A sustainability report is a report published by an organization on its material non-financial performance information, incorporating Environmental, Social, and Governance (ESG) concerns. A sustainability report is the critical first step in implementing a strategy that can help an organization to set goals, measure performance, manage sustainability-related impacts and risks, and understand how it drives value for its stakeholders.
Why is sustainability reporting important?
Multiple market developments and heightened regulatory and legal scrutiny indicate that the transparency and accuracy of sustainability reporting are increasingly important. In addition to NGOs and consumers, regulators and investors increasingly demand the communication of a thorough sustainability assessment and management of related risks and opportunities. An increasing amount of financial instruments and business partners demand a clear assessment and articulation of the company’s sustainability performance.