10 Mistakes of Corporate Sustainability Reporting

Corporate sustainability reporting has been enacted in many large companies as a way to track energy usage. When done incorrectly however, CSR can do more harm than good. Here are ten mistakes to avoid for your CSR report:

  • Weak goals: know what success looks like for your company and build your CSR around that
  • Mismanaged data: collect good data, and assign responsibilities to trained people to check for accuracy
  • Disordered priorities: prioritize sustainability in the CSR reports as well as financial performance
  • Discounting feedback: take advice from third parties such as auditors
  • Breaking the rules: good reporting should follow a trusted framework or guideline
  • Tenuous comparisons: know how sustainable you are compared to your industry peers, not your own benchmarks
  • Unreachable targets: make your targets relevant and aggressive, but still achievable
  • Underreporting: communicate your progress in a variety of ways and in different media
  • Thinking short-term: don’t turn down a sustainable opportunity because of a higher price tag or longer ROI
  • Inadvertently greenwashing: don’t focus solely on the positives; make reporting meaningful by acknowledging areas for improvement

Source: Greenbiz.com

 

By Gaylen Davenport

This entry was posted in Blog, Business, Green News and tagged , , on by .

About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.

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