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Sustainability reporting provides consumer confidence in showing the company is serious about reducing environmental and social impact. This earns the company brand trust and not only loyal customers, but loyal and productive staff also. There are a few options available for organisations to publish sustainability reports, such as employing a dedicated sustainability officer, sending a staff member to complete a course in sustainability reporting and to engage with sustainability software that provides reporting functions on sustainability accounting.
We’re all operating in an extremely competitive business world where accountability and competitiveness are growing in demand, particularly from millennials. Not only are businesses forced to be more competitive to stay ahead of their competition, society is demanding accountability for the products and services provided.
What is automated sustainability reporting, and how does it work?
Automated sustainability reporting automatically captures your data and compiles in formats that your internal and external stakeholders can understand and gauge progress on organisational targets.
Sustainability reports are shared with key stakeholders within your organisation and externally with clients and others such as government and Tier 1 companies you are tendering to. Insurance and investment companies are increasingly interested in the sustainability of their associated businesses.
The sustainability report is geared towards capturing the actions which you have successfully implemented across the business or organisation. It will highlight the costs savings associated with the actions as well as the reduction in resources used. The sustainability report effectively measures the impact of the measures that you have implemented.
Sustainability accounting and sustainability reporting are essential tools in ensuring that the procedures and policies that you are implementing are contributing to your business sustainability.
The three steps automated sustainability software take to support the transition to sustainability are:
- Practical actions and guidance tools to steer your business towards reducing costs through efficiency gains in resource usage.
- Measurement and analytical tools that allow you to accurately track and monitor your data and assess the impact of resource use reduction processes and procedures.
- Sustainability reporting that compiles the data collected on actions completed and efficiency gain trends from the CEO to provide contextual information about the company and its approach to sustainability.
Actions for change
The first step in achieving sustainability for your business or organisation is to implement actions that will reduce resource usage across the company. It’s a significant first step.
Measure, monitor and analyse
Without accurate sustainability accounting, how will you know whether the actions you and your staff have completed are reducing resource use and costs?
Capturing data from your invoices and other forms of recording consumption such as the internet of things (IoT) for real-time monitoring of energy use, waste monitoring and water flows can all be captured using machine learning and AI technology.
Automate sustainability reports
Automated sustainability reporting and accounting saves time and money by producing accurate reports based on your business’s actions, resource use, measurements, and trends.
Reporting allows you to go full circle with your sustainability. You can implement the actions required and then monitor the impact those actions are having on your business. Detailed reports allow you to share results with stakeholders, including your staff, management, owners, clients, and the community.
Our mission is to make sustainability accessible to all organisations, anywhere on the globe.