To respond to pressing global issues and delivering on corresponding Governments policies, public sector entities and public benefit organisations are embracing and implementing a range of sustainability and climate initiatives. In addition, the manner, nature and extent of sustainability reporting is evolving which requires companies and organisations (be they public, private or non-profit) to report beyond the financials and product or service delivery performance. More is expected of organisations today than has been the case heretofore, including, how they interact with the environment, with the local community, how they treat their staff and stakeholders and other factors.
Sustainability reporting can incorporate environmental considerations (e.g. energy usage and savings, waste, carbon footprint), social considerations (e.g. gender pay metrics, Human Rights, support of staff development and well-being) and governance considerations (e.g. transparency, ethics, code and statutory compliance), and gives stakeholders a better picture of the health of the company or organisation encapsulated in its triple bottom line (TBL).