Category: Sustainability reports

Procter & Gamble announces update on 2030 sustainability goals

Read the full story at Packaging Europe.

Procter & Gamble has shared an update on its progress towards its “Ambition 2030” goals, in which it has pledged to reduce virgin plastic usage by 50% and reach 100% recyclability or reusability by 2030.

Linking the SDGs and the GRI Standards

This document links the United Nations Sustainable Development Goals (SDGs) with the Global Reporting Initiative’s standards to make it easier for companies to report show how their sustainability efforts are moving them toward meeting the SDGs.

At last, corporate sustainability reporting is hitting its stride

Read the full story in GreenBiz.

The importance of corporate reporting is rising amid companies’ efforts to assess, quantify and communicate climate risk, various ESG metrics and progress toward net-zero and other goals.

Sustainability through the lens of the corporate report

Read the full story at Waste360.

It is impossible to ignore the multiple crises of 2020, and their impacts on our industry, as well as our reaction to the events of the year.  And it is perfectly appropriate to highlight our response to these events in our sustainability reports.

As the result of this moment in time, many successful companies have catapulted their employee and community programs to the same level as their environmental programs.  In doing so, these companies have highlighted their corporate leadership strength in the midst of a global crisis.  They have exhibited their ability to lead, and to care for their employees and communities, while maintaining their commitment to the environment.

Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation

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This work defines a core set of “Stakeholder Capitalism Metrics” (SCM) and disclosures that can be used by IBC members to align their mainstream reporting on performance against environmental, social and governance (ESG) indicators and track their contributions towards the SDGs on a consistent basis. The metrics are deliberately based on existing standards, with the near-term objectives of accelerating convergence among the leading private standard-setters and bringing greater comparability and consistency to the reporting of ESG disclosures.

ChemSec hands out sustainability report cards to industry

Read the full story in Chemical & Engineering News.

It’s hard to find a chemical company that doesn’t at least talk about sustainability. ChemSec aims to cut through the noise with its ChemScore report cards, which the Swedish nonprofit released this week [the story appeared in the June 18 issue of the magazine]. ChemSec graded the top 35 chemical companies on the basis of what they make, their efforts toward developing safer alternatives, their transparency about ingredients, and the accidents or other scandals they’ve faced.

Sustainability Reporting by the Largest U.S. Companies Hits New Highs

Read the full story at Triple Pundit.

Amid growing pressure from investors, America’s largest corporations are embracing sustainability reporting.

Nine in ten companies on the S&P 500 index, one bellwether of U.S. stock market performance, published sustainability, corporate responsibility or citizenship reports in 2019. That’s up from only 20 percent in 2011 and 86 percent in 2019, according to Governance & Accountability (G&A) Institute findings released this week. And companies are deploying significant resources to detail their environmental, social and governance (ESG) performance against a wide range of voluntary standards and frameworks utilized by investors, raters and rankers. Foremost among these are CDP (65 percent of reporters) GRI (51 percent), the U.N. Sustainable Development Goals (36 percent) and SASB (14 percent), G&A found.

GRI, IRF and SASB: Updated guidance on reporting frameworks

Read the full story at GreenBiz.

For those tasked with communicating their organization’s sustainability information, these are challenging times. What to communicate and to whom, and which tools to use, always have been pain points. Add to that the recent increases in the types and volume of data; the number of reporting frameworks, standards and recommendations to handle it; and the interest from disparate stakeholder audiences with different needs — all without a significant increase in people dedicated to reporting.

Boards, top management, investor relations and human resource leaders, along with those in sustainability, EH&S and marketing and communications, have become more involved as a result. This has added yet more challenges, such as agreement on approach across the departments involved; and motivating and gathering data from many subject matter experts across an organization.

Barry Callebaut’s Forever Chocolate Tops Sustainalytics Ranking

Read the full story at Candy USA.

Forever Chocolate, Barry Callebaut AG’s sustainability plan, was ranked number one in sustainability strategy for the packaged foods industry in Sustainalytics annual assessment of nearly 180 CPG companies, the supplier reports.

State of Integrated and Sustainability Reporting 2018

Read the full story from the Harvard Law School Forum on Corporate Governance and Financial Regulation.

Sustainability reporting for large public companies around the world has become the norm. Si2’s research this year (2018) found that 78 percent of the S&P 500 issued a sustainability report for the most recent reporting period, most with environmental and social performance metrics. The rate of sustainability reporting for the world’s largest companies is even higher, with some figures noting as high as 93 percent. [1] This is a starkly different picture from the 1980s, when a handful of companies in vulnerable sectors—extractives and chemicals, which had to respond to public backlash against environmental mishaps—were the only ones to publish environmental reports with limited performance metrics. It was not until the 1990s that sustainability reports as we know them today started gaining traction, after the concept of “triple bottom line”—environmental, social and economic—corporate performance was introduced and became popular.

Integrated reporting reflects a critical point in the evolution of financial accounting practice. Its core purpose is to ensure that organizations provide a more accurate account of their creation or destruction of value among the different forms of capital. It achieves this by shifting the focus away from the traditional exclusivity of financial measurement.

— Dr. Robert Massie (Co-founder), GRI

Now, almost three decades later, the landscape is again ripe for a shift. This time, the new concept is “value creation,” that companies should create shared value for all—including investors, employees, suppliers, communities and the environment. Proponents say that companies should disclose how they integrate the triple bottom line impacts through a more holistic report of its inputs and outputs, through what’s called an integrated report. Integrated reports would elevate the status of material sustainability matters to be commensurate with financial ones, and help investors make more informed decisions.

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