Is your business considering sustainability or corporate social responsibility (CSR) reporting? What will it be: CERES? GRI? CDP? FRP? A4S? WBCSD? Or IIRC?
Phew. That’s a lot of acronyms for what’s really a simple premise: reporting on sustainability and CSR data to stakeholders and the public at large. The above organizations are all associated with voluntary reporting frameworks that organizations can use to standardize sustainability and CSR reporting. While the frameworks differ in scope, to sort out any potential confusion, here’s a quick rundown of each:
For the forward-thinking organization, IIRC is probably the best route. However, if you’re just beginning to consider sustainability and CSR reporting and don’t want to worry about stringent framework requirements yet, start by capturing, tracking, and reporting on environmental data and essential sustainability metrics. It’s a simple start that will make the leap to full-fledged reporting easier in the long run.
In the meantime, check out One Report: Integrated Reporting for a Sustainable Strategy (Robert G. Eccles and Michael P. Krzus) for more information about integrated reporting.