Environmental reportingCompanies are increasingly measuring, managing and communicating their environmental performance. These companies understand how to improve their processes, seize market opportunities, reduce their costs, and comply with regulatory requirements and stakeholder expectations.Environmental reporting involves the publication in a company's Annual Report or self-standing reports of general environmental policy statements, usually including details of environmental performance such as greenhouse gas emissions, waste, water use and other relevant impacts giving quantified data and improvement targets. Members of the New Zealand Business Council for Sustainable Development (NZBCSD) are expected to produce a sustainable development report within two years of joining. NZBCSD has produced a handbook on environmental reporting to assist companies who wish to report. The Global Reporting Initiative (GRI) guidelines provide a set of principles that organisations can follow. The guidelines also provide a set of core indicators for economic, environmental and social performance that organisations should include in their report, and a list of additional indicators that organisations should include where relevant. The GRI guidelines are rapidly becoming a standard for sustainable development reporting. This type of reporting is more applicable to larger organisations that have a number of stakeholders and interested parties such as broadcasters. |
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