Sustainablity Advisory

1. Sustainable Reporting
2. Carbon Foot printing

Introduction: What is Sustainability reporting?
"Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs".
-- UN Brutland Commission, 1983

Sustainability Reporting
A sustainability report is an organizational report that gives information on company’s environmental, social and economic performance and impacts and the initiatives for improving performance in these areas. It is a major tool in managing change towards a sustainable global economy – one that combines long term profitability with social justice and environmental care. As stakeholders of organizations demand more transparency from profit and not-for-profit entities, environmental and sustainability reporting is a means to address this demand.

Why sustainability reporting is important to business
Performance-based reporting responds to stakeholder desires for “robust data clearly showing progress over time on specific issues, a proven track record of actions to achieve goals, and a clear link between sustainability and business strategy”. The report also shows to stakeholders who demand data to back performance claims, essentially withholding trust unless they see quantitative evidence of impact. What performance-based reporting does not address is a company’s forward strategy – that is, reporting as a means to discuss future challenges and to invite others to co-create solutions. Sustainability holds that the best reports mix numbers, stories and learning. One of the strongest arguments in favor of disclosure lies in the value creation opportunities that may emerge for companies willing to take a thoughtful look at their current and potential sustainability initiatives.

Communication of business performance on sustainability, in the most effective way to meet stakeholders’ needs, can contribute to:

» building trust among customers, suppliers, employees and the local community
» strengthening the credibility and reputation of companies
» maintaining their competitive advantage
» preserving existing customers and helping to win new ones in B2C (business to consumer) and B2B (business to business) relationships
» increasing the acceptance of the company in and by the local community and creating a good basis on which disputes can be resolved constructively and successfully
» helping companies to attract and retain the best employees
» empowering employees to identify business risks and optimize processes
» fostering investment in a world competing for access to funds
» supports company strategy and shows commitment to sustainable development
» serves as a guide to CSR and environmental programs, which facilitates continuity in the face of turnover and organizational shifts
» enables companies to identify and address business risks and opportunities; understanding risks and dealing with those risks appropriately saves companies time
» money and avoids loss of reputation
» ensures transparent communication and engagement with stakeholders in respect to the company’s sustainability performance and provides the consumer and
» other interest groups with all the relevant information to make informed choices

Thus sustainability reporting improves communication, trust and reputation with

  • All stakeholders, including investors, credit agencies, customers, employees, and business partners.
  • Helps to attract capital from green investors by identifying new markets and business opportunities and
  • Demonstrates the long-term, sustainable financial value of an organization.
  • The Reports can also be used for:

    » Benchmarking and assessing sustainability performance with respect to laws, norms, codes, performance standards, and voluntary initiatives
    » Demonstrating how the organization influences and is influenced by sustainable development expectations
    » Comparing performance within organizations & between different organizations over time

    The process of Reporting and Publishing the Sustainability Report:
    Businesses that aren’t currently creating a CSR report are missing an opportunity to communicate their impact in an open and honest way that stakeholders are demanding. A CSR report is an essential piece of any responsibility effort, but getting started can seem like a daunting task.

    Start with a Tiny Step
    Reporting efforts don’t have to be a massive undertaking. To get started with creating your first report look at where your business makes the greatest impact: good or bad. Sustainability may touch many parts of your company, but by starting small and focusing on what matters most, you can avoid some of the challenges of a more comprehensive report while establishing the processes and systems that can later translate to a larger report.

    Once you’ve identified the areas of focus of your report, develop a plan that addresses who you’re talking to. What does your audience care about, what do you want them to know, how do you want them to feel, why does it matter, and how best do you reach them? A plan will help you identify those material issues that matter most to your audiences as well as guide the way you distribute your report.

    Accumulate the Data
    The value of a sustainability report comes from communicating the actual impact of your sustainability efforts. To do this, you need data. A great place to start is by reviewing the Global Reporting Initiative framework. The GRI is the gold standard of sustainability reporting and can provide guidance on the metrics to be used in reporting. At the same time, to differentiate and benchmark your efforts, evaluate organizations and competitors that are leaders in sustainability. Identify the metrics they are using, and the metrics recommended by the GRI framework, and select those that are most relevant.

    Who should be involved?
    While creating a dedicated team, including executive leadership, is the ideal way to ensure that sustainability efforts are built into the organizational structure, few companies have the ability to dedicate resources exclusively to sustainability. One approach is to create a team of passionate individuals from throughout the organization that can act as sustainability champions, encouraging a culture supportive of your reporting initiatives and gathering the data needed..

    Communicate it to the world
    Once you’ve finished the heavy lifting of your first report, it’s time to spread the word. Sustainability reports can take many forms, but two popular options for a first report are an online PDF or a microsite within your corporate website.

    And remember, feedback is the key to improving report over time – reach out and listen to what your audiences think about your report so you can incorporate those perspectives in your process and your next round of reporting.

    Don’t give up
    The first sustainability report is always the hardest, but once the process is in place, it’s easier to add more information and grow the report year after year. Each year, review possible metrics to add and establish the data stream to feed it. A successful report sets clear goals, and reports against those goals.

    Our Service in helping the Clients Report
    We as a service provider carry out the entire process detailed above from end-end. i.e from identification of key areas for the report to publication of report. Our sustainability team helps clients protect and enhance their shareholder value by integrating sustainability risks and opportunities into core strategy and operations. We also advise them on climate change related issues. We help our clients define their climate strategies, plan and implement various management systems related to climate change, environment, Energy etc.

    Carbon Footprint Assessment
    We provide a range of carbon management services including assessing your carbon emissions, verifying your own calculations, through to providing high quality carbon offsets to make your business carbon neutral. We also provide support in green marketing to ensure you avoid the common pitfalls and capitalize on your green investment.

    Our team will conduct a detailed study of your business functions, covering all aspects of energy, travel, transport and process emissions. With the results of the study, the carbon reduction proposal is crafted, thereby identifying financial benefits through operational cost savings.

    We provide reports by
    1. Understanding the client's vision and their purpose of carbon offset
    2. Calculating & reviewing of the organization's Carbon Footprint
    3. Recognize the required level of offset and design the reduction strategy
    4. Reach the offset target through implementation of carbon minimizing strategies and
    5. Developing system towards consistent results