WHAT MATTERS AND WHERE IT MATTERS IN YOUR BUSINESS.
This section is built for all business owners who want to comply with sustainability reporting guidelines and respond to the growing demand for transparency and trust*
*according to ISO 26000 Corporate Responsibility, GRI Sustainability Reporting Guidelines and the new Corporate Social Responsibility Directive (CSRD)
REPORTING: WHAT YOU NEED TO KNOW
The term sustainability reporting or “non-financial reporting” refers to the reporting tools which organizations disclose to provide information on those non-financial aspects which are not considered in the traditional financial statements.
Sustainability Reporting means communicating clearly about your business, products and future plans by using combined data and storytelling
Shareholders, customers and key decision makers are looking to find the right kind of data they need
Fulfilling their different expectations about your business impact solutions is critical
Your report needs to be tackling those expectations exactly if you want to create impact
Your company needs to report on their sustainability efforts and to demonstrate your work for advancing sustainability
Reporting signals a responsible organization, open and honest with its stakeholders
The report allows all stakeholders to get a much wider picture of your organization than from the traditional financial report.
As a leader you understand and better manage your outward impacts - impacts on people and environment
Enhances transparency on what you are doing to advance the sustainable development framework
Easy risk identification and action taking
Identify and seize new opportunities for growth and market leadership
QUICK FACTS AND NUMBERS
80% of Fortune Global 500 companies use Global Reporting Initiative (GRI) standards
67% of investors care more about advancing social and environmental causes
73% of millennials are willing to pay more for trustful ethically-sourced products
THE SECRET OF A SUCCESSFUL REPORT IS GOING BEYOND JUST COMPLIANCE
Reporting scope -> focused on your value chain
Performance indicators -> transparency on entire capital
Dominant driver -> strategic, holistic, future oriented model
Trend -> quality over quantity plus humanizing data
Reporting data -> concise and material
Report -> digital, easy to share
NEW: THE DOUBLE MATERIALITY
Double materiality recognizes that companies and financial institutions must manage and take responsibility for the actual and potential adverse impacts of their decisions on people, society and the environment.
SUSTAINABILITY REPORTING ROADMAP
STEP 1: Develop a Reporting Plan
STEP 2: Engage stakeholders
STEP 3: Select the material issues
STEP 4: Develop the narrative
STEP 5: Develop the data
STEP 6: Provide assurance
MERITS OF HAVING A GREAT SUSTAINABILITY REPORT
Demonstrating a visible and authentic commitment to sustainability is extremely important to CEOs because it is part of an urgent need to regain and build trust from key stakeholders, such as consumers, companies, governments, trust that was completely shaken in the recent past.
I am here to support you in making your best ever Sustainability Reporting that fits your needs!
@ 20 years of international experience, B Leader since 2021
@ PMA certified and trained in GRI Sustainability Reporting Standards
@Member of global EIT- Climate KIC Network of Coaches
@ Certified expert for accessing European Funds
@ Mentor and coach in local and international business incubator programs