Sustainability Reporting Of The United States - 1672 Words

Abstract Sustainability reporting in the United States is still a work in progress. While more countries around the world are requiring companies to report the effects of their business activities as part of their annual report, this practice is still voluntary in the US. Even though sustainability reporting is not required, companies generally disclose sustainable information on their websites or through social media. Being social responsible builds a certain type of bond that brings internal and external stakeholders together. Many companies in the US have taken action and developed their corporate governance model that will meet their needs as well as the needs of the people around them, thus creating a better environment for shareholders and stakeholders. Currently, most companies that issue sustainability reporting follow the Global Reporting Initiative (GRI) standards guidelines. The GRI standards are designed to achieve transparency, and it has become the most common set of standards used amongst organizations for sustainability reporting. This research paper was written with the purpose of providing some answers as to why sustainability reporting in the United States should be mandated by regulators. The paper briefly describes the GRI standards and guidelines, the benefits of sustainability reporting, some relative advantages limitations in adopting sustainability reporting, as well as provides a few examples of companies that have successfully adoptedShow MoreRelatedSustainability and Triple Bottom Line Reporting Essay1628 Words   |  7 Pagesfocus on the longevity of the organization. The successful business understands the concept of sustainability and sustainable development. 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