For the past few years, the challenge that climate change represents at a global scale is seldom omitted from the starting paragraph of any sustainability-related article. Arguably already falling into this same stereotype, this blog aims to turn the table around and focus instead on the encouraging trends that have been identified in this year’s Sustainability Reporting Performance study, evidencing the ever-striking capacity that humans – and as a by-product businesses – have to not only adapt, but to seek the maximum benefit out of any given challenge.
Although our study focuses on the ways companies report about sustainability, the conceptual fluidity of the latter means it is also a great opportunity to gain valuable insights on the ever-changing notion of best practices.
Every year, in the very initial steps of the study, the metrics used to evaluate companies’ reporting performance are reviewed to ensure they are up to date with the variety of existing tools that improve companies’ environmental strategies and consequent reporting to the different stakeholders.
Having undertaken this annual exercise for the last eight years allows us to reflect on the way the rapidly increasing exposure of companies to climate change has transformed their engagement with these tools, and in more general terms with their role in the global climate debate.
Whereas the number of sustainability tools has grown significantly in the last few years, both in number and level of ambition required, our study demonstrates that they have been matched with an equally ambitious response on the companies’ side. For this reason, this blog wants to congratulate and show its appreciation to the genuine engagement of all those involved in the promotion and implementation of sustainable practices across the private sector. Their continuous efforts have put sustainability at the forefront of the companies’ strategies, integrating it in a way that not only makes sense environmentally, but also strategically.
If you would like to know more about the different trends identified both globally and at a country level in this year’s SRP study, please click here.
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