ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors to assess an organization's business practices and performance on various sustainability and ethical issues as part of their analysis process to identify material risks and growth opportunities.
ESG initiatives also contribute to broader business sustainability efforts that aim to position companies for long-term success based on responsible corporate management and business strategies.
ESG metrics are not commonly part of mandatory financial reporting, however many companies are increasingly making disclosures annually in their sustainability report which many of them followed SASB, GRI, UN Global Compact or etc methodology of reporting.
The contribution of sustainability reporting to the success of your organization depends to a large extent on the credibility of the final report. If you convince stakeholders that you report transparently and with accountability, this will greatly increase the faith of stakeholders in the long-term sustainability of your organization.
Third party assurance by an independent third party such as DQS proves that your report provides an accurate representation of the main sustainability aspects of your organization and assures your stakeholders of the trustworthiness of the disclosures made.
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