Don’t get me wrong: I am thrilled at the efforts to combine sustainability and financial reporting into an Integrated Report.
I do find it a bit baffling, however, that it isn’t widely recognized that this was the intent of sustainability reporting all along. If you check the original Global Reporting Initiative (GRI) 3.1 standards, you will find nine standard disclosure categories under economics that companies could report. I work with several small to medium-sized (SME) companies, and perhaps the inherent failure here is that the company can select which key performance indicators (KPIs) to report, only one of which necessarily need to be economic depending on their reporting level.
Read the rest of the article at Sustainable Business Form.