Sustainability Reporting – Beyond just another marketing story
The World Business Council for Sustainable Development (WBCSD) is an association of more than 200 leading global companies and corporations from all sectors and major economic areas of the world. Together, the members of the WBCSD represent a total of no less than 19 million employees.
The common goal of all members is to promote the development towards a sustainable economy and a sustainable world. Therefore, a network has been created where members can learn from each other and cooperate with each other to make profound, moving changes in their value chains.
The five major themes in which sustainable development is driven forward are:
• Cities & Mobility
• Energy and circular economy
• Food, land, and water
• Added value
In February, the annual conference of North American Council members takes place. This year, the focus of the meeting is on how advanced companies should align their strategies more closely with global policy developments (such as the UN’s Sustainable Development Goals, Paris Climate Agreement). It is critical for every company to have their sustainability performance in view, take responsibility and act!
Easier said than done. First of all, the questions which sustainability standards are the most relevant for the respective company or sector or economic environment arise. Helping with this issue, the WBCSD has launched ‘The Reporting Exchange’ (a global, free resource for sustainability reporting).
Here, questions are addressed: Which reporting formats are there anyway? Which are relevant to our company? How complex are the different reports? How meaningful are the KPIs? Which reports can also aid management decisions? Which information is useful for my investors/shareholders? Are the reports voluntary or mandatory?
Also considered are the extended producer responsibility and waste policies of the EU (i.e., the legal texts found on this website, minus a practical summary or overview). Leading consulting and professional service companies have identified the need for clarification too, offering advice and sustainability reporting throughout the board.
One partner that you can rely on is Interseroh! Sustainability is our daily business and always in the focus of our corporate strategy. Apart from economic and ecological solutions for our customers, our business processes focus on sustainability every day.
See how Interseroh reports on it’s own sustainability performance here.