To make sustainability a true performance tool, compliance-driven sustainability investments need to be transformed into something smarter and strategically valuable. Required reporting may be driving many initiatives, but it should not be the destination. Five principles can help organizations of any size or industry frame their sustainability efforts as a call for integrated execution across departments. Many large companies have invested significant amounts of time and capital into sustainability reporting. In 2022, the European Union's ambitious sustainability reporting framework, the Corporate Sustainability Reporting Directive, was projected to generate approximately '1.7 billion (about $1.8 billion) in one-off costs and '1.9 billion in recurring costs. Even in less regulated markets like the U.S., sustainability is treated as a long-term competitive imperative by many businesses. Globally, nearly half (48%) of companies are using double materiality assessments ' that is,...
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