Sustainability has emerged as the new corporate buzzword these days in light of the devastating impact of climate change. Beyond looking at a company’s profitability, investors nowadays are increasingly making hard-nosed decisions based on environmental, social and governance (ESG) considerations. That is, what companies are doing to foster sustainability. From the United States to Europe, and Hong Kong to Singapore, several bourses around the world have implemented sustainability reporting.
For publicly-listed firms in these markets, prepping for sustainability reports can definitely be a bit of a hassle. But rather than viewing these reports as a purely compliance issue, well-crafted sustainability reports offer companies numerous advantages. They not only showcase your firm’s initiatives in the environmental and social sphere, but also offer a platform for securing trust with stakeholders, helping to build your firm’s reputation and offering a competitive advantage in terms of attracting investment and entering new markets. Using the right words can make the difference between a sustainability report that sits in a drawer or one that opens up dialogue with stakeholders and demonstrates leadership, openness and accountability.
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