The Changing Landscape of Sustainability Transparency & Disclosure
When it comes to reporting and disclosure, sustainability leaders at beverage companies are feeling mounting pressure to meet changing reporting requirements and intensifying stakeholder expectations.
Of course, many beverage companies want to disclose and are more than happy to share their sustainability story; they understand its importance. But every passing year brings new and more detailed reporting asks — and delivering data and maintaining transparency are no easy tasks. They take immense time, effort, resources, and budget.
So, while beverage companies want to participate, many wonder how to strike the perfect balance between what’s material to stakeholders and what’s material to the business. They want to tell their story in terms that relate to their business as well as resonate with a diverse audience of stakeholders. Furthermore, they want to get ahead of the change, so they can proactively plan for what’s to come.
For more than a decade, the Beverage Industry Environmental Roundtable (BIER) has brought sustainability leaders from global beverage companies and organizations together to share best practices, discuss trends, and create actionable frameworks to tackle issues like transparency and disclosure.
Recently, several members of our Transparency & Disclosure Working Group came together to discuss emerging trends, metrics that matter, and what companies should do now to prepare for the next reporting evolution. Those members include: Laura Nelson of Antea Group, Jamal Booker of The Coca-Cola Company, Julie Lejard of Pernod Ricard, and Suzette Carty of Brown-Forman. Check out the Beverage Industry Environmental Rountable's (BIER) blog post to learn about the insights they shared about this important topic.
The Beverage Industry Environmental Roundtable (BIER) is a technical coalition of leading global beverage companies working together to advance environmental sustainability within the beverage sector. BIER aims to affect sector change through work focused on water stewardship, energy efficiency and climate change, beverage container recycling, sustainable agriculture, and ecosystem services. BIER members include: American Beverage Association, Anheuser-Busch InBev, Bacardi, Beam Suntory, Brown-Forman, Carlsberg Group, The Coca-Cola Company, Constellation Brands, Diageo, Heineken, Jackson Family Wines, New Belgium Brewing, MillerCoors, Molson Coors, Pernod Ricard, Ocean Spray Cranberries, and PepsiCo. For more information, visit www.bieroundtable.com.