When sustainability is trendy
Global and regional trends in reports on sustainability are shifting. The WBCSD has published a report that illuminates the new dimensions. The report is part of the Reporting Exchange, an initiative that promotes transparent and relevant corporate reporting.
The sustainability reporting report was jointly developed by the Climate Disclosure Standards Board (CDSB) with support from öbu and engageability. The World Business Council for Sustainable Development (WBCSD) report illuminates sustainability reporting trends in 60 countries.
More and more companies voluntarily report on environmental issues
For example, the report shows that environmental topics have been covered most frequently in reporting over the past 25 years, while governance topics have been covered least frequently. Furthermore, the number of voluntary reporting requirements has increased from less than 10 worldwide to 182, with 80% of these requirements issued by non-governmental organizations such as CDP, Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB).
The trend is clearly towards a sustainability report integrated into the annual report; sustainability is thus increasingly seen as an integral part not only of corporate reporting but also of corporate business practice, argues the WBCSD.
Last but not least, the WBCSD emphasizes the importance of aligning reporting practices at both the national and international levels to better classify and compare reports.
The Reporting Exchange
The WBCSD launched the Reporting Exchange in 2017 in collaboration with the CDSB and Ecodesk. This free online platform was developed to help companies navigate the often still confusing world of corporate reporting.
More details about sustainability reporting can be found at this Link
