Sustainable growth does not happen by accident. For businesses to maintain sustainable growth and reputation, they need to adapt to the ever shifting issues landscape. This agility and responsiveness has to be built into the sustainability strategy and governance model.
Business leaders need to truly understand where their sphere of influence and impact can drive business growth, to formulate strategies that are relevant, actionable, achievable and transformational.
An effective strategy that delivers sustainability, organizational capabilities need to be developed from materiality to reporting, from high level strategy visions mapped to detailed goal-setting, all underpinned by effective communications.
Our suite of products and services assist companies in building sustainability strategies that drive competitive difference and advantage:
GRI gap analysis is the first step in the strategic planning for compliance with GRI standards, globally accepted reporting framework. The fragmented nature of public disclosure often results in information being scattered across various reports (such as Website, annual reports, 10K, 10Q, Policy Statements, Sustainability report etc.).
Gap analysis identifies which required information is currently unavailable and needs to be acquired as per the accordance requirement. Currently, “in accordance with Core” GRI report requires organizations to report on 34 General Disclosures and one indicator from each aspect that the organization identifies as material to the business. “In accordance with Comprehensive” GRI report requires organizations to report on all 58 General Standard Disclosures and every indicator from each material aspect.
“Materiality” of ESG issues is said to be in the eye of the beholder when it comes to sustainability disclosure and reporting. Not all ESG issues are relevant to all organizations, and understanding the material sustainability issues for your particular organization is critical to having a successful ESG strategy.
The SDGs are being embraced around the world by the corporate sector, the investment community, the social community, governments and by other key stakeholders.
Globally, the investors and key stakeholders are increasingly evaluating corporate leadership based on their ability to understand, respond and lead on most critical issues facing the enterprise. They expect the senior management to identify, assess and demonstrate implementation of effective solutions to achieve positive outcomes, including risk mitigation.
Our communication services go beyond mere reporting and help you unlock true potential of corporate reporting through effective engagement and conversation:
- Access to a comprehensive reference and learning resource library.
- Integrated survey management and ready templates for materiality assessment, surveys and questionnaire for data collection.
- Collect and process complex datasets from all groups and facilities with the company or group of companies.
- Easy access to variety of analyzers and calculators for air, emissions, energy, water, waste and other issues.
- Project management, task boards and discussion forums.
- Document vault and repository for easy access for reporting, reference and due diligence.
- Generate comprehensive reports through guided reporting station.
- Drafting and approval control
ESG Disclosure Hub solves the most common challenges of ESG communication:
- Multiple reporting frameworks with conflicting metrics, definitions and priorities.
- Several ratings and rankings organizations requesting a wide range of information
- Multiple target audience with varying expectations on depth and breadth of disclosures
- Increasing depth of expertise of stakeholders on wide range of topics
- Different definitions of materiality among stakeholder community
- Difficulty in maintaining consistent sustainability reporting strategy year on year
Frequently Asked Questions
Corporate sustainability reporting communicates information that
is relevant for understanding a company’s long-term economic
value and contribution towards a sustainable global economy by
taking account of the company’s economic, environmental, social
and governance performance and impacts.
Sustainability reporting can include a wide range
of information about a company’s economic, social,
environmental and governance performance and
impacts. When viewed over time, they assist in placing
annual positive and/or negative information in context,
in addition to demonstrating the long term commitment
of the company to this issue.
Companies produce sustainability reports for a range of
reasons including to publicly communicate their sustainability
practices, comply with mandatory reporting requirements,
respond to stakeholder demands, increase transparency
and track progress against their commitments to sustainability.
Sustainability reporting can produce benefits for the
reporting organisation and others through a focus on
long-term strategy, governance and planning, increased
awareness of risks and opportunities and better
benchmarking and transparency.
Given the collective impact of SMEs, their reporting needs
to be up-scaled significantly. Many Governments, NGOs,
Civil Society Organisations and International Organisations
are now focusing on providing tools, resources and
incentives to encourage more SMEs to take up the practice
of sustainability reporting.
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