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Environmental footprint reporting provides a clear framework to track and improve your sustainability performance. By understanding your impact, you can set and achieve meaningful goals.
Transparent reporting on your environmental impact builds trust with stakeholders who value sustainability. Show your commitment to a greener future and strengthen your relationships.
Businesses that measure and report on their environmental footprints are seen as leaders in sustainability. This positive perception can enhance your reputation and attract eco-conscious customers.
Environmental footprint reporting empowers your business to make informed, data-driven decisions that reduce impact, drive sustainability, and uncover new growth opportunities.
While not mandatory in all countries, reporting on environmental footprints is becoming increasingly important globally. Forward-thinking companies understand the value of integrating environmental impact assessments into their strategies. By proactively reporting, they not only meet emerging regulations but also enhance their performance and success.
While carbon footprint measures the amount of carbon dioxide your business emits, biodiversity footprint assesses the impact on ecosystems and species. Plastic footprint, on the other hand, measures the amount of plastic waste generated. At DGB, we provide tools and expertise to help you assess all three, giving you a comprehensive view of your environmental impact. Understanding these different footprints enables your business to make more informed decisions and contribute to a sustainable future.
Research conducted by BlackRock in 2020 indicates that 88% of investors consider environmental-related risks a top sustainability portfolio concern and that they plan to double their ESG assets in the next five years.
We recognise the importance of environmental footprint reporting and offer tailored solutions to help businesses measure, track, and reduce their impact. Our advanced tools and expert team provide a thorough analysis of your carbon, biodiversity, and plastic footprints, creating detailed reports that highlight your environmental performance. We also help you identify opportunities for improvement, ensuring that your sustainability journey is both effective and meaningful.
Gain actionable insights by comparing your environmental performance with industry peers. Our tools help you understand your standing and improve competitiveness.
As your business grows, our reporting solutions scale with you, allowing you to continuously monitor and reduce your environmental impact across all areas.
Our solutions make your organisation more efficient by simplifying the process of calculating and reducing your carbon, biodiversity, and plastic footprints, saving time and resources.
ESG reporting covers the disclosure of all qualitative and quantitative environmental, social, and corporate governance data. Its purpose is to inform stakeholders about a company's ESG activities while improving investor transparency and inspiring other organisations to do the same. Reporting is also an effective way to demonstrate that you're meeting goals and that your ESG projects are genuine.
In short, everything a company does as a steward of the environment. It's a container concept that covers, amongst others: How a company is combatting environmental impacts, what a company is doing to reduce carbon emissions; what a company does to preserve biodiversity or improve air and water quality; how it's combatting deforestation; how it's responsibly managing its resources, waste, and supply chain.
Generally speaking, this covers everything that a company does to improve lives. The social umbrella covers how a company nurtures its people and workplace, its community involvement and human rights and labour standards. It also covers a company's inclusivity, employee engagement, and often overlooked social topics such as data protection and privacy.
Commonly, everything an organisation does to stay ahead in proper governance or ensure its investments remain sustainable. A company's internal controls are also considered part of governance, as are its policies and principles and procedures governing leadership, board composition, executive compensation, lobbying, shareholder rights, political contributions, or whistleblower programmes.
ESG scoring is a method to grade organisations on their ESG efforts. Similar to a credit or bond rating, an ESG score denotes a company's ability to meet its ESG commitments, performance, and risk exposure. As more and more consumers and investors have started prioritising ESG ratings, companies have started to take up the mantle to make improvements in theirs as a way to show their commitment.
Currently, companies have much leeway when it comes to ESG disclosure. Generally speaking, they are free to present ESG information in the most helpful way. However, quite a few recognised (and recommended) frameworks use different sets of criteria to score companies.
With DGB, we're willing to work with all of them, but we prefer GRI. For your understanding, we'll list a couple of different frameworks below.
Global Reporting Initiative (GRI).
This framework helps companies disclose their business' positive and negative impacts on the environment, economy, and society. GRI's focus is on helping companies communicate their ESG impacts and how they manage these impacts. GRI is the most referenced ESG framework among all industries, receiving 83% of total references to ESG frameworks.
The Sustainability Accounting Standards Board (SASB)
SASB are a set of standards that help companies collect and share ESG data that affect the firm's business decisions and explain the financial impact of sustainability. It's worth noting that the GRI and SASB joined forces in 2020 and have since published a guide to how organisations can use the two standards together. GRI is known for its high-level scope, while SASB gives companies industry-specific guidelines using a financial lens.
The Task Force on Climate-related Financial Disclosures (TCFD
TCFD is a framework that provides principles-based recommendations for managing and reporting focused primarily on climate risks. It focuses mainly on financial risk disclosures associated with climate to aid banks, shareholders and investors in scrutinising an organisation's ESG efforts.
Carbon Disclosure Project (CDP)
CPD is an international non-profit focused on creating standards companies can use to disclose GHG emissions, water use, and forestry information. This set of standards has helped companies and city, state, and regional government organisations inform decarbonisation and environmental protection efforts.
Streamlined Energy and Carbon Reporting (SECR)
SECR is a framework created by the UK Government that guides organisations on how to report on their carbon emissions and energy usage annually. The framework aims to streamline existing carbon reporting frameworks for greater transparency and comparability while making it easier for companies to monitor and reduce carbon emissions.
The Workforce Disclosure Initiative (WDI)
WDI is an investor collective formed to help companies communicate labour practices to stakeholders. It aims to improve transparency and accountability on workforce issues by providing companies with a framework for disclosing comprehensive and comparable workforce data.