9-step Methodology To Sustainability Reporting
Company Reporting Strategy
• A well-defined reporting strategy helps articulate the company's sustainability objectives, targets, and performance indicators, providing a roadmap for continuous improvement.
• The reporting strategy enables the integration of sustainability into core business practices, enhancing long-term resilience and competitiveness.
Establish Controls & Governance
• Robust controls and governance structures ensure the accuracy, reliability, and integrity of sustainability data and reporting processes.
• Clear accountability and oversight mechanisms enhance transparency and trust among stakeholders, mitigating risks associated with inaccurate or incomplete
sustainability reporting.
Assurance & Verfication
• Independent assurance and verification validate the accuracy and credibility of sustainability reports, enhancing transparency and stakeholder confidence.
• Assurance processes provide assurance to investors, regulators, and other stakeholders, demonstrating the company's commitment to integrity and accountability
in sustainability reporting.
Internal & External Consultation
• Internal consultation ensures alignment with organizational goals and values, fostering a culture of sustainability throughout the company.
• External consultation involves stakeholders such as investors, NGOs, and communities, ensuring diverse perspectives are considered and enhancing transparency
and credibility in sustainability reporting.
Materiality Assessment
• Materiality assessment identifies key sustainability issues that are relevant to stakeholders and have significant impacts on the company's performance and reputation.
• Prioritizing material issues informs decision-making processes and resource allocation, focusing efforts on areas where the company can make the most significant positive impact.
Design & Publish Sustainability Report
• We utilize Diginex, the world's first globally accredited blockchain-enabled ESG platform, to expedite and simplify companies' ESG journeys. Its materiality assessment tool helps identify ESG topics via industry-specific recommendations and stakeholder surveys, facilitating direct reporting on results. With its ISO Certified ESG platform, your data is securely managed, featuring advanced capabilities like blockchain-enabled audit logs and evidence management for transparency.
Select Standards & Metrics
• Choosing recognized standards and metrics ensures consistency and comparability of sustainability performance across industries and stakeholders.
• Selecting appropriate standards and metrics facilitates benchmarking against industry peers, fostering accountability and driving continuous improvement in
sustainability practices.
Data Collection & Analysis
• Systematic data collection and analysis provide insights into sustainability performance trends, enabling evidence-based decision-making and target setting.
• Utilizing advanced analytics and technology enhances the efficiency and accuracy of data collection processes, enabling real-time monitoring and proactive
management of sustainability risks and opportunities.
Communication to Stakeholders
• Transparent and timely communication of sustainability performance fosters trust and credibility with stakeholders, enhancing the company's reputation and brand value.
• Engaging stakeholders through multiple channels and formats ensures that sustainability messages resonate with diverse audiences, encouraging dialogue, and collaboration towards shared sustainability goals.