Document and publicly share the organisation's sustainability performance and progress.
To what extent do you report on your sustainability performance?
Developed in 1997, the GRI Sustainability Reporting Standards (GRI Standards) became the first and most widely used global standards for sustainability reporting. Today, over 11,213 companies use GRI Guidelines for sustainability reports, and they continue to serve as a credible global industry standard. This link introduces the global best practices for reporting publicly on universal standards. It also dives into a range of more specific topics related to social, environmental, and economic impacts.
Momentum is growing for organizations to formally and transparently articulate the risks that climate change poses to the value of their assets and their future profitability. The Task Force on Climate-related Financial Disclosures (TCFD) has emerged as a response to this call for action, empowering companies to more effectively measure and evaluate their own risks and those of their suppliers and competitors. The TCFD promotes “consistent, comparable, reliable, clear, and efficient” voluntary climate-related financial disclosures, and has developed comprehensive recommendations and resources in support of this. These resources focus on governance, strategy, risk, metrics, targets, and the use of scenario analysis for evaluating climate-related financial risks and opportunities.
The work of the TCFD has culminated in a comprehensive Final Recommendations report and several supplemental reports, including a Technical supplement, which provides in-depth information and tools for using scenario analyses to understand the strategic implications of climate-related risks and opportunities to your organization.
The Global Reporting Initiative (GRI) and the United Nations Global Compact (UNGC) have released a comprehensive action platform with three primary deliverables to accelerate corporate reporting on the Global Goals.
The first publication is the report An Analysis of the Goals and Targets, which aims to help companies understand how they are impacting the SDGs and their targets, and provides a list of indicators to make reporting on the SDGs simple and straightforward.
The second publication, Integrating the SDGs into Corporate Reporting: A Practical Guide, aims to support companies in prioritising, measuring, and reporting on their impact on the SDGs, as well as setting related business objectives. This guide outlines a three-step process to embed the SDGs in existing business and reporting processes and builds upon a suite of existing and established resources, including the UNGC’s Ten Principles, the UN Guiding Principles on Business and Human Rights, and the GRI Sustainability Reporting Standards.
Finally, the third publication, In Focus: Addressing Investor Needs in Business Reporting on the SDGs, informs investor-relevant aspects of corporate SDG reporting.
Produced by Chartered Professional Accountants Canada, this is an introductory roadmap for companies new to sustainability reporting. The guide covers current practices, offers insight into relevant reporting frameworks, and uses examples to outline the steps involved in developing a reporting process.
This global, cross-sector report by the United Nations Environment Programme (UNEP) assesses the environmental dimension of sustainability reporting and provides recommendations to make environmental reporting relevant to all stakeholders. It analyses the most common and crucial environmental disclosure items and provides practical recommendations for companies and other reporting organisations on how these items should be measured and reported, supported with best-practice examples. It also identifies aspects of reporting where companies need to improve in order to align with the UN's 2030 development agenda, such as applying an understanding of ecological and social thresholds.
Reporting is a core part of what sustainability teams do, but it’s hard to do well. Practitioners at leading Canadian organisations asked NBS “how can we find innovative ways of communicating the right information at the right time to the right stakeholders?” In response, a team of researchers led by Dr. Jodi York have identified a path to more effective sustainability reporting. This guide, with direction from academic and industry experts, draws on the review of published best practices and insights from seven Canadian companies to deliver a framework on reporting that informs strategy.
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