General sustainability-related disclosures
Climate-related disclosures
Help companies in their carbon reporting
Supply (value) chain reported disclosures
Greenhouse emissions and climate-related disclosures
Reporting
Sustainability reporting began as a direct consequence of public demand for more ethical behaviour by businesses. Governments, international organizations regulators and investors are now instituting laws, and practices that demand companies to publish these reports publicly. The European parliament in 2022 passed the Corporate Sustainability Reporting Directive (CSRD), Securities and Exchange Commission (SEC) in the United States, and the International Financial Reporting Standards (IFRS) Foundation are working to align their metrics to ensure companies are able to implement effective ESG reporting globally. ESG reporting has become so mainstream that more than 90 percent of S&P 500 companies now publish ESG reports in some form, as do approximately 70 percent of Russell 1000 companies.
These reports are public reports by companies to provide internal and external stakeholders with a picture of their corporate position and activities on economic, environmental and social matters. They provide verifiable information to governments and regulators to describe how ethical and responsible that company is. Further, Companies publish sustainability reports to achieve legitimacy, meet certain regulatory requirements, avoid sanctions, reduce operating costs, or enhance relations between stakeholders.
With more than 120,000 sustainability reports currently available publicly (Corporate Register, 2020) and ranging from 50 to 100 pages each (WBCSD, 2018), it is humanly difficult to sift through the potentially thousands of pages of reports to extract insights in corporate sustainability performance. This is where Soptics platform becomes useful. The platform will serve as a database for reports to give easy access, offer a standardized approach for easy comparison and search, partner with you to develop and publish your ESG reports. Further the Generative AI tool will identify gaps in your ESG strategies and the company will partner with industry specialists to Guide you to achieve your sustainability Goals.
