With each passing day, consumers' expectations from companies have begun to change. There is an increasing demand for them to be responsible by minimizing the impacts of their activities, especially in line with environmental, social and governance objectives. Sustainability reporting is the public disclosure of how effective the ESG strategies followed by a company or organization are.
The reports prepared in a transparent way demonstrate the commitment of companies to a sustainable global economy. It enables organizations to measure their economic, environmental, social and governance performance. Accurate measurement result helps them understand and communicate their shortcomings and advantages and then set goals. Therefore, it is indispensable for companies.
With a sustainability report approved by an independent audit company, it is impossible not to provide confidence in the eyes of society and consumers. A verified sustainability report is an essential requirement for potential investors or other stakeholders in the supply chain. A strong sustainability strategy provides a solid framework for the company's problem management processes. It sets out the vision, principles and policies. In this way, it provides an increase in stakeholder and investment opportunities. Sustainability reports show that the organization is committed to transparency. Transparency increases trust between the organization and its stakeholders. Measuring impact allows the organization to improve its performance as well as beat its sustainability and financial goals.
Improved performance generates more profits and makes the company more agile and competitive in a rapidly changing market. The modern workforce wants to work in organizations that share their personal values. Sustainability report is one of the most important trump cards in order to become an ideal and desired company in the eyes of employees, stakeholders and investors.
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