Drafting CSR and Sustainability reports is a great way for companies to communicate their socially responsible business practices to a wide variety of stakeholders. Reporting provides a clear picture of how a company measures up in the areas of economic, environmental and social performance.
Measuring these indicators helps identify potential risks to the company as well as opportunities for improvement and innovation. It is also useful in benchmarking performance to track progress year over year and can be instrumental in seeing how your operations compare to the competition.
According to the Global Reporting Initiative:
The economic dimension of sustainability concerns the organization’s impacts of the economic conditions of its stakeholders and on economic systems at local, national and global levels. As this information is normally reported in financial accounts, the report tends to focus on the organization’s contribution to the sustainability of a larger economic system.
The environmental dimension of sustainability concerns an organization’s impacts on living and non-living natural systems, including ecosystems, land, air, and water.
The social dimension of sustainability concerns the impacts that an organization has on the social systems within which it operates.
Reporting isn’t just for large multinationals, all organizations can benefit from preparing and communicating sustainability reports. Work with ORENDA to understand the economic, environmental and social impact of your business.
“ORENDA was able to help us take our good intentions and energy and focus it in such a way as to have a dramatic effect on our philanthropic program. With some amazingly strategic advice, Peggie was able to help us see what literally was right in front of us and in so doing has catapulted our program into a core part of the way people in our company think of us in relation to the world!”
Nick Foster, SVP Mergers and Acquisitions, Softchoice Corporation
