Modern reporting is addressed to all stakeholders

A business that makes nothing but money is a poor business.
(Henry Ford)

35% of all investment decisions are based on nonfinancial attributes
(Ernst & Young survey, cited by Kaevan Gazdar in "Reporting Nonfinancials")

In 2012, more than 6,000 corporate social responsibility (CSR) reports were voluntary published worldwide…
(Mike Krzus, cited in i2live webinar by Industry Intelligence: "Integrated Reporting: The Next Frontier of Sustainability Transparency")

"Companies ignore CSR matters at their peril. Ethical investors are no longer such a small part of the investment community.
(Karen Huebscher, then head of investor relations at Swiss pharmaceutical group Novartis)

Over the long term, companies that conduct business sustainably and act responsibly will be more successful than the competition
(Dr. Jürgen Hambrecht, Chairman of the Board of BASF in his Letter to Shareholders -Annual Report 2010)

No one reads our CSR reports, what are we going to do now?
(Helle Sofie Kaspersen, Vice-President, Corporate Governance and Sustainability, Lego, Denmark)

In times of crisis it is important to communicate with all stakeholders directly, truthfully and continuously, no matter how bad the news.
(Andrew W. Lo, Professor at MIT Sloan School of Management, in Financial Times Insight column, March 2, 2010)

"A growing body of evidence demonstrates that financial and societal value are interlinked. For example, a recent study found that businesses with employee engagement scores in the top quartile averaged 18% higher productivity and 12% higher profitability than those with scores in the bottom quartile. Another study showed that organizations that engaged with their suppliers about sustainability -through dialogue, collaboration and sharing of tools, policies and processes- saw on average a 46% reduction in operating costs.
Based on such research and our own experience, we know that dedication to sustainability is essential to improving our results over the short- and long-term.
(Bombardier Activity Report 2013)

Internal links


Links to institutions or sites addressing stakeholder issues (responsibility, sustainability, governance...)

Best annual reports

Annual Report on Annual Reports 2018

Report pick

December 2017: Phoenix Mecano
Phoenix Mecano
Stein am Rhein, Switzerland « View our previous picks

Financial sector annual reports

Evaluation - Competition

Annual reports from the financial sector are no longer selected for the Annual Report on Annual Reports competition for consistency, comparability and credibility reasons. That does not imply that there are not (sometimes very) good and improved reports in the sector. On a customized basis, keeps on evaluating and benchmarking financial sector reports.

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Mike 4 faces's co-founder and ReportWatch kingpin Mike Guillaume wears a few hats, including financial reporting specialist and international economist, and has therefore good vantage points for monitoring companies, reports and management; as well as for watching economies and economics work (or not). Learn more about Mike's experience and expertise here. Read about Mike's work and views, including his recent book "The Seven Deadly Sins of Capitalism", on