To date, businesses have released a range of reports to give stakeholders a clear picture of their sustainability initiatives. While some company reports solely disclose environmental
issues, others emphasize the social component. Regardless of the reports' sustainability focus, they have been deemed appropriate
for assessing the corporate sustainability profiles of businesses. The multimodal focus of corporate reporting on sustainability concerns may also enhance communication between businesses and stakeholders.
It is generally known that the first batch of sustainability reports mostly addressed social responsibility issues as a result of persistent demands from various societal groups for better and safer working conditions and the requirement that
businesses behave honorably by paying the required taxes. Following that, corporate sustainability reports mostly addressed environmental issues in response to the Brundtland report's recommendations to save natural resources so that future generations can meet their needs.
Finally, the triple-bottom-line strategy emerged more systematically following the 1992 Rio de Janeiro United Nations Conference on Environment and Development.
The domains of corporate strategy management, accounting, and reporting have been significantly impacted by each of these turning points.
a connection document outlining the GRI Standards' disclosures that can be used to report on particular SDGs and their targets.
The most recent version, which was updated in May 2022, incorporates GRI 11: Oil and Gas Sector 2021 as well as the updated GRI Universal Standards 2021.
Writing a sustainability report has a number of advantages: