Survey of Corporate Professionals Identifies Motivations and Benefits of Sustainability Reporting
The Boston College Center for Corporate Citizenship and Ernst & Young LLP have released a report – Value of Sustainability Reporting – that offers insights on the benefits of sustainability reporting, assuring sustainability reports, and the risks of not reporting. In today’s business environment, sustainability reporting is evolving into a core business practice for companies around the world. Companies have reported a variety of motivations, including transparency, competitive advantage, risk management and stakeholder pressure. Moreover, the survey found that more than two-thirds of respondents indicated to employ the Global Reporting Initiative (GRI) framework in the preparation of their reports. Data-related issues were identified as challenges in the reporting process. The Value of Sustainability Reporting is based on the findings of a comprehensive survey of 579 corporate professionals familiar with their companies’ sustainability disclosures.