March Monthly Briefing: Reporting smarter, not harder Our views on what matters |
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Sustainability reporting is firmly embedded as part of a company’s overall reporting activity, but the plethora of methodologies and standards, and the lack of focus on impact as a key measure of company performance, leave businesses and external stakeholders – and investors in particular – frustrated, albeit for very different reasons. But change is afoot, and a reporting revolution is on the cards.
Machine learning tools that continually review public disclosures are gaining increasing interest and traction among institutional investors, and the more progressive companies are exploring tech-enabled platforms to allow for real-time external stakeholder engagement that goes beyond traditional reporting mechanisms and approaches. But most businesses are slow to adapt, and fully integrated reporting is itself far from universally adopted.
An attitudinal shift is required that embraces the technology that exists today. That technology is pointing to a future of reporting that’s about companies reporting smarter, not harder. And it’ll bring with it the ability for multi-channel, audience-led narratives that tell a credible and unique story about the company’s activities, and that improve decision-making and performance.
Enjoy our March Monthly Briefing, and please get in touch with any of our consultants around the world to find out more about how we’re helping companies report smarter, not harder.
Neil Davy
CEO, Corporate Citizenship |
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| Reporting standards – it’s a numbers game
Convergence of reporting methodologies and standards will help address one of the primary difficulties of sustainability professionals and should lead to decision-useful disclosures.
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Reporting on impact is still not the norm
Sustainability reporting still falls short of meeting the expectations of stakeholders. Clearer information on concrete issues, targets and principal risks is the future.
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Integrated reporting – a shift in thinking takes time
The real value of integrated reporting lies in the ‘integrated thinking’ approach that it encourages businesses to adopt. Yet the shift in mindset required is unique to every business and hence hard to do.
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 | Sustainability reporting – it is time to reflect
Sustainability reporting is mainstream. Its growth across Europe, the Americas, Asia and the rest of the world has been marked. Yet it is still seen by some as an exercise in compliance and a cost rather than an opportunity.Read More |
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 | Reporting smarter, not harder: embracing digitalGuest contributor Jonny McCaig, Global Reporting Director, Unilever, shares why its time to embrace a more dynamic version of reporting.Read More |
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 | Celebrating David Logan’s new book ‘Corporate Citizenship: The role of companies as citizens of the modern world’
In London on March 19th we celebrated the launch of David Logan’s new book. With clients and colleagues, he talked more about why he wrote his book and shared his vast perspective on why corporate business has such a key role to play. Amanda Jordan, Chairman of Corporate Citizenship and along with David, another of our co-founders, highlighted that the book was a typical reflection of David’s ability to combine strategy with pragmatic action. She spoke for all of us when she thanked him for his contribution to the movement around responsible business.
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