Exploring the value of inspiring Sustainability Communications.
In March 2016, the Danish Business Authorities released new extended regulation on CSR reporting in relation to annual accounts. From January 2018, over a thousand new businesses are faced with these requirements. To many, the sustainable business model, risk & impact assessments and due diligence may be unknown territory. But this is where we come into the picture. To help business see CSR reporting as an opportunity rather than an obstacle, we will over the next few months gather inspiring information and insights into how intelligent reporting can benefit business.
We believe communication holds the solution.
Bringing SMEs to the surface:
The value of smart sustainability communication beyond reporting
Companies continuously seek new ways to improve performance, protect reputational assets, and win shareholder and stakeholder trust. Intelligent CSR reporting can do all those things. But the word reporting is misleading considering the real value that can be harvested from strong sustainability communication. In our terminology, reporting is the collective communication efforts around your company’s contribution to social health and sustainable change.
Connect with important stakeholders
Sustainability reporting should be seen as a tool to build trust among important stakeholders and portray a strong leadership culture within your organization. Think beyond numbers and data and think how you can maximise the impact of your reporting and harvest the opportunities from your CSR efforts without the risk of green washing.
Co-create & co-brand
Reporting is not just about what you have done. It is an opportunity to re-think your CSR efforts and be smart about the future. Maximise your efforts and impact by co-creating projects that benefit the Triple Bottom Line. But be strategic about what partnerships you engage in. Does it make sense for your business? Is their a natural synergy between values, culture and the impact you wish to make?
Engage in a global agenda
Does your company have a global outlook? UN’s Sustainable Development Goals present an opportunity for businesses to take part in a global partnership for a more sustainable planet. The goals were originally created for governments, but they serve a a great guideline for companies who wish to focus their CSR efforts. Furthermore, the goals are a great visual tool to frame your efforts around and seek out global partnerships.
Strengthen corporate culture
Do you consider your employees as a target group for your CSR reporting? Your employees might know about your CSR profile, but do they know the impact of your efforts, the specifics of your projects and how they contribute on a daily basis to your sustainability narrative. I’ve you have one?
Reposition inherent values
Are your CSR efforts distinct from the rest of your business or is it just the way we do things around here? Is your CSR reporting separated from your annual reporting or are they integrated? Think of your CSR report as an opportunity to reposition your company’s values an how you impact the people and society around you.
Impact, purpose, community – if you have an employer branding strategy, it probably encompass some or all of those words. But are you truly taking action to live up to your promises? Why not see your CSR report as a way to let your employees talk about your impact and why they are proud to be part of the way you improve lives every day. A peer-to-peer driven approach to your reporting is the best way to engage your readers and potential future employees.
Best practice reporting cases.
The why and the how of impact assessments.
An impact assessment is in its core the data of change. The “impact” is the difference between what would happen with the action and what would happen without it. How people inflict change on people, society and the environment. When we talk CSR reporting, a strong impact assessment is key to demonstrate the strategic approach to minimize risk and behave sustainable. Through the impact assessment you commit to an analytical and data-driven CSR reporting which is key to building trust among stakeholders.
You should view your impact assessment as a technical tool for analysis of the consequences of a planned CSR project, providing information to stakeholders and decision makers.
10 tips to make your reporting worth
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