What is Sustainability Reporting and Why is it Important?

Sustainability reporting provides a way for businesses to support decision making, improve efficiency and reduce costs.

00:01 06 January 2023

Sustainability reporting is an important part of today's society. It provides a way for businesses to support decision making, improve efficiency and reduce costs. But what is this, and why is it so important?

Sustainability reporting: what is this?

Sustainability reporting is a type of report that is increasingly used by businesses. It helps them create more transparent and efficient decision-making processes. The reports provide an overview of an organisation's performance and impacts and can be viewed as a tool to better understand the complex environment in which companies operate.

Many companies are now spending more time addressing sustainability issues such as greenhouse gas emissions, diversity, and employee engagement. However, traditional financial and social metrics aren't adequate to address these challenges.

Reporting is the logical next step in tackling these challenges. It enables companies to create long-term value and deliver the best possible service to investors. In a competitive business environment, innovation and resilience are critical to succeed.

The use of sustainability reporting has evolved over the last two decades. The main goal of the reporting is to improve company image and foster internal communication get more informations on this page.

Reporting frameworks

Reporting frameworks are one of the main tools used to prepare a sustainability report. They provide a set of principles and guidelines to help companies report effectively. In addition, they allow all organizations to assess their performance.

These frameworks provide companies with the foundation they need to meet a wide range of stakeholders. From investors to customers, all parties are likely to find this information useful in making economic decisions. It is therefore important that these frameworks be well-defined and provide consistent disclosure.

There are a number of different reporting standards, depending on your needs. Some focus on social issues, while others deal with financial or environmental impacts. Companies may also opt to use some elements of one framework but not all of them. However, all frameworks have a common goal of preserving and improving the environment, while providing a foundation for companies to report on their performance.

Why is sustainability reporting important?

Sustainability reporting can be a great way for companies to demonstrate their commitment to the environment. It can help boost confidence with customers and stakeholders and increase brand awareness.

For the most part, sustainability reporting involves identifying the best practices in a company's approach to reducing the negative impacts of its activities. Whether it's cutting down on emissions or reducing the cost of doing business, incorporating green practices into the company's operations can prove beneficial.

A good sustainability report will include the following key elements. First, there should be a good explanation of how the business is being run. Next, there should be a detailed description of the ESG goals. Finally, there should be a list of achievements to date.

There are a variety of tools available for assessing the effectiveness of a company's sustainability strategy. These can range from Porter's chain analysis to anecdotal evidence.

Optimize costs and savings

Sustainability reporting may not be the first thing that comes to mind when it comes to optimizing costs and savings. However, the latest offerings from cloud based software providers such as Scope 5 can help you make the most of your data. With this technology, you can streamline your processes and deliver ROI on intangibles, such as employee retention.

Using a sustainability reporting solution can help you make better business decisions and drive positive change in your organization. From improving employee engagement and motivation, to decreasing the company's carbon footprint and improving operational efficiency, implementing a sustainable strategy can reap big rewards.

Getting a good handle on the intricacies of your business can also help you cut costs and increase productivity. The best way to do this is to conduct a periodic audit of all your processes and facilities. This will help you identify potential improvements and pitfalls.

Support decision-making

Sustainability reporting provides companies with a comprehensive analysis of their business. It helps them improve their financial performance, and increases their credibility with investors. The report also enables companies to reduce their carbon footprint and other environmental risks across their supply chain.

Sustainability reporting has gained a lot of momentum recently. In fact, more than 50% of respondents to a survey on corporate reputation by the Boston College Center for Corporate Citizenship said that they would trust a company that was more transparent about its progress. This is important to a sustainable global economy.

Corporate sustainability reporting gives companies an overview of their business, including their sustainability goals and progress against them. This information can help companies plan resources, and enhance their operational efficiencies.

Ideally, a sustainability report would be produced for all stakeholders. However, businesses make decisions on a wide range of factors. Depending on the size of the company, these decisions will vary.

Which Carbon Accounting Platform is Right for Your Business?

If you are a business, then it is essential that you have a carbon accounting platform that will allow you to easily manage your carbon emissions and make the most of your environmental investments. Fortunately, there are a number of options available to you, including Emitwise, Cority, and Greenly. Read on to learn about some of these solutions and decide which one is right for your business.

ESG enterprise

An ESG enterprise carbon accounting platform helps companies measure, manage, and control their carbon footprint. Carbon accounting software can be a useful tool for a business, especially as consumer demand for better sustainability grows. These solutions can be customized to specific industries and regional guidelines.

Some of the most popular carbon accounting solutions are Greenly, Sphera, and Envizi. They all offer powerful, yet user-friendly software that can automate disclosures and help companies establish decarbonization strategies.

One of the key features of a carbon accounting solution is its reporting and analytics. Data management and reporting platforms should offer regular updates and a flexible foundation.

Persefoni is an enterprise-level carbon accounting platform that provides powerful analytic capabilities to help businesses track their emissions. This platform allows companies to evaluate and compare their performance against targets, while also allowing leadership to focus on reducing the company's overall carbon footprint.

Cority

Cority's carbon accounting software provides an integrated solution that helps you manage your company's emissions. Its reporting capabilities transform strategies to reduce carbon emissions into measurable success indicators. In addition to helping you improve your carbon footprint, it also helps you keep your organization accountable.

As a leading enterprise EHS software provider, Cority is known for its superior compliance management. Its solutions provide comprehensive information about air emissions and greenhouse gases, including GHG emissions, emissions from the power sector, ozone depletion, TRI Release Calculations, and Title V Compliance Certification.

Cority's reporting capabilities include automated reporting and notifications. They are easy to use and can be customized to suit the needs of any organization. The Analytics Cloud, a part of the platform, provides business intelligence tools that help companies harness the power of their data. With the latest predictive models and analytics, they can make better decisions and drive higher performance.

Microsoft Cloud for Sustainability

The Microsoft Cloud for Sustainability carbon accounting platform is designed to help businesses track and reduce their environmental impact. It's a comprehensive suite of tools that connects to real-time data sources. This cloud-based solution can automate reporting on consumption, consumption and disposal.

As the climate changes, more and more organizations are seeking a solution to address the challenge. There are a variety of ways to do this, including buying green energy, charging a carbon tax, and committing to green data centers. But measuring the actual carbon impact is not as easy as it sounds. That's why the cloud for sustainability is a big deal.

To measure and report the relevant metrics, a cloud for sustainability solution provides a common data model that breaks down data silos, and it delivers a number of analytics. One such tool is the Emissions Impact Dashboard.

Greenly

Greenly.earth is a carbon accounting platform that works for SMEs and mid-sized enterprises. Its mission is to help companies calculate their emissions, reduce them, and even offset them. Founded by Alexis Normand, Arnaud Delubac, and Matthieu Vegreville, Greenly aims to fill a gap in the market, dominated by consultancies and big business.

Greenly offers a software-as-a-service (SaaS) platform, which enables SMEs to accurately calculate their carbon footprint. This is done by gathering data from a company's financial accounts, transactions, and computer usage. In addition, Greenly also has integrations with other business applications, e-commerce platforms, cloud services, and electricity providers.

To calculate your company's carbon footprint, you can use the Greenly app, which features a simple interface and real-time tracking. The app also provides important information and an environmental score for each supply partner.

Emitwise

Emitwise is a carbon accounting platform for large companies. It uses AI to manage your company's emissions. The tool estimates the carbon footprint of all your suppliers, products and processes. This information is then aggregated and analyzed.

The tool also connects to existing data systems, allowing you to access permissioned energy and activity data. You can then use this information to streamline ESG measurement and calculations. Alternatively, you can get a baseline assessment and a low-touch point onboarding.

With Emitwise, you can monitor your business' carbon footprint and track performance against goals. It helps you create dashboards that can be shared with internal stakeholders.

For businesses looking to reduce their carbon footprint, the Emitwise platform can be a cost-effective option. You can use it to determine your emissions, compare the effectiveness of different carbon strategies, and identify high-impact wins.