We can say that sustainability today is the protagonist in strategies and business models of companies. Organizations have realized that they must work on an integrated thinking that contemplates a strategic business vision linked to sustainability and with which they not only create lasting value for their shareholders, but also develop successful and lasting relationships with all their stakeholders.
Daniela is the Customer Success Manager at M-Risk. She has over 10 years of experience managing Company Sustainability and Social Responsibility projects, focused on the development, implementation, and follow-up of social projects, sustainability strategies, and plans for relationships with stakeholders. She holds a degree in Services Administration from Los Andes University, a Certificate in Business Administration from the London College of International Business and Studies UK, and a MSc in Sustainability and CSR from Nottingham University, UK.
Amid pressures to focus on preventive medicine, one pharmaceutical company broadened its stakeholder base to include patients, their families, and the planet, empowering workgroups to drive its new purpose-driven strategy.
In June, an important update was announced to the core of the Global Reporting Initiative (GRI) report that will affect every organization using the GRI Standard. This update will help them report more efficiently their most significant impacts on the economy, environment, and social areas.
As a management and communication tool, sustainability reports reveal the company’s performance in economic, environmental, and social areas, allow to know the impact on stakeholders and help assess improvement opportunities.
If you want your stakeholders to know your business’ contribution to economic, social, and environmental development, you must have a sustainability report. For this, check some of our tips for successful elaboration here.
We have witnessed a world in constant change, in which businesses are demanded to explicitly state the “why” of what they do, while the “how” must be subject to standards superior to mere compliance.