The Benefits of Reporting for SMEs
A sustainability report provides information on your company’s most important impacts – positive or negative – on the environment, society and the economy. GRI’s Sustainability Reporting Guidelines are the most widely used, comprehensive sustainability reporting standard in the world.
Your company can use these Guidelines to develop your sustainability report and in the process can generate reliable, relevant and standardized information on your sustainability impacts and performance. This information can then be used to assess opportunities and risks, and enable more informed decision-making – both within your business and among your stakeholders, such as your clients.
By developing and communicating your understanding about the connections between sustainability and your business, your company can measure its performance and manage change. This will drive improvement and innovation inside your company.
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In recent years, Small and Medium-sized Enterprises (SMEs) in various regions have begun to publish their sustainability reports. GRI has followed this movement through a number of projects since 2008. SMEs that have participated in these projects say that the value of the reporting process was much greater than they had anticipated at the beginning of the process.
They found that sustainability reporting helped them to identify their most significant issues to focus on and from there improve productivity and make cost savings. In addition, their competitiveness often improved after gaining access to new markets and new clients.
To conclude, GRI’s experience is that many SMEs believe that there is a clear connection between sustainability reporting and achieving real change within their company.
Source: GSA Campbell
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