Taking Care of Business and the World: Sustainability Standards and Reporting

Each year, more companies adopt sustainability reporting for increased transparency. Choosing the best-fit standards for the organization is crucial to ensuring the value of the reporting process.
-Sharon Ross

Developing strong environmental, social, and governance sustainability is a core value for many organizations, so ensuring the company adheres to making progress toward or meeting goals and commitments is a key strategy. Sustainability reporting has emerged from this need, enabling organizations to assess and report their impacts in targeted areas. Publishing periodic reports increases transparency and establishes links between what the company does and the end results in the areas of environmental, social, and governance (ESG) sustainability.

Publishing such a report requires the ability to measure activities and results. In the past decade, a number of sustainability reporting frameworks have emerged in an effort to move toward standardiz...

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