Human Rights index score in annual reports per financial year. Notes: Graph shows the number of times a word from the ‘human rights’ dictionary developed by Pencle and Mălăescu (2016) is mentioned in the report for that financial year, per 10,000 words. 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.