A coalition of charities led by Friends of the Earth is urging the Government to insist that companies undertake green reporting.
Two years ago, the prime minister Tony Blair appealed to companies to comply with the global reporting initiative - which establishes a standard for environmental and social reporting - by 2001.
But according to Friends of the Earth, more than three-quarters of Britain's top FTSE firms are ignoring his challenge.
Government figures show only 23 per cent of the top 350 companies produced solid reports on environmental performance by this deadline, and only 24 per cent said they intended to do so.
Ten per cent of the remaining top 350 companies mentioned the environment in their annual reports, but only superficially, said Friends of the Earth.
The coalition has sponsored a Corporate Reform Bill in Parliament to make corporations more accountable.