WHAT IS
SUSTAINABILITY REPORTING?
A sustainability
report is a report published by a company or organization about the economic,
environmental and social impacts caused by its everyday
activities. A sustainability report also presents the organization's
values and governance model, and demonstrates the link between its strategy and
its commitment to a sustainable global economy.
Sustainability
reporting can help organizations to measure, understand and
communicate their economic, environmental, social and governance performance,
and then set goals, and manage change more effectively. A sustainability report
is the key platform for communicating sustainability performance and
impacts – whether positive or negative.
Sustainability reporting can be considered as synonymous with other terms for non-financial reporting; triple bottom line reporting, corporate social responsibility (CSR) reporting, and more. It is also an intrinsic element of integrated reporting; a more recent development that combines the analysis of financial and non-financial performance.
Sustainability reporting can be considered as synonymous with other terms for non-financial reporting; triple bottom line reporting, corporate social responsibility (CSR) reporting, and more. It is also an intrinsic element of integrated reporting; a more recent development that combines the analysis of financial and non-financial performance.
BENEFITS OF
REPORTING
- Increased understanding of risks and opportunities
- Emphasizing the link between financial and non-financial performance
- Influencing long term management strategy and policy, and business plans
- Comparing performance internally, and between organizations and sector
- Mitigating – or reversing – negative environmental, social and governance impacts
- Improving reputation and brand loyalty
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