keep track of your sustainability
All you need to know about sustainability reporting
Increased sustainability reporting requirements and keeping up with stakeholders’ expectations makes it important for companies to have good knowledge about the topic. We have gathered all our resources on reporting in the same place for you to deepen your knowledge.
GET FAMILIAR WITH SUSTAINABILITY REPORTING
What is sustainability reporting?
Sustainability Reporting is a way to disclose sustainability data which businesses conduct to improve their transparency and visibility, with the purpose to develop a framework for action and legal requirements. A Sustainability Report consists of the environmental, social and economic (ESG) impacts caused by a company's activities.
HOW TO GET STARTED
Decide which sustainability metrics and data you should report on. Involve relevant people and assure the correct sustainability data will be reported. Investing in a software makes this process easier.
Collecting quality ESG data, managing information and gaining insights from it are common challenges for companies required to report.
Benefits of a software
Skip the tedious excel files and never risk losing data. You have the opportunity to work simultaneously within your organization and you can replace overwhelming documents with visualized dashboards.
This is where you’ll find the answers to the most frequently asked questions about how to get started and how Worldfavor can help you collect data and report easily.
Why is sustainability reporting important?
In addition to legal requirements that organizations have, sustainability reporting will also help your organization set priorities to reach your goals when it comes to environmental and social impact. By exposing both positive and negative impacts your operation has on the planet, society and the economy - you can make informed decisions.
How using Worldfavor can help your reporting process
Worldfavor’s Sustainability Management Solution allows you to manage and track your organization's sustainability performance. The platform gives you one space for all your sustainability data, where you can invite everyone you need information from - each person can provide relevant data gathered in the same place.
How to use Worldfavor for managing your organization's sustainability performance
Worldfavor's platform enables you to digitlize your processes and lets you automate data collection and analysis. You can track your emissions and impact and align with chosen frameworks such as SDG, GHG protocol and more. Easily filter, compare and follow up your organizations information, while Worldfavor breaks it down to actionable insights - so you can focus on making informed and proactive decisions.
Why choose Worldfavor?
Automated processes do the work for you. The platform collects all insights, presents them in a dashboard - making it easy for you to analyze your organization’s data.
With all the data and insights stored and visualized in one place - it’s easier to collaborate, follow your progress and achieve your goals
As the platform allows you to compare your data to chosen frameworks, you can automatically track your performance and see how they align
Discover more knowledge banks
HUMAN RIGHTS DUE DILIGENCE
What is human rights due diligence?
Human rights due diligence (HRDD) is a risk management process for businesses. You as a business can implement HRDD to identify and respond to actual and potential negative impacts within your own operations and supply chain.
What is SFDR?
The Sustainable Finance Disclosure Regulation (SFDR) is the first regulation set by the EU with the purpose of reorient capital flow towards sustainable finance. By inserting SFDR to provide transparency on sustainability within the financial market, greenwashing can be prevented.