SUSTAINABILITY REPORTING

A sustainability report is a report that discloses an organization's economic, environmental, social and management performance information. A growing number of businesses aim to improve the sustainability of their operations and establish a reporting system for sustainability that measures performance, sets targets and manages corporate change. The sustainability report is an important platform where the institution’s positive and negative effects are communicated within the scope of sustainability and information that affects the company policy, strategy and operations is constantly conveyed. A systematic sustainability reporting provides comparable data with clear explanations and criterions.

WHY DO COMPANIES PREPARE REPORT?

  • To better understand the risks and opportunities to be faced

  • To increase the corporate reputation and brand loyalty

  • Within the scope of sustainability, to ensure that stakeholders are understand and aware of the institution’s impact and performance

  • Impact on long-term management strategy, policy and business plans

  • Evaluating and comparing sustainability performance against laws, norms, regulations, legal requirements, performance standards and voluntary initiatives.

  • Demonstrate how the institution affects and is affected by expectations for sustainable development

  • Comparing performance within the institution and with different institutions

  • To comply with national legislation 


THE PURPOSE OF THE SUSTAINABILITY REPORT

Sustainability reporting is measurement, declaration and responsibility to internal and external stakeholders towards sustainable development targets. Sustainability reporting is a term with a wide coverage, which has the same meaning as other terms (trio responsibility report, corporate responsibility report, etc.) used for defining reporting regarding economic, social and environmental impacts. A sustainability report should demonstrate the sustainability performance of an organization in a balanced and rational way that the negative impacts are also reported along with the positive impacts.

The most important internationally accepted reporting method for Sustainability Reporting is the GRI (Global Reporting Initiative) Reporting Framework. 

GRI is a non-profit organization that provides global standardization of Sustainability Reports. Sustainability reports which are prepared by using the GRI Reporting Framework, cover the results and outcomes that emerged in the context of the organization's commitments, strategy and management approach during the reporting period.

The reports can be used for the following purposes:

  • Comparison and evaluation of sustainability performance against laws, rules, regulations, performance standards and voluntary initiatives

  • Determination of an organization’s expectations regarding sustainable development and demonstration of how this organization is affected by these expectation

  • Comparison of performance within the institutions and with different institutions over time

The GRI Reporting Framework (Source: [13]) | Download Scientific Diagram


FOR YOUR SUSTAINABILITY REPORTS, GÜNDOĞDU ENVIRONMENTAL CONSULTANCY & ENGINEERING IS READY TO SERVE YOU WITH ITS EXPERT TEAM AND SOLUTION PARTNERS.


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