What is ESG reporting?
ESG stands for Environmental, Social, and Governance, and ESG reporting is defined as “the disclosure of environmental, social and corporate governance data. As with all disclosures, its purpose is to shed light on a company’s ESG activities while improving investor transparency and inspiring other organizations to do the same”.
ESG reports commonly cover each topic area (environmental, social and labor, and governance), and for each, include information on:
- Assessed risks
- Actual impacts
- Quantitative and qualitative assessment of the company’s ESG activities (for instance, any policies, programs or actions that you have implemented to improve your impacts).
There are many different ESG reporting frameworks in use, but the most common frameworks are the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB), and the United Nations (U.N.) Sustainable Development Goals (SDGs).
Why is ESG reporting important?
Historically, ESG reporting has been voluntary. However new legislation will make comprehensive ESG reporting mandatory for larger companies.
For example, the EU Corporate Sustainability Reporting Directive (CSRD) will require companies to set targets and disclose progress across 10 topical areas (from biodiversity to marine impacts to climate change) — with data expected on 2024 impacts across multiple tiers of their value chain.
For facilities and manufacturers, this means that your brand partners may soon be requesting more data from you across a much wider range of sustainability topics.
How can I use Worldly data for ESG reporting?
The Higg Index tools, available on Worldly, can help your business collect value chain data to disclose impacts for ESG reporting.
- ブランドとして、Higg Facility Environmental Module（FEM）および Facility Social and Labor Module（FSLM）を活用し、実際または潜在的な被害を特定・監視・是正するため、そして目標達成に向けた進捗を示すために必要な主要な製造データを収集するためのサプライチェーン・エンゲージメント基盤を構築してください。
- 工場として、Facility Environmental Module（FEM）を使用して環境への影響を定量化し、リスクを軽減し影響を削減するための取り組みを把握してください。Facility Social and Labor Module（FSLM）を使用して、社会的影響や、労働者の福祉向上のために実施している方針や取り組みを追跡してください。
- Whether you are a facility or brand, you can use the Higg MSI (Materials Sustainability Index) and Higg PM (Product Module) to measure the footprint of your products and analyze where the environmental hotspots are across your product’s lifecycle.
- 最後に、Higg Brand and Retail Module（BRM）は、企業の開示を支援するための業界特有のコンテンツガイダンスを提供し、CSRDのような規制への準備状況を確認するためのチェックリストとしても活用できます。
まとめると、Worldlyは、関連するサステナビリティのテーマを特定するために必要なデータの収集、インパクト改善のための目標および目標値の設定、そしてESGの環境および社会分野における進捗状況の報告を支援します。
Worldlyプラットフォームの機能は、レポート作成自体や特定の規制に対するコンプライアンス保証ツールとして設計されていません。