As investor interest in sustainability performance grows and companies come under more regulatory pressure to disclose their impacts, businesses are increasingly directing significant resources to external reporting. Disclosing progress in line with rigorous reporting frameworks and respected analyst surveys is integral to improving transparency and lowering reputational risk. However, with no global standard for reporting, preparing responses for diverse frameworks and surveys can be costly and time-consuming.
How can companies streamline the process, avoid duplication of efforts and embrace best practice when responding to multiple sustainability frameworks and surveys? This article will look at three areas which can help improve performance – establishing a bedrock of data, increasing efficiency when collecting information and streamlining data output.