Why companies should measure their social impact: Alison Braybrooks in the Guardian
Companies don’t report their negative social impacts, according to research by the GRI. Often, they also often don’t link their impact on society to wider global goals or recognised concepts like human rights, and don’t set and track progress against impact targets.
But all that is set to change, as companies respond to reporting and market pressures, while seeking competitive advantage.
Check out this article by Alison Braybrooks in the Guardian for more on this: http://www.guardian.co.uk/sustainable-business/blog/social-impact-business-community.
MORE FROM INSIGHTS
Fronesys founders played influential roles in the development of the integrated reporting movement, a corporate reporting mechanism that now has around two thousand listed companies as its adopters, and which is now part of the mainstream of corporate reporting. So, perhaps, now is as good a time as any for Jyoti Banerjee to look back and assess the outcomes and impacts, as well as the what-might-have-beens, of this new form of corporate reporting.
Oxford University Press has just released a new chapter from the forthcoming Oxford Handbook of Food, Water and Society: Integrating Multi-Capital Thinking in Business Decisions. The new chapter, contributed by Fronesys partner Jyoti Banerjee, explores how we need to change our understanding of value. Here is Jyoti’s account of what you can expect in this new publication.
Jyoti Banerjee, partner at Fronesys, highlights that by adopting the principles of integrated thinking and reporting, universities can move away from a focus on reporting short term financial metrics to a multi-stakeholder approach which offers compelling narratives about their value.
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