The Giving List, organised by The Guardian, is an annual social survey of stock market-listed companies. It revealed that the top 100 companies in the UK spent 0.79% of their pre-tax profits measuring and mitigating the social and environmental impacts of their businesses down 0.87% on last year.
Sainsburys topped the list, having earmarked 7% of its pre-tax profits for social and environmental affairs. This year the supermarket has made several high-profile environmental moves. These have included introducing recycled-content carrier bags and compostable packaging for its organic and ready meal ranges. Last week, in conjunction with the Arts Council England, it launched a limited-edition range of reusable bags designed by leading artists in a bid to make them more alluring and desirable to customers.
According to The Guardian, every company in the FTSE 100 now produces a corporate responsibility report, but an investigation by the Giving List has revealed that of the worlds 10 biggest corporations only four have published strategies for reducing their carbon footprints.