Are you looking to increase transparency around the impact of your business on issues such as climate change, human rights and corruption? Many businesses already look at the environmental impact of what they do. We would love to work with you to take that up a level.
Sustainability reporting will help you enable your organisation to make better decisions that create social, environmental and economic benefits for all your stakeholders, 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 is an organisation's practice of reporting publicly on its economic, environmental, and social impacts. The GRI Standards represent global best practice in sustainability reporting. They are designed to be used as a set by any organisation that wants to report about its impacts, and how it contributes towards sustainable development. A sustainability report also presents the organisation's values and governance model, and demonstrates the link between its strategy and its commitment to a sustainable global economy.
Building and maintaining trust in businesses and governments is fundamental to achieving a sustainable economy and world. Every day, decisions are made by businesses and governments which have direct impacts on their stakeholders, such as financial institutions, labour organizations, civil society, and citizens, and the level of trust they have with them. These decisions are rarely based on financial information alone. They are based on an assessment of risk and opportunity using information on a wide variety of immediate and future issues.
The value of the sustainability reporting process is that it ensures organisations consider their impacts on these sustainability issues, and enables them to be transparent about the risks and opportunities they face. Stakeholders also play a crucial role in identifying these risks and opportunities for organisations, particularly those that are non-financial. This increased transparency leads to better decision making, which helps build and maintain trust in businesses and governments.
The Global Reporting Initiative (GRI) reporting framework is the most used worldwide due to its credibility, flexibility and adaptability. GRI pioneered sustainability reporting two decades ago, and the GRI Standards are still considered global best practice today. The GRI Standards are also a trusted reference for policy makers and regulators worldwide - they encourage and enable credible non-financial reporting by the companies under their jurisdictions.
When you disclose non-financial information using the GRI Standards, your business will benefit in many ways. The reporting process allows you to gain a comprehensive understanding of the risks and opportunities facing your business. Sharing information about policies and performance on environmental, social and governance issues helps you build trust with your customers and partners, monitor and mitigate risk, and find ways to improve efficiency, resulting in a positive impact on your financial results. By reporting with the GRI Standards, you will also fulfil the compliance requirements of regulations from governments, financial markets and international organizations. The GRI framework is referenced in over a hundred policy instruments and dozens of stock exchanges or market regulators across the world.