Poland: Few firms yet publish environmental or social information

A News item from Business Respect, Issue Number 68, dated 19 Dec 2003

A new survey has shown that no more than 20% of the major banks, financial institutions or listed companies in Poland publish environmental or social information, putting the country firmly in the slow league of European countries in this regard.

The survey, produced by the Gdansk Insitute for Market Economics, reviewed Polish-language information available in the 2002 annual reports and websites of 31 banks, 32 financial institutions and all 201 companies listed on the Warsaw Stock Exchange.

According to the findings, 20 percent of companies state whether or not they comply with industry, national and / or international regulations on environmental standards. 18 percent of listed companies disclose employee development / employee benefit policies, and 16 percent disclose information on community involvement programmes or sponsorships.

The position was rather better with key governance informaiton, with 74 percent providing information on management board structure.

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