Gen Y demands non-financial reporting

Across the world, young investors and staff are demanding that companies do more than simply evaluate and report their revenues, says the Association of Chartered Certified Accountants.

“Non-financial reporting is becoming increasingly important,” says Stephen Shields, ACCA’s director of global employer relationships.

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“Gen Y is one of many stakeholder groups that expect more transparency from companies’ corporate performance, including how they measure up in areas such as the environment, sustainability, social performance, and human rights.”

Shields adds, “[Young people] wants to know companies are operating fairly and ethically, both internally and externally.” This affects employee satisfaction and impacts shareholders.

Read: Good business practice requires non-financial considerations (2008)

The demand for greater disclosure has led to a rapidly growing interest in so-called integrated reporting, meaning the days of the traditional annual report are quickly coming to an end.

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