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HomeHomework Helpenvironmental-scienceSustainability Reporting Standards

Sustainability Reporting Standards

A set of guidelines and principles that organizations follow to report their social, environmental, and economic impacts, promoting transparency and accountability in their sustainability performance

intermediate
3 hours
Environmental Science
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Overview

Sustainability reporting standards are essential tools that guide organizations in disclosing their environmental, social, and governance performance. These standards, such as GRI and SASB, help ensure transparency and accountability, allowing stakeholders to make informed decisions. By adhering to ...

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Key Terms

Sustainability
Meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Example: Using renewable energy sources is a sustainable practice.

ESG
Environmental, Social, and Governance factors that measure a company's sustainability and ethical impact.

Example: A company with strong ESG practices may have lower risks and better long-term performance.

Global Reporting Initiative (GRI)
An international independent organization that provides a comprehensive framework for sustainability reporting.

Example: Many companies use GRI standards to report their sustainability efforts.

Sustainability Accounting Standards Board (SASB)
An organization that develops and maintains sustainability accounting standards for different industries.

Example: SASB standards help investors understand the sustainability risks of companies.

Integrated Reporting
A holistic approach to corporate reporting that combines financial and non-financial information.

Example: Integrated reports provide a complete view of a company's performance.

Stakeholders
Individuals or groups that have an interest in the activities and performance of an organization.

Example: Employees, customers, and investors are all stakeholders.

Related Topics

Corporate Social Responsibility
The practice of companies taking responsibility for their impact on society and the environment.
intermediate
Environmental Management Systems
Frameworks that help organizations manage their environmental responsibilities.
intermediate
Climate Change Mitigation
Strategies and actions aimed at reducing greenhouse gas emissions.
advanced

Key Concepts

ESG ReportingGlobal Reporting InitiativeSustainability Accounting Standards BoardIntegrated Reporting