Sustainability reporting involves the systematic disclosure of an organization's environmental, social and governance impacts, goals and practices.
Aims of sustainability reporting
The primary objective of sustainability reporting is to provide clear and comprehensive insights into how organizations address environmental, social, and governance (ESG) issues. This concerns particularly the actions they take to reach their sustainability goals and mitigate harmful impacts on society and the environment. Corporate sustainability disclosures are of major interest to a wide range of stakeholders such as investors, civil society and customers.
Sustainability reporting frameworks and standards
Various frameworks have been developed to standardize sustainability reporting and allow for more consistent and comparable ESG disclosures. Notable examples include the Global Reporting Initiative (GRI), the European Sustainability Reporting Standards (ESRS), and the work of the International Sustainability Standards Board (ISSB).