An effective and systematic reporting process is important to create a high quality sustainability report. At the center of report creation lies the data collection process, along with the management and usability of this data.
Creating a sustainability report of high quality is crucial for companies because the market value of sustainability data is increasing. This can be seen in the increasingly frequent information requests to companies from shareholders and customers. It is also evident from the number of legal or statutory requirements on published and material data in many jurisdictions, which has raised the reporting bar for many companies.
However, obtaining and analyzing accurate and timely data remains cumbersome for most organizations. If a company wants to gain value from its reporting process, it is vital that it can effectively identify, collect, validate, aggregate, and analyze information for the needs of all its stakeholders. Luckily, the landscape of digital solutions available for these steps of the reporting process has been growing and evolving. Reporters can tap into these solutions to make their data collection processes more efficient.
How can digital tools be leveraged to enhance the sustainability reporting process?
In collaboration with ERM, The Global Reporting Initiative (GRI) undertook this question and convened the Corporate Leadership Group on Digital Reporting to explore how common challenges in the reporting process can be tackled through digital solutions.
Learn about the four areas of opportunity identified for the application of digital solutions and other outcomes of the Corporate Leadership Group on Digital Reporting in this briefing paper.