India has emerged as the top country for reporting corporate responsibility information in the annual financial report of companies, but the quality of disclosures has to improve, according to a KPMG survey.
Steps taken by the Securities and Exchange Board of India has helped the country score high on this parameter.
In February, Sebi asked the top 500 listed companies to adopt integrated reporting on a voluntary basis, although only five companies published such information. But 99% of the companies reported on their sustainability performance. The 10th KPMG Survey of Corporate Responsibility Reporting studied annual financial reports and corporate responsibility reports of the top 100 companies by revenue in each of 49 countries it covered.