Corporate Sustainability Reporting
Corporate sustainability reporting, also referred to as 'green accounting', tripple bottom line, or corporate social reposibility, describes business practices built around social and environmental considerations. It is based on the realisation that to ensure sustainability over the long term, management teams must do more than maximise shareholder profits. They must consider the needs of all stakeholders, including employees, customers, and community members.
Why adopt corporate sustainability?
Organisations can derive strategic advantage by embracing sustainability as part of the business. The benefits include cost savings by limiting waste and consumption of natural resources, new business opportunities through environmentally-friendly product innovations, enhanced brand value and reputation with customers and partners, better risk management, the ability to attract capital from green investors, and the opportunity to attract better staff by offering a great place to work.
How to adopt corporate sustainability?
The Taysols Corporate Sustainability solution was originally developed by our partner organisation 2Future and has been implemented for many of Scandinavia’s most successful companies (READ MORE). The Taysols Corporate Sustainability solution allows you to manage economic, environmental and social performance data and communicate it efficiently to different stakeholders. The application includes,
- Sustainability Chart of Accounts (SCoA), a standard based predefined and modifiable sustainability account structure including the GRI (Global Reporting Initiative) G3 definitions and automated unit conversions and calculation rules.
- Pre-defined, intuitive and fully modifiable web based data gathering form templates for all the SCoA items.
- Integration to corporate source systems and files.
- Process control and data quality management.
- Target settng and sustainability KPI definition.
Taysols' Corporate Sustainability solution is available in two versions. One running on Microsoft SQL Server and one on Oracle's Hyperion Financial Management. Contact us to find out more.
CLICK HERE to download an Oracle White Paper providing an introduction to Corporate Sustainability and advice on integrating it into your overall performance management practices.
CLICK HERE for a case study on implementing corporate sustainability reporting with Oracle's Hyperion Financial Management at the global engineering corporation Metso.
CLICK HERE for a case study on implementing corporate sustainability reporting with CSM at the retail giant Kesko.