5 rules for accurate and clear ESG reports

How companies track and share progress beyond quarterly or annual financial reporting has been in a state of rapid evolution for well over a decade. From documenting sustainability efforts, to launching global responsibility platforms, to environmental, social and governance (ESG) reporting, investors — and everyday customers alike — increasingly analyze these non-traditional factors to determine their support of, and involvement with, a company.

The layers of responsibility that ESG reports can cover have become anything but “non-traditional” — if channeled properly, the reports may contribute greatly to an organization’s financial health, reputation and long-term stability.

Whether you’re new to this world of ESG reporting or a trailblazer from the beginning, the following five best practices will help build stakeholder trust and value:

1. Root your commitments in areas where your greatest strengths and opportunities exist.

Not everyone can do everything, but your organization likely can move the needle in specific areas depending on the type of business you operate, and the infrastructure, people and partnerships you already have in place.

And the word “partnerships” is key, as collaborating with others has the potential to spread the impact beyond the walls of your organization.