11/25/2002

Europe Leads in "Triple Bottom Line" Reporting

In Western Europe, two-thirds (68 percent) of large companies report on their
"triple bottom line" (economic, social and environmental) performance in
addition to the required financial reports in order to influence stakeholders
and the global capital markets. In the U.S., 41 percent provide such
information. These are the results of the latest Management Barometer survey by
PricewaterhouseCoopers.

"The Triple Bottom Line got an earlier start in Europe, and is further evolved
there than in the U.S.," said Sunny Misser, Global and U.S Leader of
PricewaterhouseCoopers' Sustainability practice. "With the current breakdown of
confidence in financial reporting, large companies are facing increasing
demands and expectations from stakeholders and are being held more accountable
for their performance and actions. The Triple Bottom Line approach is a
proactive step in providing shareholders with increased transparency and a
broader framework for decision making."

Further information provides PricewaterhouseCoopers
Barometer Surveys.


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