Does the common phrase, “What gets measured, gets managed” extend to sustainability reporting?
CAPACCIO recently conducted a sustainability survey among our contact list, which included responses from 28 different industries. One of our main observations was that that about 75% of the respondents stated that they measure environmental concerns like air emissions, water, waste, and electricity, but only 29% take the extra step of voluntarily reporting.
The disconnect between measuring and reporting can be explained by one or more of the following main reasons:
- It isn’t prioritized – There is a lack of value seen in reporting metrics
- It takes time and money – A high level of effort is required to collect, correlate, validate, and report data
- It is difficult to do – Data is difficult to collect across functional areas
- There is inherent risk – There is a fear of reporting data that may change in the future
What are the benefits of reporting? From an internal perspective, measuring and reporting drives companies to set realistic goals and implement effective measures to achieve them. From an external perspective, reporting increases both transparency and accountability. This simultaneously builds reputation with customers, stakeholders, and can increase third party sustainability ranking (Newsweek, Dow Jones, etc).
Does your company measure but not report? Tell us why! If your company measures and reports, share the value with your peers.
If you are interested in receiving the our survey results and analysis, it can be purchased for a nominal fee. Please contact me: for more information.
The Carbon Disclosure Project (CDP) reporting deadlines for 2012 are rapidly approaching. As a reminder, below are the upcoming deadlines. The CDP rankings are widely used to evaluate the performance and transparency of publically traded companies (even Google Finance prominently lists CDP rankings as part of company key stats and ratios). Guidance on CDP reporting and information on the scoring methodology is available on the CDP website.
The timeline for Carbon Reporting for Investor CDP:
- Feb 1: CDP sends out its annual information request to companies worldwide
- May 31: Deadline for corporations to submit their responses
- Sept – Publically disclosed information is published on the CDP website
The timeline for Carbon Reporting for Supply Chain CDP:
- April 1: CDP sends out its annual information request to companies worldwide
- July 31: Deadline for suppliers to submit their responses
- Jan – Publically disclosed information is published on the CDP website
The timeline for CDP Water Reporting:
- Feb 1 – CDP Water Disclosure Information Request to targeted companies
- June 30 – Deadline for companies to respond to the questionnaire
- Oct-Nov – Public response data is published on CDP website
Capaccio Environmental Engineering, Inc. has assisted our clients with sustainability strategic plans, benchmarking, gap analysis, carbon and water footprinting, program implementation, data management, and reporting to help improve rankings as well as address other important sustainability performance objectives. We are proud of the fact that our clients consistently appear at the top of both environmental and business performance lists, which is consistent with our mission of “helping industry and the environment prosper.”
For additional information or assistance in completing or reviewing reports, please contact us at email@example.com.