Issue link: https://resources.tangoanalytics.com/i/1508314
INTRODUCTION As the importance of sustainability issues and their relevance to corporate interests continues to become more widely recognized, so too will the demand for organizations to be transparent about their ESG performance. Stakeholder and investor pressure for sustainability disclosures to show whether climate risk is integrated into a company's long-term strategy is mounting in 2023, amid other various socioeconomic crises like rising energy costs, resource depletion, and climate change weather anomalies that highlight the increasing importance of sustainability in everyday business decisions. Financial reporting alone no longer satisfies the needs of stakeholders in understanding overall company performance. Through Sustainability Reporting, organizations report on progress and metrics against performance goals not only for economic achievements but for environmental protection and social well-being. Smaller companies and under-represented industries in the reporting sphere that have not yet prepared sustainability disclosures will inevitably face greater pressure to do so, not least because the U.S. SEC is expected to propose new rules on climate disclosure that may take effect in the latter half of 2023. / CONVERGENCE OF FRAMEWORKS 2 / THE IMPORTANCE OF DISCLOSURE 3 / HOW TO REPORT 1 / UNDERSTANDING SUSTAINABILITY REPORTING IN THIS GUIDE... WatchWire articulates a technical overview of the information needed to understand Sustainability Reporting: / DIFFERENCES BETWEEN THE LEADING REPORTING FRAMEWORKS / WHY DOES IT MATTER? / COMPLIANCE / WHERE TO START / TIPS ON PUTTING TOGETHER REPORTS / TIMELINES / HOW WATCHWIRE CAN HELP Sustainability & Energy Management Simplified