What is sustainability?
Sometimes used interchangeably with the term corporate social responsibility, the most widely accepted definition of sustainability that has emerged over time is the “triple bottom-line” consideration of 1) economic viability, 2) social responsibility, and 3) environmental responsibility.
There is no law requiring sustainability reporting, but the world is aware of the responsibility for stewardship reporting and compliance. There are several different standards in use and under consideration. The primary standards include GRI, Connected Reporting Format, and AccountAbility with various standard setting bodies evaluating consolidating frameworks.
Today's social responsibility is tommorrow's requirement. Early adoptors are learning there is a true economic benefit to operating in a sustainable environment.... sustainability drives profitability.