Sustainability Reporting Frameworks

Sustainability reporting is the process of businessess and organisations disclosing information to key stakeholders with about the company’s sustainability practices.

Sustainability reporting can also be known asas a company’s environmental, social, and governance (ESG) performance or corporate social responsibility (CSR) which cover many areas, encompassing environmental impact, social responsibility, and ethical governance. and is essential for accountability, reputation building, and attracting responsible investors. It involves the systematic collection, measurement, and reporting of data related to a company’s sustainability initiatives and practices.

There are many recognized frameworks, like GRI, DJSI, SASB, SDGs to name a few. No organisation can or needs to report against every set of standards. A choice will need to be made about what is most appropriate. This is a choice we can help with.

Sustainability reporting is crucial for businesses for several reasons. It enhances reputation and trust by demonstrating responsible practices. It attracts ESG-focused investors and helps manage risks, ensures regulatory compliance, and fosters innovation and efficiency through ESG performance tracking.

Ultimately, it aligns companies with global sustainability goals and societal expectations, leading to better attitudes towards materials and energy use and drives innovation as new solutions and practices that are saught after, leading to cost savings and revenue generation, driving long-term success.

The choice of “key sustainability reporting frameworks for your business” will be dependant on your business. Some of the most recognised and important sustainability reporting frameworks include the Carbon Disclosure Project (CDP), the Dow Jones Sustainability Index (DJSI), the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), the UN Sustainable Development Goals (SDGs). EcoAct can help you choose which sustainability standards fit with your organisation and with how to achieve the best score.

As we’ve mentioned, there are many sustainability reporting frameworks for businesses and not all will apply. The best way to answer this question is to speak to an expert like one of our EcoActor’s who can guide you on which corporate sustainability reports your company should be aligning to and how.