In its general definition, “sustainable development” is an ethical concept which assumes that no form of economic growth should endanger our future. An increasing number of economies, with the European Union seen a global leader on the topic, are focused on improving the well-being of citizens, making the economy climate-neutral, as well as protecting, conserving and enhancing the biodiversity.
No doubt, achieving these goals requires that the markets shift to more sustainable models of growth. To monitor and evaluate how such change is progressing, different tools are being developed. Those tools are made to measure and communicate which organizations are contributing the most to a greener world.
The market is becoming increasingly well adapted to this approach. Many actors are interested in concrete facts and in the data communicated by the companies about their sustainability. Customers, communities, investors and even banks, insurance or asset management companies are on the receiving end of enterprise disclosures. Those stakeholders are looking to analyze how the business interacts with society and the environment, knowing that positive impact in this regard can create a genuine added value in the enterprise’s operations.