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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.

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 International Integrated Reporting Committee (IIRC), or making use of ranking tools such as the Dow Jones Sustainability Index (DJSI).

What is Sustainability Reporting?

Measuring, disclosing and being accountable to internal and externalstakeholders for your organisation’s environmental, social and economic impacts and performance towards the goals of sustainable development.  (GRI Guidelines 2006)

Why do organizations need it?

The organizations need sustainability report to benchmark and evaluate sustainability performance, to demonstrate how the organization influences and is influenced by expectations about sustainable development and to compare the performance within an organization and between different organizations over time.

Benefits of sustainability reporting

For reporting organizations, the Guidelines provide a tool for: management, increased comparability and reduced costs of sustainability, brand and reputation enhancement, differentiation in the market place, protection from brand erosion resulting from the actions of suppliers or competitors, networking and communications.

Implementation tools for Sustainability Reporting

If report, then the report is developed on the basis of the GRI guidelines and verified on the terms of AccountAbility Principles. There are various implementation tools to report sustainability like ISO 14001, OHSAS 18001 and others. The whole process of reporting and implementing sustainability which is nothing but economic, environmental and social endurance, maintenance and continuity is important for a sustainable future.

Process of Sustainability Reporting

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