Author: Candice Goldsmith
The reasons behind continued adoption of GRI and CDP are
clear- 95% of the Global 250 companies report that sustainability and carbon
disclosure (through the CDP) is viewed by over 650 institutional investors as
an indicator of business health. Cynthia Figge, Partner and Cofounder of EKOS International and COO and Cofounder of
CSRHUB, and Russell
S. Barton, Ph.D., Partner and Cofounder of EKOS International, highlighted the importance of these emerging standards during the
Tools for Tomorrow event on March 21, 2013 by discussing that today’s business
environment is driven by customer’s expectations, stakeholder interest, as well
as ratings, requirements, and standards.
The ultimate goal is to use sustainability reporting as a
framework to drive continuous improvement; enrich the brand; deepen
relationships with suppliers, employees, community, and customers; and increase
value for the triple top line including less waste, improving employee
relations, and increasing profits.
Benefits
There are two primary categories that explain why companies
are starting and continuing to report: external and internal benefits.
