Development and operations that meet the economic and social needs of people today, without compromising the ability of future generations to meet their own needs as well.
Often, the triple or quadruple bottom line approaches describe what’s most important to consider for long-term success in today's complex, globalized world.
Recent changes in the scale of human activity are creating new challenges to understand socially, economically and environmentally. Given the new challenges we face, sustainability involves thinking in systems and about the future.
What is or isn’t sustainable is unique for every organization and can depend on a multitude of variables including location, stakeholders, risks, environmental factors, economics, and materialities.
Because of these real world complexities, sustainability as it is defined may not be readily achievable. However, continuously improving towards sustainability will ensure that growth and development intentionally push us closer to our goals.
Following the gold-standard of reporting, the Global Reporting Initiative (GRI) Framework and Sustainability Standards, this type of report focuses on topics that are uniquely material to the reporting organization.
Sustainability reports cover profit and economic impact, social impacts, and environmental impacts through collected metrics.
Immediately, these reports inform shareholders and create a plan to reach long-term goals. Overtime, they show momentum, celebrate achievements, and guide strategic planning.