Sustainability Reporting

While there are several global standards and frameworks, what will suit your requirements? To answer this question, it is important that you know the concept of double materiality.

Double materiality suggests duality and addresses both financial and impact materiality.

Financial materiality outlines how Environmental, Social and Governance (ESG) issues impact the financial performance and prospects of a company. It adopts an outside-in perspective. 

On the other hand, impact materiality examines the potential impacts of a company’s activities on ESG aspects, adopting an inside-out perspective. 

A double materiality approach integrates both financial and impact materiality, emphasizing the importance of balancing outside-in and inside-out perspectives.

• Offers a comprehensive view of your organization’s sustainability performance. 
• Designed for a broad range of stakeholders, such as employees, customers, regulators, and the public.
• Enhances stakeholder engagement, improves risk management, drives performance improvement, enhances reputation and brand value, and fosters innovation by identifying opportunities for sustainable business practices.

• Intended to assist Philippine PLCs (Publicly Listed Companies) to evaluate and manage their sustainability performance and impacts.
• Ensures compliance with regulatory requirements established by the SEC Philippines, fostering transparency and accountability. 
• Improves your organization’s credibility, attracts investors, and strengthens stakeholder trust and confidence.

• Most recently launched reporting standard with the promise to integrate and consolidate existing global sustainability reporting standards.
• Built on TCFD recommendations and expanded for holistic coverage beyond climate.
• Enhances transparency and comparability of sustainability information, aids in identifying and managing sustainability and climate-related risks, and improves your organization’s reputation and credibility.

• Built on industry-specific sustainability disclosure topics and issues that have a material impact on your organization’s financial performance.
• Provides investors and other capital market participants with standardized, comparable, and decision-useful information.
• Fosters transparency, improves investor confidence, mitigates risks, and drives value creation by aligning sustainability disclosures with investor interests and industry-specific challenges.

• Provides investors, shareholders, and other stakeholders a holistic view of your organization’s strategy and performance by integrating financial and non-financial information in a single report.
• Works around six categories of capital that help create organizational value.
• Promotes better decision-making, fosters trust with stakeholders, and allows you to address non-financial elements that affect your long-term business value.