Sustainability reporting is a method to internalize and improve an organization’s commitment to sustainable development in a way that can be demonstrated to both internal (e.g., employee and managers) and external stakeholders (e.g., shareholders, suppliers, customers)
Why Sustainability Reporting Is Important?
As more stakeholders make choices based on ESG criteria, the stronger are the incentives for companies to change behavior and improve their ESG outcomes
Companies with better sustainability records would be rewarded, generating pressure on those that lagged
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