The sustainability report is the main tool available to companies to communicate, on a voluntary basis, their performance or impact in environmental, social and corporate governance matters. The information included in the sustainability report is relevant for both internal and external stakeholders (customers, suppliers and/or potential investors).
One of the most effective tools for communicating the commitment to responsible and sustainable development are Sustainability Reports, where organisations report on their development in economic, social and environmental terms (triple reporting). The most widely accepted international reporting standard for the preparation of Sustainability Reports is that proposed by the Global Reporting Initiative (GRI), which defines basic principles and content for the preparation of Sustainability Reports, based on a common framework for all organisations that wish to report on these issues, and proposes a series of indicators in the economic, social and environmental spheres.
A Sustainability Report should provide a balanced and reasonable picture of sustainability performance, presenting results obtained within the corresponding reporting period, taking into account the commitments, strategy and approach adopted by the organisation. It is an essential tool for all companies committed to sustainability and the environment.
Principalmente, representa una carta de presentación para la empresa proporcionando una visión multidisciplinar de la organización posibilitando a sus grupos de interés y futuros inversores la oportunidad de conocer su situación global, aparte de su compromiso con la responsabilidad social.
EURO-FUNDING, EXPERTS IN SUSTAINABILITY REPORTING
At Euro-Funding we are experts in selecting the focus of your sustainability report. We take care of creating the structure, calculating the indicators and drafting the report to ensure that legal obligations are met.
INTERNAL
– Generates internal information flows and establishes indicators that help monitor activity and analyse its evolution.
– Establishes the state of the Company’s situation in each non-financial area, in order to establish action plans and initiatives to improve management and generate continuous improvement.
– Allows progress to be monitored and areas in need of improvement to be uncovered
– Provides early warning of trouble spots and unanticipated opportunities for improvement, uncovering issues that may jeopardise the organisation’s reputation, and/or identifying opportunities ahead of competitors
– Helps mitigate risks arising from a lack of transparency, control and monitoring
– Identifies the vision and strategy for operating more sustainably
– Prepares organisations to discuss, measure and take action on sustainability issues
– If disseminated internally, it helps to generate a global vision of the company and pride of ownership, which helps to retain talent.
EXTERNAL
– Responds to stakeholder expectations
– Enhances the organisation’s reputation and brand image
– Builds trust and respect
– Alignment with regulatory and industry/market leaders’ trends
– Attracting the attention of institutional, non-institutional investors and alternative sources of finance
– Charter of presentation before opening new businesses or new markets
– Showcases the company’s value relative to the competition by showcasing outstanding and differentiating initiatives, thereby attracting talent
In order to elaborate and detail a sustainability report, it is necessary to follow a series of guidelines to carry it out:
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