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Why Creating a Sustainability Report Is Challenging and How to Overcome ItAs sustainability becomes increasingly important in the corporate world, more companies are committing to transparency by p…

As stakeholders demand more accountability, the key question is: Are companies using sustainability reporting as a tool for real improvement, or merely as a box-checking exercise? For investors and policymakers, understanding this distinction is crucial for driving meaningful change. #Sustainability #CorporateResponsibility #ESG #SustainabilityReporting #BusinessEthics #CorporateTransparency

Organizations are under pressure to be more transparent and make actionable commitments to ESG. This means that businesses must capture sustainability data in ways that auditors can easily examine. Check out these insights to learn more. #ESG #sustainability #transparency

Our State of Sustainability 2024 Report has been released - your essential resource on the latest trends, insights and strategies across the sustainability landscape. The report captures the positive change many have been long advocating for with 81% of respondents reporting a significant increase in focus on sustainability in their business in the last year. This marked change, up from 62% in 2022 demonstrates the increasing commitment by businesses to create a more resilient and sustainable future for generations to come. The report provides insights into: -  Key drivers and challenges for sustainability in business - Preparedness for sustainability reporting - Engagement with supply chain on ESG reporting - Implementation of sustainability strategies and leadership accountability - Sector Analysis - Future outlook and strategic planning For anyone with sustainability as a core focus, this report is a must read as findings encapsulate the need to ensure tomorrow's successes are built by today's best made plans! Download your copy now - https://lnkd.in/eP73CNpZ Derarca Dennis Emer Keaveny Alessio Predieri Ciara S. Alan G. Daly Dr. Wing kit L. Mark Collins Timsie Ho Emily Bollard Benjamin Okpara Lauren Kelly Anna Murray Katarzyna Lech, ACA Federico Gotti Isabel B. Vanda M. Aisling Lynch Kevork Arslanian Natália Carvalho Niamh Delanty Rosheena Borlaza, CPA, SCR Sarah Fuller, CPA

The Corporate Sustainability Reporting Directive (#CSRD) has brought double materiality assessment into the spotlight, making it a hot topic among sustainability professionals, especially those connected to European businesses. So, what exactly is double materiality? Traditionally, materiality assessments focused on how sustainability matters impact a business — essentially, an assessment of risks and opportunities from an outside-in view. But double materiality changes the game by adding another crucial dimension. Here’s a breakdown: 🔄 Two Sides of the Coin: Double materiality assesses not only how sustainability matters are impacting businesses in terms of risks and opportunities (financial materiality) but also how the company's activities impact the planet and society (impact materiality). 👥 Broader Stakeholder Focus: Unlike traditional materiality, which was primarily investor-centric, double materiality considers a wider range of stakeholders, including employees, regulators, communities, consumers, and investors. ⛓️💥 Expanded Boundaries: This approach looks beyond immediate operations to include the entire VALUE CHAIN, considering the impacts, risks, and opportunities across all business activities. 🗓️ Long-Term Perspective: While traditional assessments often had a short-term focus, double materiality encourages thinking in the short (<1 year), medium (1-5 years), and long term (5+ years) — considering impacts, risks, and opportunities from now to over five years and ahead. Double materiality might seem complex, but it’s a powerful exercise that adds immense value, not just from a sustainability standpoint but also from a strategic business perspective. This is not the type of assessment that can be conducted in silos; it requires active involvement of various stakeholders to comprehensively identify the material sustainability matters for the company — RIGHTLY assessing impacts, risks, and opportunities. Based on my experience, this exercise also initiates rich dialogue internally to find synergies, address challenges, and solve them as a group. Navigating through the challenges of double materiality and CSRD as a whole can be difficult, happy to chat more if you're on this journey! P.C.: Ideas on Purpose #sustainability #CSRD #doublemateriality #esg

As professionals dedicated to advancing sustainable business practices, it's essential to critically assess the tools at our disposal. A recent article from CNA delves into the complexities and real impact of sustainability reporting. Sustainability reports aim to provide a comprehensive view of a company's value creation over time, covering economic, environmental, and social dimensions. However, despite these efforts, skepticism remains. With only 24% of top executives seeing clear value in sustainability reporting, it prompts a crucial question: Are we doing enough to drive genuine change, or are we merely ticking boxes? This piece provides a comprehensive analysis, highlighting both successes and areas where more commitment is needed. For instance, while some companies rigorously report greenhouse gas emissions and other sustainability metrics, others may still view these reports as regulatory hoops to jump through rather than opportunities for substantial operational improvements. As we push towards the United Nations Sustainable Development Goals, let's use this opportunity to discuss how we can make sustainability reporting more than just a procedural requirement. How can we ensure it becomes a cornerstone of strategic business transformation and societal benefit? Join the conversation below. Let's explore how we can turn these reports from mere documents into catalysts for real, enduring change. #Sustainability #CorporateResponsibility #EnvironmentalImpact #BusinessTransformation

Beyond the title referring to the CIO role, this article does a nice job presenting a Sustainability Maturity model, best practices and some recent trends in sustainability. #Sustainability #CorporateStrategy #ESG

Currently doing research for an upcoming keynote on sustainability reporting and came across this paper from Alison Taylor and Robert Eccles. If there are thought leaders better able to explain the nexus between sustainability and value creation I'm yet to meet them. A must read for any sustainability practitioner, especially CSOs. https://lnkd.in/dGghFxb7

Really encouraging to see that stakeholder interest and increased EU regulatory requirements are causing more companies to focus on embedding more sustainable practices in their business. Read our full report here: https://lnkd.in/eiGJ6AQn

I am curious what the supply side of the sustainability equation thinks of the findings in this article. In my experience, sustainability is generally viewed and treated as a cost, not an investment. Allegiance to the P&L is the priority. Most disconcerting is the discovery that spending on sustainability reporting exceeds spending on sustainability innovation by 43%. Without less talk and more action, the path to Net Zero by 2050 looks more like the slope of hope. #sustainablepackaging #netzero https://lnkd.in/e3wEfktB