Sustainability Reporting
Sustainability reporting is becoming mandatory for companies, and it can be a process. While measuring direct emissions is relatively simple, reporting on indirect emissions (Scope 3) is much more challenging. However, these indirect emissions make up the majority of a company's carbon footprint.
Multiple Reporting Frameworks
Navigating the complex landscape of sustainability reporting can be challenging for companies due to the existence of multiple frameworks, each with its own focus and requirements. With frameworks such as IFRS S1 & S2, TCFD, SASB, UNGC, and GRI, it can be difficult to ensure all relevant information is captured and avoid confusion and inconsistency. However, with careful consideration and attention to detail, companies can successfully navigate this landscape and provide comprehensive sustainability reporting.
Multiple Compliance Regimes
The global landscape of sustainability reporting is becoming increasingly complex, with a patchwork regulations emerging across different regions. Companies operating internationally are facing a growing burden of complying with diverse reporting regimes, each with its own specific requirements. This makes it difficult for companies to achieve consistency and avoid redundancy in their sustainability reporting efforts.