Sustainability reporting frameworks and standards
For the Sustainability and ESG reporting there are various approaches that companies can consider. These include:
- Established sustainability reporting frameworks – Companies can utilize widely recognized sustainability reporting frameworks such as the Global Reporting Initiative (GRI) or the Carbon Disclosure Project (CDP). These frameworks provide structured guidelines to assess and disclose environmental, social, and governance (ESG) information.
- Integrating sustainability into overall performance disclosures – Another option is to incorporate sustainability into the company’s overall performance disclosures. This involves aligning sustainability metrics and goals with financial reporting and other key performance indicators to provide a comprehensive view of the company’s performance.
- International Integrated Reporting Committee (IIRC) Guidelines – The IIRC has developed guidelines for integrated reporting, emphasizing the importance of linking financial and non-financial information. Organizations can adopt these guidelines to present a more integrated and balanced view of their performance, including sustainability aspects.
- The Dow Jones Sustainability Index (DJSI) – The DJSI is a prominent benchmark that assesses the sustainability performance of companies across various industries. By meeting the criteria set by the DJSI, companies can enhance their credibility and reputation in terms of sustainability.