Connecting EHS And Sustainability Disclosures For Organizational Objectives
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Sustainability historically focused on environmental indicators but has since evolved to encompass a broad range of environmental, social and governance issues. These metrics have become increasingly important in corporate reporting. Although primarily still voluntary, sustainability disclosures have become a competitive necessity in many industries, and help corporate stakeholders measure firms’ long-term value creation, outlooks and risks. Incorporating sustainability into the evolving EHS role can be viewed as extending internal EHS activities beyond a firm’s four walls to include the broader environment, local communities and society. This report serves as a lens for EHS managers to: 1) understand the key drivers and value behind the trend of integrated EHS & Sustainability (EHS&S) reporting; 2) highlight firms’ key activities in overcoming transitional challenges; and 3) create awareness of three scenarios of aligned reporting in business today.
Table of contentsConnecting EHS And Sustainability Disclosures For Organizational Objectives
Integrated Reporting Is Becoming Increasingly Important To The Long-Term Success Of An Organization
Firms Are Adapting Their Processes, Budgets And Organizational Structures To Align Reporting And Alleviate Key Challenges
Three Scenarios Can Be Used To Categorize The Maturity Levels Of A Firm’s Alignment Of EHS&S Reporting
Table of figuresFigure 1. Importance Of Reporting And Analytical Capability In Operational Risk Software
Figure 2. Three Scenarios Of EHS&S Alignment By (A) People, (B) Processes, (C) Technology And (D) Outputs