Stakeholders, including consumers, employees, investors and regulators, are demanding that organisations improve their sustainability performance.
An organisation is expected to report to its stakeholders on an array of sustainability information so that they can assess its sustainability performance against legislative requirements, voluntary standards and industry peers. Increasingly, it is also expected that sustainability disclosures will be subject to independent assurance.
Leading organisations focus their sustainability strategy and reporting on material issues that could affect the organisation’s ability to create value over the short, medium and long term. This is particularly relevant given the shift underway toward integrated reporting.
Failing to focus on the material aspects of sustainability performance can lead to wasted effort and loss of credibility with stakeholders, especially if the reported information is regarded as irrelevant, unreliable or limited.
Improving the quality of sustainability information and efficiency of analytical processes through a robust sustainability reporting framework enables organisations to make informed decisions about sustainability strategy, better manage risk and capitalise on potential new business opportunities – creating value from the reporting process.