Comprehensive Resource on Sustainability Reporting Launched
In a complex business environment, understanding what, where and how to report sustainability information can be a challenging task. Accurate and objective sustainability reporting can help a company consider its impacts on a variety of sustainability issues, enabling it to be more transparent about its future risks and opportunities.
To address the need for effective global reporting on corporate sustainability, the World Business Council for Sustainable Development (WBCSD), has now launched the Reporting Exchange, which is the single most up-to-date and comprehensive source of information on sustainability reporting requirements and resources currently available.
Funded by the Gordon and Betty Moor Foundation, the Reporting Exchange project will create a collaborative platform, providing a space for people to contribute, share insights, good practice and learn from others. The platform is supported by a global community of experts, and offers information on ESG reporting requirements and resources from 70 sectors and 60 countries.
As a free online platform, the Reporting Exchange will help businesses find trustworthy and accessible sustainability-related information.The platform will be a critical tool for people involved in preparing and delivering corporate sustainability annual or integrated reports.
Peter Bakker, President and CEO at WBCSD, said that the Exchange is an important step in scaling up the Council’s efforts to achieve sustainability, and will be indispensable for anyone who prepares, delivers or studies corporate sustainability reports. The platform will provide business reporters, investors, academics and policymakers with the latest information on sustainability reporting requirements and available resources.
Lois Guthrie, Founding Director at the Climate Disclosure Standards Board (CDSB), said that by demystifying the complex world of corporate reporting, the Reporting Exchange makes it easier for companies to decide how best to report on sustainability.
Damien Smith, the CEO of Ecodesk, said that the company’s mission has been to simplify the complex world of sustainability for its clients, and the Reporting Exchange will be another excellent tool in its arsenal to be able to do that.
The Reporting Exchange has been developed by the WBCSD in collaboration with the CDSB and Ecodesk.
Source: 3BL Media