluded that without meaningful guidelines there would be no reliable method for companies to assess their performance, or for auditors to verify environmental information.
Tom Delfgaauw, head of Shell’s social accountability team, said its report was a ‘hybrid’ that could become the main corporate report. But he admitted the new approach is still in its infancy.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice