Sustainability Reporting
Sustainability reporting is the disclosure and communication of environmental, social, and governance (ESG) goals—as well as a company’s progress towards them. The benefits of sustainability reporting include improved corporate reputation, building consumer confidence, increased innovation, and even improvement of risk management. Sustainability reporting requirements in the United States are still in the process of being developed, meaning reports aren't required... yet. But the EU's Corporate Sustainability Reporting Directive (CSRD) is already here and will affect many companies based outside of Europe, as well. How should companies prepare?
There are many ways to build sustainability reporting into your corporate social responsibility programs, whether by making use of established sustainability reporting frameworks such as GRI or CDP, including sustainability performance as part of your overall performance disclosures, by using guidelines such as those created by the Value Reporting Foundation (VRF), or making use of ranking tools such as the Dow Jones Sustainability Index (DJSI).