The Reporting Exchange is a free global knowledge platform that helps business understand the complexity of the reporting landscape. It helps companies prepare sustainability information for voluntary, compliance or mainstream reporting purposes.
Currently scheduled for a beta release in December 2016, The Reporting Exchange is a collaborative tool that brings coherence to the multitude of international, regional and local reporting requirements. It is the only single, central resource for reporting requirements and supporting resources related to the disclosure of non-financial information.
Changing expectations of corporate performance and transparency have led to the introduction of many non-financial reporting requirements. But the absence of agreed, standard terminology has created complexity that is difficult to navigate. As a result, there is a large variation in the quality, quantity and relevance of disclosure. This limits the effectiveness of that disclosure when markets and stakeholders make decisions.
Effective corporate reporting is an essential part of integrating sustainability into strategic decision-making. But as the consequences for business of resource scarcity, climate change, social inequality, corruption and other risks have emerged, expectations of corporate performance and transparency have changed. Interest in sustainable development and the contributions of business has led to the introduction of numerous environmental, social and governance disclosure schemes related to corporate performance, prospects and strategy. Although welcome activity, this has created a confused sustainability “reporting landscape” that has made it increasingly difficult for business to respond effectively and efficiently. The resulting variability in the quality, quantity and relevance of disclosure prevents the effective use of information by markets and decision makers.
The Reporting Exchange is a free online platform designed to bring clarity to that landscape. It captures all reporting requirements and supporting resources globally, proposes terminology, identifies similarities and differences, and provides the evidence base to support our ambition of harmonizing non-financial corporate reporting.
Companies can search for reporting resources, track the latest reporting trends, and use collaborative features to share experiences, challenges and opportunities.
The Reporting Exchange is the realization of the collective efforts of WBCSD, Climate Disclosure Standards Board and Ecodesk, our working group of WBCSD members and research partner within the Global Network to make sense of that landscape and guide your business to the information that is relevant to you.