Sustainability reporting allows companies to balance “economic, environmental and social” factors equally.
Studies show that businesses which place an emphasis on sustainability perform better in the long run. This trend is set to continue as increasing pressures on the natural environment becomes increasingly clear.
Future focused businesses know that “you can’t manage what you don’t measure“.
These are recognised as the Three Pillars of Sustainability, assessed through annual sustainability reporting. Consequently, this method fosters a sustainable business model over the long term.
Achieving a circular economy requires balancing these three pillars of sustainability on a national scale. The Corporate Sustainability Reporting Directive (CSRD) is a EU regulation that improves disclosures on a wide range of topics such as environemtnal and climate repoorting data. EcoQuest can assist clients with their CSRD reporting obligations.
EcoQuest not only assists organisation’s in initiating baseline reporting, but also helps implement best practice updates for ongoing reporting. Furthermore, Ecoquest supports organisation’s in developing annual sustainability reports in line with the Global Reporting Initiative (GRI). The GRI Standards embody global best practices for publicly reporting economic, environmental, and social impacts.
“Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs“, The Brundtland Commission,1987
Annual reporting requires businesses to analyze their practices to minimise the resources required for producing, consuming, and disposing of products or services. Consequently, there is a growing consumer demand for corporate sustainability reporting.
The business case for enhancing efficiency, reducing costs and offering sustainable products or services is gaining momentum. This acceleration is being propelled rapidly by escalating environmental and sustainability legislation.
Please Contact Us if your organisation requires a baseline or updated sustainability report.
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