Sustainability Reporting: Builds Trust and Improves Company Performance

Corporations are expected to do business ethically and as responsible global citizens. Sustainability reporting and non-financial reporting gauges performance success and impacts companies' future decision-making.
By Robin Byrd

As stakeholders insist on more transparency in corporate performance, reporting practices are changing. Businesses are increasingly reporting on financial and non-financial factors to build trust and improve business performance. Non-financial information includes measures and reporting on environmental, social and economic indicators, which also embrace human rights and ethics.

Linking the non-financial factors to operations and financial performance enhances risk management and increases competitiveness by positioning the business as the company of choice for customers, suppliers, domestic and global business partners, and investors. This is an evolving practice that comes with challenges. For example, how does a bu...

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