{"id":1567,"date":"2024-12-17T20:44:30","date_gmt":"2024-12-17T20:44:30","guid":{"rendered":"https:\/\/thesustainabledigest.com\/?p=1567"},"modified":"2026-03-07T09:45:03","modified_gmt":"2026-03-07T09:45:03","slug":"valuable-sustainability-reporting-standards","status":"publish","type":"post","link":"https:\/\/thesustainabledigest.com\/ja\/the-blog\/valuable-sustainability-reporting-standards\/","title":{"rendered":"Valuable sustainability reporting standards for the industry"},"content":{"rendered":"\n
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Sustainability reporting standards are an important key to making the private sector more sustainable. Valuable sustainability reporting standards are key. They help companies and institution share their environmental, social, and governance (ESG<\/strong>) effects. This is important because traditional business models focus too much on profit, also known as the bottom-line or staying in the black while avoiding going in the red.<\/p>\n\n\n\n

More companies are now reporting on sustainability. In 2019, 90% of S&P 500 companies did this, up from 20% a decade before during the post 2008 market crash. This shows that businesses and investors see the value of sustainability for financial success and long-term growth.<\/p>\n\n\n\n

But, there’s a problem. There are diverse ways for companies to report on sustainability that are unique. This makes it challenging for them to report fully and for investors to contrast and compare. We need a global standard for sustainability reporting. This would make it easier for companies to report and for investors to make informed decisions.<\/p>\n\n\n\n

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The Evolution and Importance of Corporate Sustainability Reporting<\/strong><\/h2>\n\n\n\n

Sustainability reporting has become an KPI (key performance indicator) for businesses over the last few decades. The Global Reporting Initiative (GRI)<\/strong> established global standards for sustainability reports at the turn of the century in 2000. Around the same time, the Greenhouse Gas Protocol<\/strong> was initiated to help companies track their greenhouse gas emissions (GHG emissions).<\/p>\n\n\n\n

The UN Global Compact<\/strong> and CDP<\/strong> (formerly the Carbon Disclosure Project) advocated for more corporate transparency<\/strong>. After the 2008 financial crisis, new institution created new organizations like the International Integrated Reporting Council (IIRC)<\/strong> and the Sustainability Accounting Standards Board (SASB)<\/strong> started. They assisted and guided companies to understand and share the beneficial effects of sustainability.<\/p>\n\n\n\n

Current State of Corporate Reporting<\/strong><\/h3>\n\n\n\n

Today, the expectation for companies and institutions is to report on their sustainability performance while avoiding green washing. But, the many reporting standards and frameworks have made the already vast landscape overly complex and inconsistent. Companies must find their way through this changing world to give stakeholders clear and honest sustainability reports.<\/p>\n\n\n\n

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