How can we measure and report on our sustainability progress and impact?

1. Develop a comprehensive sustainability framework

• Description: Create a sustainability framework that aligns with international standards such as GRI and includes metrics for environmental, social, and governance (ESG) aspects.
• Implementation plan: Conduct a stakeholder analysis to identify relevant sustainability aspects, develop a set of sustainability metrics, and integrate these into organizational reporting processes.
• Roles & responsibilities: Sustainability officers to lead framework development, with input from across departments for holistic representation.
• KPI's: Number of sustainability metrics reported, stakeholder engagement scores, and improvements in ESG performance year-over-year.

2. Implement sustainability accounting practices

• Description: Adopt sustainability accounting methods to quantify, track, and report on environmental costs and savings.
• Implementation plan: Train finance and sustainability teams in sustainability accounting standards, identify key environmental costs, and integrate these into financial systems.
• Roles & responsibilities: CFO and sustainability officer to oversee integration, with training for relevant finance and environmental staff.
• KPI's: Integration of environmental costs into financial reports, accuracy of sustainability accounting data.

3. Leverage technology for data collection and analysis

• Description: Utilize software and technology solutions to gather data on sustainability metrics efficiently.
• Implementation plan: Identify technology platforms that align with sustainability reporting needs, implement these solutions, and train staff on their use.
• Roles & responsibilities: IT department to implement technology solutions, sustainability team to ensure data relevance and accuracy.
• KPI's: Reduction in time spent on data collection, increased data accuracy, and reporting efficiency.

4. Engage stakeholders in sustainability reporting

• Description: Develop a stakeholder engagement process to gather input on sustainability priorities and report progress.
• Implementation plan: Identify key stakeholders, develop engagement strategies (surveys, workshops), and integrate feedback into reporting.
• Roles & responsibilities: Communications and sustainability teams to manage stakeholder engagement and integrate feedback.
• KPI's: Number of stakeholder engagement initiatives, stakeholder satisfaction scores, alignment of reports with stakeholder priorities.

5. Benchmark against industry standards

• Description: Compare organizational sustainability performance against industry benchmarks to identify areas for improvement.
• Implementation plan: Identify relevant benchmarks, collect comparative data, and analyze performance gaps.
• Roles & responsibilities: Sustainability team to conduct benchmarking analysis, with strategic input from leadership.
• KPI's: Performance against industry benchmarks, number of improvements implemented based on benchmarking insights.

6. Implement continuous improvement processes

• Description: Establish a process for continuous review and improvement of sustainability metrics and reporting practices.
• Implementation plan: Develop a review schedule, identify metrics for regular assessment, and create a process for implementing improvements.
• Roles & responsibilities: Continuous improvement team or sustainability officer to manage the process, with cross-departmental input.
• KPI's: Number of improvements made to sustainability metrics and reporting, stakeholder feedback on reporting improvements.

7. Foster a culture of sustainability

• Description: Embed sustainability into organizational culture to ensure long-term commitment and progress.
• Implementation plan: Develop sustainability training programs, integrate sustainability into mission and values, and recognize sustainability achievements.
• Roles & responsibilities: HR and sustainability leaders to lead culture initiatives, with support from top management.
• KPI's: Employee engagement scores related to sustainability, number of sustainability initiatives proposed by employees.

8. Develop sustainability reports

• Description: Produce comprehensive sustainability reports that provide transparent insights into organizational sustainability performance.
• Implementation plan: Follow international reporting standards to develop annual sustainability reports, ensuring data accuracy and stakeholder relevance.
• Roles & responsibilities: Sustainability team to compile reports, with contributions from across the organization.
• KPI's: Quality and completeness of sustainability reports, stakeholder feedback on report clarity and usefulness.

9. Integrate sustainability into organizational strategy

• Description: Ensure sustainability is a core component of the organizational strategy to drive long-term value.
• Implementation plan: Review and adjust strategy to include sustainability goals, ensuring alignment with overall business objectives.
• Roles & responsibilities: Executive leadership to integrate sustainability into strategy, with support from sustainability officers.
• KPI's: Alignment of sustainability goals with corporate strategy, progress on strategic sustainability objectives.

10. Collaborate with external partners

• Description: Engage with external partners (NGOs, industry groups, academic institutions) to enhance sustainability efforts.
• Implementation plan: Identify potential partners, develop collaboration projects, and share knowledge and resources.
• Roles & responsibilities: Sustainability team to manage partnerships, with strategic oversight from leadership.
• KPI's: Number and impact of collaboration projects, partner feedback on joint initiatives.