Research report and infographic available for download.
Sustainability at times can feel pretty abstract, yet the challenges we are dealing with are far from abstract. Whether protecting biodiversity, reducing emissions, lessening inequality or improving health, the issues that sustainability encompasses are very real, tangible and touch us all in many different ways. Sharing the right information in the right way with stakeholders can improve companies’ decision-making and drive change. Transparency on how a business generates value (for the economy, society, and the environment) can explain to stakeholders what impacts – both positive and negative – a company has, which material issues are most important, and where business opportunities may lie.
SustainAbility‘s (a think tank and strategic advisory firm) research has been informed by over 60 interviews with Engaging Stakeholders members and thought leaders, a survey of nearly 500 sustainability experts and additional desk research. Their findings highlight specific ways in which transparency can in fact inform decision-making, drive change and foster improved performance. SustainAbility focus on three key elements of transparency: materiality, externalities, and integration. They also offer an advancement tool for implementing effective practices.
While SustainAbility believe they have conducted a thorough review of current and emerging practices, given the dynamic nature of corporate transparency—in particular the technology related to capturing and sharing data, along with shifting policy and stakeholder expectations—they nonetheless anticipate a continued evolution. It is a topic SustainAbility will continue to explore, and they invite feedback from i-genius members, their readers, corporate partners and other stakeholders.