Malaysia is among four countries in the developing world with a high Corporate Responsibility (CR) reporting rate, according to KPMG Managing Partner in Malaysia, Datuk Johan Idris.
The others are India, Indonesia and South Africa, he said in a statement issue by KPMG here today.
KPMG, a global network of professional services firms providing audit, tax and advisory services, conducted a survey of CR reporting, that includes a view of global trends, based on an analysis of 4,500 companies across 45 countries in 2015.
“The research showed that more than half (56 per cent) of the 4,500 companies had standard business practices to include CR information in the annual financial reports,” it said.
The 2015 survey also highlighted that more companies now report on CR in the Asia Pacific than in any other region and the number has risen over the last four years.
“From a position of lagging behind other regions with a 2011 reporting rate of below 50 per cent, the Asia Pacific has become the leading region for CR reporting,” KPMG said.
The current rate of CR reporting among the Global Fortune 250 companies is over 90 per cent.