Global Reporting Initiative (GRI) has released a report entitled ''Sustainability and Reporting Trends in 2025'' which reveals that the next decade will require concrete action on the most important matters if we are going to create a more sustainable business environment and world.
This reports providesmore insights into how sustainability leaders see the shape of reporting over the next decade. It is based on interviews with a number of thought leaders within sustainability, among them the CEO of DNV GL Business Assurance, Luca Crisciotti.
Concrete action needed
The respondents all agree on one thing: the next decade will require concrete action from all organizations on what really matters if we are going to succeed in creating a more sustainable business environment globally. The current challenges are well known: Increasing world population, wealth inequality, climate change, conflicts, human rights violations and population migration will all shape the general context in which businesses operate and decision-makers act. There is also a strong belief among the leaders that these issues will intensify dramatically in the next decade.
According to the report, companies will be asked to engage publicly and concretely on specific topics, to use their operations and assets to help society tackle critical issues. Business leaders should set ambitious goals to tackle these issues, which require them to be better informed on the links between sustainability challenges and business performance and impacts.
Integration of management systems and reporting
The report goes on to explain that business leaders will need to proactively seek to break down operational silos and integrate the management systems of different departments in the company, in order to act more efficiently on the critical issues to be tackled. They will need to review business development models considering current and future limitations and opportunities.
Over the next decade, reports are expected to become more integrated, not only integrating financial and non-financial information, but also integrating disclosure and goals with organizations’ own supply chains and their partners’, aiming to clearly disclose companies’ efforts to tackle society’s issues. At the same time, reports are expected to be shorter and more relevant, but yet still explain the context.
In the report, DNV GL – Business Assurance’ CEO, Luca Crisciotti, underscores how sustainability directly affects value creation.
Crisciotti said: “What I see is that those companies that are going to use natural resources effectively, and produce commodities in a sustainable way, socially, economically and environmentally, will succeed. We also have to consider that people are asking for responsible business models and more transparency.
Please click below to read the GRI report on Sustainability and Reporting Trends in 2025
Source: DNV GL
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