Sustainability/CSR (Corporate Social Responsibility) reporting is a hot topic right now. Last year ReScore Group investigated the pain points of sustainability reporting, detailed here. This year, following up on last year’s results, ReScore Group undertook a new study to learn about the best practices in sustainability data management.
The study is based on survey responses received from 60 global companies from various industry sectors (manufacturing, food, chemicals, logistics, energy, aviation, finance, apparel), of different sizes (from $1M to >$90Bn in revenue) and from different countries (26 North America, 23 Europe, 11 Asia).
- A majority of companies disclose sustainability data to the public.
- Companies disclose sustainability data primarily to improve communication with stakeholders.
- Materiality analyses have become increasingly popular, but not all practitioners are satisfied by the exercise.
- Almost all respondents follow a sustainability standard (e.g. GRI) and/or respond to rating agencies (e.g. CDP).
- Defining the right content is the main challenge in sustainability reporting, even for experienced sustainability practitioners.
- Sustainability reporting through the supply chain is a growing subject.