A lack of standardized sustainability reporting means there is a disconnect between what investors are looking for and what companies are communicating on environmental, social, and governance (ESG). This disconnect leads to frustration and missed opportunities. And as the world enters a pandemic-fueled recession, companies will need to be more deliberate than ever with how, where, and why they invest scarce corporate sustainability resources.
To address the challenge of providing increased quantity and quality of ESG data in a resource-constricted environment, companies must rethink their traditional reporting strategies to better engage investors. This means streamlining reporting to include ESG data that investors care about, in a more easily accessible and interpretable way, while leveraging new digital communication tools when possible.
In this Insights Paper, thinkPARALLAX provides sustainability practitioners with an alternative approach to traditional sustainability reporting better suited for today’s ESG investment landscape. This focuses on streamlining the reporting process while providing more valuable information to investors and capital providers. Readers will learn how this approach can help reduce time spent on reporting so that resources can be redirected towards programs aimed at advancing ESG goals and general future-proofing of their business.