The purpose of ESG reporting is to communicate a company’s environmental, social, and governance (ESG) impacts and performance to investors, regulators, and employees. ESG reporting can help companies:
- Be more transparent: ESG reporting helps companies be more transparent about the risks and opportunities they face.
- Measure performance: ESG reporting measures a company’s performance against industry benchmarks.
- Identify risks and opportunities: ESG reporting can help companies identify potential risks and opportunities.
- Comply with regulations: ESG reporting helps companies comply with the different ESG disclosure requirements in each region.
- Become more sustainable: ESG reporting helps companies become more sustainable.
- Gain a competitive advantage: ESG reporting can help companies gain a competitive advantage over their rivals.
- Attract investors and lenders: ESG reporting can help companies attract investors and lenders.
- Improve financial performance: ESG reporting can help improve a company’s financial performance.
- Build customer loyalty: ESG reporting can help companies build customer loyalty.
- ESG reporting typically includes key performance indicators (KPIs) and metrics.
- Smartz Safety provides support doing annual ESG and Sustainability reporting for clients achieve their sustainability improvement
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