Post by account_disabled on Jan 24, 2024 22:38:18 GMT -5
Eileen: It really depends on who the stakeholders are that you care most about. Different frameworks are designed to tailor to different stakeholder needs and interests, so it really depends on your overall messaging objectives and how you would like to use disclosure framework(s) to ensure effective stakeholder communication and information sharing. Owen: As these frameworks have evolved there’s been a lot of overlap in terms of what the frameworks are focused on and the various groups that create the frameworks and update them. They’ve made great strides recently on alignment, so it has become easier to apply multiple frameworks to one disclosure and a lot of companies do that.
They apply multiple frameworks to make sure that their WhatsApp Number Database stakeholders, which all have different objectives, get the necessary information they need, and it’s packaged in a way so that it’s comparable to other company disclosures using the same frameworks. And that is an important thing to note, stakeholders want companies to use the same set of frameworks whenever possible. The application of a similar framework helps provide that comparable information so stakeholders can gauge whether or not one company is performing better than another on a certain issue or topic. How is the landscape changing around Sustainability and ESG reporting, and is it beneficial to private or small companies? Klaas: In the past, regulators have mostly focused on larger industrial players, because they are easier to regulate and have reporting standards implemented or mandated. Today, these larger companies are required to disclose information on their scope 3 emissions; emissions that are the result of activities from assets they do not own or control.
To do this, they require climate-related information down the value chain, thus indirectly requiring transparency and sustainability reporting of smaller suppliers/companies. The landscape is changing in this regard. The pressure or questions from larger companies are having a domino effect on smaller companies across international value chains. On top of that regulation is broadening in scope: whereas in the past regulators tended to focus on large emitters first and foremost, they are now also shifting focus on smaller companies because in the end effective climate change regulation needs address all actors.
They apply multiple frameworks to make sure that their WhatsApp Number Database stakeholders, which all have different objectives, get the necessary information they need, and it’s packaged in a way so that it’s comparable to other company disclosures using the same frameworks. And that is an important thing to note, stakeholders want companies to use the same set of frameworks whenever possible. The application of a similar framework helps provide that comparable information so stakeholders can gauge whether or not one company is performing better than another on a certain issue or topic. How is the landscape changing around Sustainability and ESG reporting, and is it beneficial to private or small companies? Klaas: In the past, regulators have mostly focused on larger industrial players, because they are easier to regulate and have reporting standards implemented or mandated. Today, these larger companies are required to disclose information on their scope 3 emissions; emissions that are the result of activities from assets they do not own or control.
To do this, they require climate-related information down the value chain, thus indirectly requiring transparency and sustainability reporting of smaller suppliers/companies. The landscape is changing in this regard. The pressure or questions from larger companies are having a domino effect on smaller companies across international value chains. On top of that regulation is broadening in scope: whereas in the past regulators tended to focus on large emitters first and foremost, they are now also shifting focus on smaller companies because in the end effective climate change regulation needs address all actors.