![]() ![]() That said, if there are concerns about the accuracy of the data, it is difficult for decision makers to glean any real business value from sustainability reporting. However, there is no recognized methodology when it comes to how companies should collect, validate, and analyze the data contained within the reports. The current guidelines on sustainability reporting are useful for determining the subjects that should be addressed. ![]() Typically, sustainability reports have different data types, including carbon data, water usage, philanthropic donations, volunteer hours, as well as diversity and governance information. With such a large variability in data types, it can be difficult to consistently gather data accurately. In addition, a recent survey revealed that 43 percent of executives cited "alignment with business goals, mission, and values" as the top reason for addressing and reporting on sustainability topics. But often, the primary reason for reporting is to build and maintain a strong corporate reputation-a result of stakeholders' increasing desire for transparency and dialogue. ![]() There are many reasons for an organization to report on its sustainability performance. The landscape of sustainability reporting is rapidly changing, with more companies disclosing information on material issues than ever before. ![]()
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