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How can you collect and analyze reliable sustainability reporting data?

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Sustainability reporting is a way of disclosing the environmental, social, and governance (ESG) impacts and performance of an organization. It can help you communicate your values, goals, and achievements to your stakeholders, customers, investors, and regulators. But how can you collect and analyze reliable sustainability reporting data that meets the standards and expectations of your audience? Here are some tips to help you.

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Joseph Mwaura

Customer Experience || Operations || Underwriting || Associate Insurer IIK

1 Choose a framework

A framework is a set of guidelines, principles, and indicators that help you structure and present your sustainability reporting data. There are many frameworks available, such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), and the International Integrated Reporting Council (IIRC). You should choose a framework that suits your industry, sector, and purpose, and that aligns with the interests and needs of your stakeholders. You can also use more than one framework to cover different aspects of your sustainability reporting.

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Joseph Mwaura

Customer Experience || Operations || Underwriting || Associate Insurer IIK
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Through surveys (Survey Monkey, VOCC), customer comments, complaints and feed back. Another way is to write down your own feelings or thoughts about sustainability based on experience and trends. Also take time to collect employee complaints, struggles and interests they are all valuable qualitative data.

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Rupesh Kumar

|| Community Manager @Jyotirgamya || Helping companies through the power of Digital Marketing ||
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One robust framework for collecting and analyzing sustainability reporting data is the Global Reporting Initiative (GRI). Begin by identifying key sustainability indicators relevant to your organization's industry and goals. Collect data systematically across operations, supply chain, and stakeholders, ensuring consistency and accuracy. Analyze the data against GRI standards, focusing on environmental, social, and governance (ESG) aspects. Regularly review and update your reporting process to maintain reliability and relevance.

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2 Collect relevant data

Once you have chosen a framework, you need to collect the data that corresponds to the indicators and metrics that you want to report on. You can use various sources of data, such as surveys, audits, interviews, documents, records, and databases. You should ensure that your data collection methods are consistent, accurate, and transparent, and that you follow the best practices of data quality, security, and privacy. You should also document your data sources, definitions, calculations, and assumptions, so that you can verify and explain your data if needed.

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Rupesh Kumar

|| Community Manager @Jyotirgamya || Helping companies through the power of Digital Marketing ||
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To collect reliable sustainability reporting data, start by identifying key metrics aligned with your goals. Utilize established frameworks like GRI or SASB for guidance. Engage stakeholders to ensure comprehensive data coverage. Employ diverse data collection methods such as surveys, audits, and software automation. Verify data accuracy through cross-referencing and validation. Ensure transparency in reporting methodologies. Regularly update processes to adapt to evolving sustainability standards.

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Raul Inciarte

Consultor, Asesor y Relator Internacional en Energías - Desarrollo de Negocios - Gerencia de Cuenta, Linea, Producto - Company Man Drilling / Workover - Drill Bit Specialist - Oíl & Gas and Renewable Energy
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Un informe de sostenibilidad es un instrumento de comunicación esencial entre la empresa y sus grupos de interés, clientes, empleados, accionistas y la comunidad en general. El mismo les permite entender las estrategias y prácticas de sostenibilidad Asi como, evaluar su desempe?o y riesgo en estos aspectos, y formar sus propios criterios basados en esta información. Para la obtención y análisis de datos, se recomienda realizar los siguientes pasos. - Definir indicadores más relevantes de la organización - Recolectar datos sobre temas ambientales y sociales relacionados con la organización - Involucrar a todos los departamentos. - Redactar el informe de sostenibilidad - Realizar una estrategia o campa?a de divulgación y sociabilización.

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3 Analyze and interpret data

After collecting your data, you need to analyze and interpret it to extract meaningful insights and trends. You can use various tools and techniques, such as spreadsheets, charts, graphs, dashboards, and statistical methods, to organize, visualize, and summarize your data. You should also compare your data with your targets, benchmarks, and previous reports, to assess your progress and performance. You should also identify the strengths, weaknesses, opportunities, and risks of your sustainability reporting data, and how they relate to your strategy and goals.

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Rupesh Kumar

|| Community Manager @Jyotirgamya || Helping companies through the power of Digital Marketing ||
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To collect and analyze reliable sustainability reporting data, start by identifying key metrics aligned with your sustainability goals. Utilize standardized frameworks like GRI or SASB for consistency. Gather data from internal records, third-party sources, and stakeholders. Verify data accuracy through audits and validations. Analyze trends, benchmarks, and outliers to understand performance. Interpret findings to drive informed decision-making and communicate transparently with stakeholders for accountability and improvement.

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4 Report and communicate data

The final step is to report and communicate your sustainability reporting data to your audience. You should use a clear, concise, and engaging language and format, that highlights the key messages and stories of your data. You should also follow the principles of materiality, completeness, balance, and comparability, to ensure that your report is relevant, comprehensive, honest, and credible. You should also use different channels and platforms, such as websites, social media, newsletters, and webinars, to reach and engage your audience.

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Rupesh Kumar

|| Community Manager @Jyotirgamya || Helping companies through the power of Digital Marketing ||
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To collect and analyze reliable sustainability reporting data, start by defining clear metrics aligned with sustainability goals. Use standardized frameworks like GRI or SASB. Ensure data integrity through regular audits and verification. Utilize robust data management systems for accuracy. Engage stakeholders for transparent reporting. Communicate findings effectively through various channels for accountability and awareness. Regularly review processes for continuous improvement.

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Raul Inciarte

Consultor, Asesor y Relator Internacional en Energías - Desarrollo de Negocios - Gerencia de Cuenta, Linea, Producto - Company Man Drilling / Workover - Drill Bit Specialist - Oíl & Gas and Renewable Energy
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Es de suma importancia la diffusion, por todos los medios y canales disponibles, de los datos del informe, bajo un Comunicacion clara, empleando lenguaje técnico adecuado y en armonía con el uso de métodos estadísticos que generen interés y credibilidad en el informe.

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5 Seek feedback and improvement

Sustainability reporting is not a one-time activity, but a continuous process of learning and improvement. You should seek feedback from your stakeholders, customers, investors, and regulators, on how they perceive and use your sustainability reporting data. You should also monitor the changes and trends in the sustainability reporting landscape, such as new frameworks, standards, and expectations. You should use this feedback and information to evaluate and improve your data collection and analysis methods, and to align your report with your vision and values.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How can you collect and analyze reliable sustainability reporting data?

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3

4

5

6

1 Choose a framework

2 Collect relevant data

3 Analyze and interpret data

4 Report and communicate data

5 Seek feedback and improvement

6 Here’s what else to consider

Communication

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How can you collect and analyze reliable sustainability reporting data?

1

2

3

4

5

6

1 Choose a framework

2 Collect relevant data

3 Analyze and interpret data

4 Report and communicate data

5 Seek feedback and improvement

6 Here’s what else to consider

Communication

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