Sustainability reporting is often seen contradicting with sustainability strategy though experts have said that this should not be seen as competition as both are important in their aspects. Business leaders have been giving mixed opinions about producing a sustainability report because it often calls for long term investments that can be different from sustainability strategy but it helps promote a good and fair business as it boosts quality of goods produced.

An annual reporting has its base in an yearly comparisons and analysis of latest trends of business yet having inculcated a practice of sustainability reporting can attract investments from external investors.

The words used in these reports need to be selected wisely as they need to be simple for report users who may not be fully aware of technical terms and may misinterpret them. Even though a business works mostly on tangible factors and resources the reports must create image of a fair and inspired reason for sustainability reporting.

Source: BSR

Picture credit to:Sven Schlager