Supply chain News and trends

As many as 21 stock exchanges across the world could introduce sustainability reporting standards in the coming months. They would join the 17 exchanges that currently recommend listed companies to report on environmental, social and governance (ESG) issues — going a step further by providing model guidance to participating companies.
These exchanges have pledged to list their guidance on the Sustainability Stock Exchanges (SSE) initiative. It's a peer-to-peer platform that invites global exchanges to promote ESG disclosure among listed companies and among each other. SSE includes over 60 exchanges — representing more than 70 percent of listed equity markets — and more than 30,000 companies with a market capitalization over $55 trillion.

Via EcoVadis

The World Business Council for Sustainable Development (WBCSD) and consultants Radley Yeldar released the 2016 edition of “Reporting matters,” which found that the Global Reporting Initiative (GRI) guidelines are still the most widely used among WBCSD members, with 80 percent of reporters using the G4 guidelines, and that nearly a third are communicating on the SDGs. Ten companies are using the SDG Compass to take action on the Global Goals.

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"Conversations ranged from how generational mindsets are shifting, to open-source platforms, to the circular economy, all converging on one key finding: Reporting is poised to make a major pivot..."

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It’s not the number alone that matters; it’s the combination of the quantitative number and the accompanying qualitative narrative that provides the full picture.

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Today, GRI launched the world’s first global standards for sustainability reporting, giving companies a common language for disclosing non-financial information. The GRI Sustainability Reporting Standards will enable companies around the world to be more transparent about their impacts on the economy, the environment and society. They will also help organizations make better decisions and contribute to the United Nations Sustainable Development Goals

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Eric Hespenheide: The sustainable development agenda has gathered pace with global commitments to the U.N. Sustainable Development Goals and the Paris climate change agreement. Over the past decade, we have also seen a dramatic increase in the number of companies measuring their sustainability performance.

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