Sustainability reporting is becoming increasingly prevalent due to the growing consensus that sustainability-related issues can materially affect a company’s performance. This is leading to increased demand from various stakeholder groups for higher levels of transparency and disclosure about the company’s business activities and performance.
Getting started with GRI reporting
To get started with sustainability reporting using standards like BRSR, companies are turning to sustainability management platforms like POSITIIVPLUS. These platforms can help businesses monitor KPIs like energy use, emissions and waste generation, operational costs, and regulatory compliance.
Stakeholders also want information from companies as to how they are responding to issues of sustainable development. This is why companies use sustainability reporting as a tool to disclose their sustainability practices. Sustainability reporting is not mandatory, but it increases the transparency and accountability of an organization. This in turn helps companies to be better equipped to make profitable decisions which will increase the chances of their long-term success.
Using sustainability management software can help companies gain an understanding of the BRSR format, choose material topics to report on, a report from the variety of available KPIs, aggregate and analyze sustainability performance data, draft a sustainability report, as well as support organizational transparency and communication.