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NEW YORK and LONDON, Dec. 22, 2020 /PRNewswire/ The events of 2020 brought risks related to public health, climate change, and diversity, equity, and inclusion to the forefront of public consciousness. A new report by The Conference Board and Datamaran finds that, while corporate disclosures related to these risks have generally increased over the last decade, a significant number of large companies have not included these issues in their financial disclosures.
Released today, the report examines how large public companies reacted to the year s events in their corporate reporting, and how senior executives can apply this knowledge in addressing external risks. As the report points out, for instance, public health risks were absent from most companies risk disclosures in financial reports until the risk materialized with the emergence of COVID-19, signaling a reactive risk management approach.