Under the Global Reporting Initiative's new standard, thousands of companies will be voluntarily reporting tax information on a country-by-country basis.
A host of stakeholders are looking for external verification of companies' claims about the success of their corporate social responsibility programs.
"Investors see the value, policymakers see the benefits, and businesses see the inevitability of greater transparency," says the group's executive director.
The problem of waning trust in corporate leadership is bigger than a public relations issue. It can be linked directly to profit and worker productivity.
If news events in 2017 swayed directors to more highly value sustainability disclosures, the effect has apparently worn off in 2018, a study suggests.
Integrated reporting that includes measures of sustainability and social performance point to a better corporate future.
