Corporate Sustainability: What Is It and Why Do You Need It?

Sustainability entails balancing environmental, social, and economic considerations to meet current needs while safeguarding future generations. It secures a sustainable future for our planet and businesses by aligning with global goals. There are three fundamental components to sustainability:

  • Environmental Sustainability (Protecting the Planet)
  • Social Sustainability (Human and Community Well-being)
  • Economic Sustainability (Responsible Resource Management and Ethical Business Practices)

Sustainable Development Goals (SDGs)

The Sustainable Development Goals, also known as SDGs, are global objectives set by the United Nations to address a wide range of issues, from reducing poverty to adapting to climate change, affecting individuals and institutions worldwide by 2030. SDGs provide a comprehensive roadmap for global development, emphasizing the need to create a sustainable and equitable world for present and future generations. Integrating SDGs into corporate development strategies forms the foundation of corporate sustainability.

Why Do You Need Sustainability Reporting, and What Are the Standards?

Sustainability reporting is crucial for organizations as it enhances transparency, accountability, integrity, reliability, and reputation while meeting the expectations of investors/shareholders, stakeholders, and business partners. It ensures regulatory compliance, encourages continuous improvement, and aligns with global sustainability goals. Well-recognized standards and frameworks like the United Nations Global Compact, GRI (Global Reporting Initiative), IFRS (International Financial Reporting Standards), SASB (Sustainability Accounting Standards Board), OECD (Organization for Economic Co-operation and Development), PRI (Principles for Responsible Investment), and TCFD (Task Force on Climate-related Financial Disclosures) guide comprehensive, sector-specific, and climate-focused reporting.

Starting from 2024, most companies operating in EU-regulated markets or with subsidiaries listed in the EU will be subject to mandatory sustainability reporting under the EU CRSD (Corporate Sustainability Reporting Directive).

Corporate Sustainability Roadmap and Sustainability Reporting Consultancy

Our corporate sustainability roadmap and sustainability reporting consultancy services, designed by experienced sustainability experts, offer an efficient and effective solution for sustainability reporting, leveraging AI-supported digital technologies.

Efficiency translates to productivity through streamlined processes that aim to quickly respond to the sustainability needs and market demands of organizations. This leads to time and cost savings, making it a valuable tool for organizations looking to accelerate their sustainability initiatives.

Our consultancy and training areas encompass:

  • Awareness Meetings and Sustainability 101 Training
  • Situation Assessment, Documentation Review, and Research Analysis
  • Identification of Corporate and Sectoral Sustainability Elements/Components
  • Preparation of Sustainability Balance Matrix (Priority Matrix)
  • Commitment to United Nations Sustainable Development Goals and Corporate Strategy/Forecasts
  • Commitment to the European Green Deal and Strategy/Forecasts
  • Commitment to GRI Standards and Strategy/Forecasts
  • Prioritizing Corporate Sustainability Elements
  • Comparative and Analytical Result Reports, Strategy Planning