Sustainability reporting not guaranteeing improved sustainability performance, study finds.
Sustainability reporting is a common practice for businesses to show their economic, environmental, and social impacts. The Global Reporting Initiative (GRI) provides a framework for this reporting. Interviews with companies in Sweden and Denmark showed that using the GRI guidelines can improve processes and structures within sustainability efforts, but may not directly improve sustainability performance. Companies need to actively use the reporting process to make real changes in sustainability practices.