Proportion of firms per financial year that mention ‘human rights’ in their reports. Notes: Graph shows the proportion of reports in our sample that mentioned the term ‘human rights’ [or Dutch equivalent ‘mensenrechten’] at least once in that financial year. Panel 1 only includes the main reports (Annual Report or Integrated Report) of each firm (maximum 1 per year); Panel (2) also includes sustainability reports for the years in which the firm did not publish an integrated report.