“Gooooaal!” The annual Global Reporting Initiative conference is not the usual setting for the cries of football fans. Yet the august gathering in Amsterdam in May witnessed a truly world-class performance by Brazil. The country claimed each and every award for non-financial reporting issued by the global standards body.

True, it may be a far cry from winning the Fifa trophy, but the clean-sweep shows just how much progress South America’s largest economy has made in corporate sustainability in recent years.

Reporting marks the tip of a growing iceberg. A good sustainability report reflects systemic management as well as a proactive approach to stakeholder engagement and issue identification. It proves that a company makes a priority of performance measurement and target setting. Brazil’s leading companies tick all those boxes.

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