Sustainability Roundup – May 2017
Most sustainability disclosures still take the form of static, text-dense reports, usually delivered on an annual basis, that tell without showing. Reports are impressive exercises in data presentations, charts and flashy infographics full of big numbers, but they’re not as effective for keeping the general public aware of progress in a way that’s timely or accessible. This is inspiring companies to experiment with new, highly visual storytelling methods. Read more
Mel Wilson, a Partner and National Leader at Sustainable Business Solutions at PwC Canada, not only completed a doctoral research on the topic of sustainability reporting, but he has also worked on well over 100 different sustainability reporting and assurance engagements with companies in many sectors. Over this time, he learned many lessons and reporting tips, which he shares in this article. Read more
The business world, historically more concerned with financial reporting, is increasingly realizing that measurement and tracking of non-financial resources helps identify risks and opportunities that can greatly affect a company’s ability to create and preserve long-term value. More global organizations are beginning to elevate sustainability reporting towards a level equal to their standard financial reporting processes. Read more
Companies spend millions or billions of dollars directly on energy each year, and millions more indirectly on supply chain, outsourcing, and logistics costs. Yet outside the most energy-intensive industries, the majority of firms approach energy as merely a cost to be managed. This is a strategic mistake that overlooks enormous opportunities to reduce risk, improve resilience, and create new value. Read more
More and more companies are recognizing that climate change and clean energy targets are an important part of a company’s environmental sustainability program. 48% of Fortune 500 companies have at least one climate change or clean-energy target, an increase from years past. These findings and more are from a joint report from the World Wildlife Fund, Calvert Investments, CDP and Ceres. Read more
Corporate carbon accounts could be delivering inaccurate results that undermine efforts to curb greenhouse gas emissions. According to a new report from consultancy WSP Parsons Brinckerhoff, many businesses are failing to adequately account for the significant daily and seasonal fluctuations in energy-related carbon emissions. Read more
Some companies already embrace the 17 Sustainable Development Goals (SDGs) as their environmental and social goals. Other companies hesitate, in case attaining some or all of the goals’ targets by 2030 would be at the expense of company success. However, attaining the SDG-related targets by 2030 would open up at least 60 market “hot spots” worth up to $12 trillion a year in business savings and revenue opportunities in four economic systems: food and agriculture, cities, energy and materials, and health and well-being. Read more
Many corporations don’t realize the connection between nonfinancial performance and investor behavior. To bridge the gap, EY surveyed more than 320 senior decision-makers at buy-side investment institutions around the world for its third annual Climate Change and Sustainability Services (CCaSS) survey. The research revealed that investors are increasingly using nonfinancial performance to draw conclusions on value and to better inform their decisions, since it’s often a sign of operational excellence if a company shows they are handling environmental, social and governance (ESG) issues well. Read more
When it comes to key business drivers, which include investors, consumers, employees, and markets, it’s clear that climate ambition is a growing requirement for companies. This article provides four business driver trends that you should know as you explore how to implement climate strategies that support a low-carbon economy. Read more
As stewards of capital, today’s CFOs have a unique opportunity to oversee far-reaching sustainability efforts in business. Emerging regulation and operational risk globally are driving increased attention to measuring and managing sustainability-related performance. The evidence is growing that firms that capitalize on this trend end up becoming more efficient, more competitive and better long-term creators of value than firms that do not. Read more
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