Businesses are under intense pressure from investors, regulators, employees, and customers to get serious about sustainability, and ESG disclosures are often one of the first steps on this journey. Sharing information about carbon emissions, diversity and inclusion, anti-corruption policies, and other components of ESG is becoming a common activity among enterprise businesses. In fact, 90% of S&P 500 companies published a corporate sustainability report in 2019. Investors are also increasingly considering ESG as a standard aspect of the investment process.
While many business leaders agree that ESG reporting is beneficial, they don’t all use the same reporting standards. There is a veritable alphabet soup of frameworks to choose from, designed by various non-profits, industry groups, and international organisations. Rio have put together this guide in order to provide clarity on the different ESG reporting frameworks currently available for businesses. The report addresses existing voluntary reporting frameworks, important laws and regulations around ESG reporting as well as some other select topics relevant to the area, including the UN’s Sustainable Development Goals.
Read the report (Rio).