Today Emerging Markets ESG publishes its inaugural Survey of Reporting on Corporate Social Responsibility (CSR) by the Constituent Companies of the SRI Index of the Egyptian Exchange (EGX SRI Index).
The survey analyzes environmental, social and governance (ESG) disclosures in the English-language 2015 or 2014 annual reports and on the websites of the 29 constituent companies of the EGX SRI index as of the record date of August 1, 2016. If a company published its 2015 or 2014 annual report after August 1, 2016 it was not analyzed.
On August 1, 2016 all 29 constituent companies (100%) have an English-language website. 19 companies (65%) have a 2014 or 2015 English-language annual report online on the same record date.
Two companies (7%) have a recent stand-alone English-language environmental, social and governance (ESG) report available online on August 1, 2016. Two companies have reports dated prior to 2013, but these were considered out of date and therefore not analyzed.
25 of the 29 constituent companies (86%) disclose information about sponsorships on the corporate website, whereas only eight companies (27%) disclose this information in the annual report. No other ESG data point was disclosed this widely. 19 of 29 companies (65%) disclose audit related information on the corporate website, compared with nine companies (31%) in the annual report. 12 of the 29 companies (41%) disclose environmental considerations in supply chain management on the corporate website, compared with five companies (17%) in the annual report. Of the three categories – E, S and G – no one category contains significantly more disclosures, with the exception of sponsorships. In general, a disparity between online and annual report disclosure was observed. For example, 11 companies (38%) disclose a corporate code of conduct/ethics on the website, whereas only one company (3%) discloses this in its annual report.