Sustainability reporting 101: eight steps to driving business growth
When it comes to sustainability reporting, companies may feel like they’re in an increasingly uncomfortable public-private vice. On one side, consumers and shareholders are pressuring organizations to be better corporate citizens and increase transparency. Governments are establishing more reporting requirements as well, which will inevitably multiply through initiatives such as the recent Sustainable Innovation Forum at COP21. Sustainability makes companies more profitable and more attractive to all stakeholders. In fact, more than 50 percent of consumers prefer purpose-driven brands. Additionally, 86 percent of consumers said they would be more likely to trust a company that reports corporate social responsibility results. …