Wellington, New Zealand, 4 October 2018: The Sustainable Business Council (SBC), WBCSD’s Global Network partner in New Zealand, has released a report outlining how its member companies are tracking against SBC member commitments for the period 2017-2018.
The report includes an analysis on reporting trends and best practice across the membership.
- Reporting on sustainability is more integrated into overall business reporting.
- Businesses are reporting on more sustainability topics, including megatrends, ethics, human rights and labor issues.
- Gaps still remain about strategy, future objectives and outcomes.
- Further work is needed to engage stakeholders in a meaningful way that can help an organization identify its most material issues.
- More partnerships and collaborations are being set up, and the value of these is being communicated to investors and consumers.
- There are not many good examples of reporting from smaller businesses, or from professional services firms.
- Reporting on emissions measurement and reduction measures is more visible and extensive, and is often combined with an emissions reduction plan.
- There is little disclosure of risk from climate change, or how risks are integrated into strategy and management.
The report has been well received, including by external organisations such as NZX (New Zealand Stock Exchange).
SBC currently regroups 89 member organizations, up from 79 last year, covering slightly over a quarter of New Zealand’s private sector GDP and 9% of New Zealand’s workforce.
Manager, Member Engagement, SBC