Nowadays, there is largely a unanimous agreement on the necessity for companies and organizations to disclose their non-financial performance via annual reports or sustainability reports. Environmental, Social, and Governance (ESG) reporting has become a common part of the corporate reporting calendar of most organizations, although the framework that individual companies choose may vary for different reasons.
Governments, businesses, financial institutions, and stakeholders expect to have access to the information listing a company’s ESG risks and actions taken to mitigate them. With a multitude of global frameworks available, choosing the correct ESG framework for your company can be a complicated task.
Today, we will look briefly into some of the factors, parameters, and metrics to be taken into consideration before choosing a particular ESG framework. In addition, we will briefly describe 14 different ESG benchmarks or frameworks that are most popular the world over.
The list above shows that there are multiple benchmarks, frameworks, and standards that vary in the scope of ambitions, methods, and processes taken to achieve and disclose information. Companies must be judicious in their decision on which framework to use for reporting depending on circumstances, use-case, etc.
Even once the framework (or combination of frameworks) is selected, and the date to disclose has been collated, assessed, and mapped to align with 2 or 3 frameworks – companies can still find it difficult to use this information effectively and convey their message to stakeholders.
To overcome this situation, many companies partner with specialized design agencies with specific skill sets that are ideal for creating business reports such as annual reports, integrated reports, sustainability reports, ESG reports, etc. One such agency is Report Yak, with decades of experience and reports that have won the auspicious LACP awards. Check out our showcase here and feel free to reach out to us at the earliest. We’d be happy to get our expert team to help plan your next report.
environmental and social initiativesEnvironmental sustainability +4
corporate reportingEnvironmental sustainability +9
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