News Formal

When it comes to sustainability reporting, it depends on how serious companies are about making change

  • 📰 physorg_com
  • ⏱ Reading Time:
  • 40 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 55%

Science News

Physics News,Science News,Technology News

Companies are facing pressure to become more open about how they do business. With income inequality, governance failures and the mismanagement of natural resource capital threatening both society and the environment, there are growing calls for more corporate disclosure and accountability.

When it comes to sustainability reporting, it depends on how serious companies are about making change

While the scope of sustainability reporting requirements is growing around the world, some companies choose to report voluntarily, using frameworks and. Whether or not it causes business practices to become more environmentally friendly and socially conscious remains a matter of debate.But if companies release sustainability reports just to meet the needs of external stakeholders, including regulators, it's unlikely to motivate internal changes to business operations.

"Just as an accounting standard cannot get a company to increase its profit by 10%, a sustainability disclosure standard … cannot get it to reduce its emissions by 10%.""what gets measured, gets managedSo, where does this leave us? If you are an investor, it's likely good news for you.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 388. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Survey finds 1 in 4 companies to increase mandatory in-office workdaysResume Builder, an online career resource, surveyed 756 business leaders to find out how their return-to-office policies will change in 2025.
Source: ExpressNews - 🏆 519. / 51 Read more »

For Companies, AI Is Actually A Chance For More Customer Contact, Not Less — Here’s WhyMike Murchison is CEO of Ada, an AI-powered platform transforming how brands around the world interact with the people that love them. Read Mike Murchison's full executive profile here.
Source: ForbesTech - 🏆 318. / 59 Read more »

Desperate For Power, AI Companies Look To The Nuclear OptionAlan Ohnsman is a Forbes senior editor who covers cleantech and advanced transportation. He joined Forbes in 2016 and works in Los Angeles. He co-authors the Current Climate newsletter, writes about promising clean energy developments and has covered Tesla since 2006, when he was with Bloomberg News. He has a graduate degree in journalism and a B.
Source: ForbesTech - 🏆 318. / 59 Read more »

Family offices are planning big investments in private companiesInvesting directly allows them to contribute their expertise and management advice to the portfolio companies, as well as their capital.
Source: NBCLA - 🏆 319. / 59 Read more »

Family offices are planning big investments in private companiesInvesting directly allows them to contribute their expertise and management advice to the portfolio companies, as well as their capital.
Source: CNBC - 🏆 12. / 72 Read more »

Fake online reviews negatively impact companies, consumersAnchor and reporter at News 5 Cleveland
Source: WEWS - 🏆 323. / 59 Read more »