The FTSE 100 comprises the biggest companies on the London stock exchange and inevitably they are a driving force of our economy. Yet research published today provides one example where many of these companies are falling short. The Companies Act of 2006 states a legal obligation for large publicly listed companies to report on social and environmental issues. But research by the Corporate Responsibility Coalition (CORE) claims the law is not working. Focusing on the 105 companies appearing in the FTSE 100 from Jan to Sep 2009, the research identifies 17 per cent making no reference to environmental issues, 14 per cent failing to include any social issues other than labour and 8 per cent failing to include any social issues at all. Fiona Gooch of Traidcraft, a social enterprise that forms part of CORE, calls on a new government to address the issue and for these large companies to take a leaf out of the book of many social enterprises such as Traidcraft who not only produce the reports but take valuable information from them.
Read the full article here at socialenterpriselive.com
