With increasing regulation, stock exchange drivers and dynamic audiences, sustainability reporting can seem a complex, constantly changing minefield. Ethical Corporation’s 11th Annual Sustainability Reporting Summit brought together thought-leaders within the sustainability space to navigate through the noise, debunk myths, and share innovation.
See our take on the 5 key talking points Acre identified which is changing the sustainability reporting landscape in 2018 and beyond:
1. Framework collaboration: CDP, GRI, Integrated Reporting and other corporate disclosure frameworks should not be viewed in isolation, or in competition but as complimentary to one other.
2. Beyond the PDF: Could segmented reporting to tailor key messages to various stakeholders be the future? Should we be using more innovative mediums such as GIF’s or even VR to transmit key messages from the sustainability report?
3. Enter the robot: With 95% of information within sustainability reports being qualitative, could AI be used to qualify this information and map changing ‘emphasis’ on particular social and environmental issues? For investors, could this help shape investment strategy?
4. The value of impact: Monetising social and environmental impacts is the best way to get c-suite attention and inform investor decision-making. However, there remain many challenges around this with businesses carrying out different methodologies, a lack of standards and assurance processes for quality and comparability processes. Despite this, we should keep collaborating, learning and developing such methodologies.
5. Strategy 2.0: Should the SDG’s be used to map sustainability strategy 2.0? To many, the SDGs enable a focus on the issues which are most material to business and to communicate and shape meaningful impact.
The most pertinent message that came out of the two days is that there remains no right or wrong answer; open dialogue, collaboration and continued experimentation is essential. What do you think could be the biggest game-changer for the future of sustainability reporting?