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How sustainability reporting is evolving?
Performance is only meaningful when it can be measured, and inaccurate reporting is pointless
Prior to starting your company's sustainability reporting journey, it's critical to keep this in mind
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It would be wise to define sustainability reporting before moving further The dissemination of an organization's environmental, social, and governance (ESG) goals through sustainability reporting
In recent decades, reporting on sustainability has advanced significantly When businesses began to understand that they had responsibilities to society beyond maximising profits, the trend began in the 1960s Early sustainability reports emphasising on environmentalism gave the movement more traction
Social and governance elements were introduced in the 1980s to complete the ESG trinity In response to increased accountability expectations in the 1990s, some organisations developed strict standards for gauging sustainable performance The Global Reporting Initiative created the most well-known of these reporting guidelines (GRI) Some organisations with widely used reporting formats for sustainability include:
● CDP- Carbon disclosure project
● The Sustainability Consortium
● IIRC- International Integrated Reporting Committee
● SASB – SustainabilityAccounting Standards Board etc