Sustainability Reporting And Investors Quest

By Author: ge 3s
Total Articles: 39

The Global Reporting Initiative (GRI) is working on a white paper that further evaluated water and carbon emissions. The paper looks at these disclosures from the point of view of expectations and perceptions of the investor as well as the procedure and practice of reporting on water and GHGs.
Global warming and climate change one of the greatest challenges that humanity is facing at the moment. Significant proportion of the GHG emissions come from the private sector companies, therefore it is essential that the private sector looks at low carbon development closely and implement measures to reduce the GHG intensity of their operations, services, and products.
In the recent past, several organizations have also aligned their reporting practices with the United Nations Sustainable Development Goals (UNSDG) and the United Nations Global Compact (UNGC). UNSDGS are a set of seventeen goals that have been set to achieve sustainable development for the world, the goals range from water, health, women empowerment, poverty hunger to energy and GHG etc. The UNGC is a voluntary and non-binding pact of the United Nation. It encourages organizations and corporates across the globe to subscribe to the sustainable and responsible way of doing business. The companies who sign up to UNGC are expected to report on the progress on an annual basis to UNGC.
The UNGC has 10 principles covering human rights, anti-corruption, labor, and environmental issues. There are thousands of companies who have subscribed to UNGC and are reporting consistently. Many organizations seek the assistance of sustainability reporting consultant who guides them through implementing policies and procedure in line with UNSDG and UNGC requirements.
It has also been seen that investors consider the sustainability performance of companies an important element of their investment-related decision-making process. We as sustainability reporting consultants ensure that This has further accelerated the need by the private sector to report on environmental performance such as water and GHGs and show continual improvement in their performance. Therefore, the private sector is actively participating in reducing GHG emissions and energy intensity in order to combat climate change and position themselves as a sustainable brand.
GRI’s paper looks into four types of information that an investor seeks into sustainability disclosures of an organization. GRI undertook interviews and identified that the reports failed to satisfactorily report on water and GHG emissions in the supply chain of the company which is also called as the scope 3 emissions.
As a sustainability reporting consultant and also as carbon advisor GE3S has assisted its clients in estimating GHG emissions from all three scopes of emissions including the scope three emissions. We have provided tools and undertaken capacity development of our clients so that they may undertake GHG assessments themselves and report on all 3 scopes of emissions.

GE3S is a leading environment, energy and sustainability advisor trusted by 100+ companies in the region. Our core team has been working in the middle east for many years across sectors and geographies http://www.ge3s.org/