Benefits of Reporting
An effective sustainability reporting cycle, which includes a regular program of data collection, communication, and responses, should benefit all reporting organizations, both internally and externally.
Internal Benefits
Internal benefits for companies and organizations can include:
- Develop vision and strategy on sustainability
- Improves management systems, internal processes and set goals
- Identify weaknesses and strengths,
- Attract employees and investors
- Leadership and competitive advantage
External Benefits
External benefits of sustainability reporting can include:
- Transparency and dialogue with stakeholders
- Demonstrate commitment to sustainability
- Enable comparability and benchmarking
- Brand, trust, respect and reputation