“There are too many external reporting entities out there.” It’s a common refrain heard among sustainability and CSR professionals these days. Whether you’re looking at the external raters and rankers that seek to stack companies up against their peers, or the standards setters like GRI and SASB, we can all agree that there’s an abundance of organizations in the environmental, social, governance (ESG) reporting game. I, too, have shared in this sentiment, whether speaking among friends at a conference or as part of industry panel discussions; everyday, it seems, a new organization or framework emerges, asking on behalf of clients, investors, or even society more broadly, for information about your company’s ESG performance and strategy. Managing lengthy questionnaires or responding to these requests on tight deadlines can feel overwhelming, particularly if the effort and resources needed to participate outweighs the value.
Read the full article by Julia Wilson, Director of Global Responsibility & Sustainability at Nielsen.