By Rati Bhattachary Sustainability Strategist and Consultant, Innovation and Transformation Group Tata Consultancy Services
G4: Initial ImpressionsThe fourth-generation (G4) Sustainability Reporting Guidelines developed by the Global Reporting Initiative (GRI) may well have complicated the reporting environment, instead of streamlining it. Launched in May 2013, and mandatory for reports published after 31 December 2015, the G4 tries to harmonize with other international reporting frameworks, instructing reporters to focus on material topics or aspects instead of outlining their organization’s broad sustainability footprint. With renewed interest and attention on corporate social responsibility, companies are pulling out all the stops to ensure that their sustainability initiatives occupy center stage. They are interested in measuring the effect of their sustainability programs, to identify new opportunities, while remaining informed on risks. Program disclosures are in the form of detailed reports, full of catchy phrases and engaging visuals to invite larger readership.
- RepTrak Pulse Score.
Kim Bach Vu
Sustainability/Corporate Responsibility Associate
TE Connectivity (Tyco Electronics)
The growth in acceptance and popularity for corporate responsibility and sustainability has propelled many companies to look into their own operations and of their supply chains. This has created a need to measure and disclose their sustainability efforts both internally and externally. The external audience might vary by industry and position of the supply chain, some external stakeholders that companies engage with are investors, customers, non-governmental organizations, and suppliers to name a few. The increasing scrutiny of corporate responsibility efforts by investment efforts has left too many different types of surveys, from Dow Jones Sustainability Index to Vigeo. Furthermore, many companies that engage in their suppliers also have sustainability surveys.
Why should we and our companies participate in the CR 100 Best Corporate Citizens assessment, and the CRA?
By Pete Sherrard
Sustainability Manager, Duke Energy
Why should we and our companies participate in the CR 100 Best Corporate Citizens assessment, and the CRA? Cynics might say that participation is just a self-serving pursuit to get recognition. They’re wrong.
Sure, the recognition is nice for our companies, and frankly may be an initial attraction for many. But as companies and their professionals engage, some great things happen.
When we study the criteria used for the 100 Best assessment, we learn, or at least get confirmation of, the things that are important to stakeholders - including many of our companies’ shareholders.
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