Sustainability reporting and environment, social and governance (ESG) disclosures are on the rise around the globe — we’ve seen increased regulation in Asia, it has become expected practice in Europe, and investors in the United States are increasingly using this information to inform their decision-making.

Over the past year, at BSR they have been working with over 20 companies to explore and influence this field through our Future of Reporting collaborative initiative. This group of companies seeks to shape the future of reporting by sharing reporting best practices, exploring ways to improve the decision-usefulness of reports and informing the work of various reporting organizations.

These are the five innovations that we would like to see improve reporting and disclosure:

1. More reporting practitioners shaping the future

2. More companies and investors quantifying impact

3. More application of TCFD recommendations

4. More involvement of ESG disclosures

5. More sustainability details on financial disclosures