Sustainability Reporting and Reviews

Sustainability Reporting

Sustainability reporting focuses on a company’s non-financial performance and looks at governance sustainability and social, environmental and economic impacts a business has on its greater sphere of influence. It supports a company’s financial statement and is issued annually at the same time as a company’s financial statement. 92% of the world’s largest 250 corporations report on their sustainability.

The main purpose of a report is to focus on an organisation’s values and governance, integrate sustainability into an organisation’s values and become the link between strategy and commitment and to identify and focus on the significant impacts.

The main advantages of producing a sustainability report include:

To improve a company’s performance by encouraging efficient management, saving time and money;

  • To provide a competitive advantage for a company’s products in the international market and raises a company’s profile;
  • To provide a transparent analysis of a company for its shareholders and potential investors, raising the level of trust and assurance;
  • To help manage risk;
  • To ensure legal compliance and
  • To progress a company’s vision.

The following standards are used when producing a sustainability report:

GRI: Global Reporting Initiative: an international independent organisation based in the Netherlands.  It provides the most widely used standards globally on sustainability reporting and is used by over 90 countries worldwide. It is a framework for designing and producing a sustainability report;

  • The ISO range of standards;
  • International industry specific standards and accreditations, e.g. UNEP,  OECD, ILO, The UN Global Compact, Forestry Stewardship, STPA6   
  • Local standards and legislation

Sustainability Review

A sustainability review process is the review of an organization’s strategies, leadership and resources in relation to social, economic, environmental sustainability. Sustainability strategies and definitions are outlined, stakeholders defined, and engagement methods are engaged. We can assist in the development of Sustainability Plans, targeted assessments, reviews, implementation strategies, and reporting.