A practical guide to enable companies to better measure and report on their impact on the Sustainable Development Goals (SDGs) was elaborated by the Global Reporting Initiative (GRI) and the United Nations Global Compact and is intended to aid businesses in incorporating positive environmental, social and governance practices.
The publication, Integrating the SDGs into Corporate Reporting: A Practical Guide, helps companies of all sizes to prioritize SDG targets to act and report on, set related business objectives, and measure and report on progress.
The 17 SDGs are anticipated to generate over US$12 trillion worth of business opportunities by 2030, which makes thousands of small and large companies around the world well incentivized to work towards achieving the goals.
However, the lack of a uniform methodology for measuring and reporting on their contributions to the Global Goals had become hard to assess.
This Practical Guide serves as a toolkit to boost and improve businesses’ reporting on the Global Goals and their efforts to achieve the 2030 Agenda.
This guide helps businesses move beyond the current trend of simply mapping activities and programs against the SDGs to driving change.
The published guide does not create a new reporting framework but builds on the Ten Principles of the UN Global Compact, the UN Guiding Principles on Business and Human Rights, and the GRI Sustainability Reporting Standards.
It discourages businesses from selecting SDGs and related targets based on what is easiest for them to report on. Rather, companies should focus on what accounts for the highest priorities and, therefore, is material for their business.
The report calls for companies to report on both their positive and negative impacts on the SDGs. “By reporting on actions, contributions and impact towards the Sustainable Development Goals, businesses can address the information needs of Governments, investors and other stakeholders and enhance their accountability to society.
Integrating the SDGs into Corporate Reporting: A Practical Guide follows an approach aligned with the Ten Principles of the UN Global Compact, the UN Guiding Principles on Business and Human Rights, and the GRI Sustainability Reporting Standards.
It guides businesses to conduct a principled prioritization of relevant Sustainable Development Goals and targets for their business.
This publication is part of the work of the Action Platform on Reporting on the SDGs and it was developed in close collaboration with partner organizations and businesses.
The publication is meant to be used together with other relevant tools released by GRI, the UN Global Compact and their partners as part of a company’s regular reporting cycle.
- Business Reporting on the SDGs: An Analysis of the Goals and Targets lists qualitative and quantitative disclosures for SDG targets that are likely to be relevant to businesses regardless of size, sector or operating location. It also lists illustrative actions that businesses can take to contribute to the achievement of the targets.
- In Focus: Addressing Investor Needs in Business Reporting on the SDGs provides additional information about investor-relevant aspects of corporate SDG reporting.
Sustainable Frontier by Responsible-Investors is a program that looks to help businesses and corporations implement these road maps and guidelines. In line with current market trends, there is great scope to add further value to end customer and gain a competitive advantage in the market place by implementing positive environmental, social and governance initiatives.
Sustainable Frontier also looks to help corporations monitor an report progress made in these areas.
Strategic perspective by Responsible-Investors