Writing a sustainability report
Madrigal Communications has significant experience in helping organisations to write their sustainability reports. Shareholders and stakeholders are now more and more focussed on their organisation’s environmental performance. So, in response, many businesses are choosing to broaden their annual reporting, which focusses on finance and business success, to creating a sustainability report that provides broader information about economic, environmental, and social performance.
The Madrigal approach to the sustainability report—Global Reporting Initiative (GRI)
Madrigal Communications uses the Global Reporting Initiative (GRI) to develop sustainability reporting for organisations. GRI uses a comprehensive sustainability reporting framework that is being used around the world as a standard to create the sustainability report for organisations. A sustainability report includes information on an organisation’s economic, environmental, and social performance.
The GRI Sustainability Reporting Guidelines offer reporting principles, standard disclosures and an implementation manual for preparing a sustainability report. The guidelines are adaptable to organisations of any size, sector or location. The guidelines provide an international benchmark for all organisations interested in disclosing their governance approach and their environmental, social and economic performance.
Disclosing sustainability information fosters cultures of transparency and accountability. It also helps in managing risks. Reporting with the GRI Standards supports companies in protecting the environment, improving their society, while continuing to maintain economic growth. By preparing a sustainability report an organisation aims to improve governance and build greater trust with their stakeholders.
What is a sustainability report?
A sustainability report is a published document given to shareholders by public corporations as an official disclosure of their environmental, social and financial performance. It allows shareholders to assess the success of the organization.
Government departments, agencies and other bodies, may also produce sustainability reports that report on how well the organisations are achieving specific objectives and meeting broader, whole-of-Government objectives (such as energy saving, waste reduction, anti-discrimination initiatives, etc).