1.6 Drivers Of Sustainability Report Essay
1.6 DRIVERS OF SUSTAINABILITY REPORTING
A business cannot succeed in isolation. There are various stakeholders involved in the success of a business. Sustainability Report though is a form environmental reporting can be effectively designed only with the support of various stakeholders. Following diagram depicts various stakeholders who drive the company in the preparation of the sustainability report.
Figure 1.2 Drivers of Sustainability Reporting
Source: www.globalreporting.org
Gist of G4 guidelines:
G4 provides the framework to design the Sustainability Report of an organization. It outlines the various steps involved in designing the report, The following diagram will help us to understand the flow of the process:
Figure 1.3:G4 Guidelines …show more content…
Defining Report Content, Quality, and Boundary
This section provides Reporting Principles and Reporting Guidance regarding defining report content, ensuring the quality of reported information, and setting the Report Boundary. Reporting Guidance describes actions that can be taken, or options that the reporting organization can consider when making decisions on what to report on, and generally helps interpret or govern the use of the GRI Reporting Framework. Guidance is provided for defining report content and setting report Boundary.
Reporting Principles describe the outcomes a report should achieve and guide decisions throughout the reporting process, such as selecting which topics and Indicators to report on and how to report on them. Each of the Principles consists of a definition, an explanation, and a set of tests for the reporting organization to assess its use of the Principles. The tests are intended to serve as tools for self-diagnosis, but not as specific disclosures to report against. Tests can, however, serve as a reference for explaining decisions about the application of the
A business cannot succeed in isolation. There are various stakeholders involved in the success of a business. Sustainability Report though is a form environmental reporting can be effectively designed only with the support of various stakeholders. Following diagram depicts various stakeholders who drive the company in the preparation of the sustainability report.
Figure 1.2 Drivers of Sustainability Reporting
Source: www.globalreporting.org
Gist of G4 guidelines:
G4 provides the framework to design the Sustainability Report of an organization. It outlines the various steps involved in designing the report, The following diagram will help us to understand the flow of the process:
Figure 1.3:G4 Guidelines …show more content…
Defining Report Content, Quality, and Boundary
This section provides Reporting Principles and Reporting Guidance regarding defining report content, ensuring the quality of reported information, and setting the Report Boundary. Reporting Guidance describes actions that can be taken, or options that the reporting organization can consider when making decisions on what to report on, and generally helps interpret or govern the use of the GRI Reporting Framework. Guidance is provided for defining report content and setting report Boundary.
Reporting Principles describe the outcomes a report should achieve and guide decisions throughout the reporting process, such as selecting which topics and Indicators to report on and how to report on them. Each of the Principles consists of a definition, an explanation, and a set of tests for the reporting organization to assess its use of the Principles. The tests are intended to serve as tools for self-diagnosis, but not as specific disclosures to report against. Tests can, however, serve as a reference for explaining decisions about the application of the