Going green and reporting it

[Re: New sustainability reporting standards are a game changer for businesses, July 20]

The International Sustainability Standards Board’s (ISSB) inaugural standards are much needed, refreshing take on sustainability reporting, and should have a unifying global effect. Up until now, having a host of different ESG reporting measurements has been a challenge that has cost businesses time and money. A company looking to report its carbon emissions and ESG impact to stakeholders was met by a word-soup full of acronyms. Businesses operating in different jurisdictions had to create different reports, based on local requirements. The new standards will simplify this process significantly. This new reporting standard will also help organisations to cooperate and help each other measure their impact, and improve one another’s Scope 3 emissions, which are notoriously the hardest to measure.

As a company, we share our Scope 2 emissions, which measure indirect energy emissions, with our customers to calculate their Scope 3 emissions –and they do the same in return.

The new standards will ease this interaction by unifying standards regardless of where a company is based – help much-needed in ESG reporting.

Julie Kae Qlik