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The time has come for mandated reporting of a company’s sustainability performance based on a common set of global standards that have the same degree of rigor as standards for reporting on a company’s financial performance.
There are four reasons for this:
- Sustainability concerns have reached a tipping point. Barely a day goes by without new data warning us that we are living on borrowed time. We are consuming more resources than the planet can sustain and not doing enough to stem climate change. At the same time, income, gender, and racial inequality are creating unacceptable human costs and destabilizing our economy and society.
- Pressure from activists, increasing public awareness, and the need to bolster corporate reputation and brand.
- The financial fortunes of private sector companies are now inextricably linked to…