Materiality assessments are formal exercises aimed at engaging stakeholders to find out how important specific environmental, social and governance issues are to them. The insights gained can then be used to guide strategy and help you tell a more meaningful sustainability story.
A recent report from Ceres analyzed how well the 476 largest companies of the Forbes Global 2000 disclose and perform on five key indicators that are highly valued by today’s investors. The results? There are some major gaps that need to be filled.
As a standard setter in sustainability reporting, GRI has a responsibility to engage in sustainability reporting and exemplify best practice in doing so. But, as a small non-profit organization, it faces constraints and challenges when reporting on its impacts. As part of our effort towards transparency, we’ll be sharing the process that we underwent when writing our sustainability report, the problems that we found along the way, and the solutions that we found. And it all begins with the materiality assessment.
Stakeholders and third-party reporting institutions now demand higher levels of detail and transparency from our organizations. Consequently, corporate sustainability disclosure and reporting has become more mainstream and ingrained within business operations, as well as more complex and time-intensive.
As early trading and bartering have grown into a booming, trillion dollar world economy over the last several hundred years, so has the need for companies to reevaluate how they are participating in this economy.
Materiality is a hot topic in the corporate sustainability world, with CSR teams working hard to meaningfully convey the opportunities and successes of their initiatives to both internal and external stakeholders.
Featuring industry thought-leaders and trend makers lead by Rutgers Institute for Ethical Leadership and Governance & Accountability Institute
NEWARK, NJ, April 28, 2017/3BL Media/ - Leaders in the corporate sector have been rapidly adopting strategies, developing comprehensive programs, and engaging with stakeholders in activities that are often titled, "Corporate Social Responsibility (CSR)," "Corporate Sustainability," and "Corporate Citizenship." As a result, there are numerous positions opening up for managers in these areas (both as new hires and through internal promotions).
April 28, 2017 /3BL Media/ - The Rutgers Institute for Ethical Leadership, in partnership with the Governance & Accountability Institute, Inc., offers a two-day, deep dive into Corporate Social Responsibility (CSR) and the related fields of philanthropy, sustainability, risk management, and ethics. The certificate program will be presented Tuesday, May 16 and Wednesday, May 17, 2017, 9:00 am to 5:00 pm. On Tuesday evening there is a special networking dinner.
A growing number of reporting frameworks and accounting standards focus on materiality. Do you know which issues truly matter to your company and your stakeholders?
Identifying and prioritizing the corporate citizenship issues that are important to your company can help you make better and more strategic decisions, elevate the purpose of your corporate citizenship program, and steer resources and attention to issues most important to your business context and to your company’s stakeholders.