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Proof of Transparency: Ensuring High Standards in Sustainability Reporting
Proof of Transparency: Ensuring High Standards in Sustainability Reporting

This article outlines the standards behind the Proof of Transparency icon, ensuring reliable, industry-aligned sustainability reporting.

Updated over a week ago

The Proof of Transparency icon signifies that the report adheres to the highest standards of transparency and best practices in sustainability. Here’s what it means when you see this icon on a report:

  1. Alignment with Industry Standards: Metrics in the report are aligned with industry-leading frameworks and standards, such as the Global Reporting Initiative (GRI), European Sustainability Reporting Standards (ESRS), and others. This alignment facilitates accurate data collection, reporting, and intelligence processes, ensuring that the report meets global best practices and facilitating performance comparison.

  2. Enhanced Data Reliability: The integrity of the data is paramount. Primary source data is collected wherever possible, and in-app validations are leveraged extensively to prevent errors and ensure the reliability of the data. This rigorous approach helps maintain data integrity and trustworthiness.

  3. Focus on Base-Level Metrics: To further enhance reliability, base-level metrics, such as numerators and denominators, are prioritized in data collection. This foundational data is essential for accurate and meaningful calculations of composed metrics, as well as validation of underlying data.

  4. Utilization of Raw Data for Insights: Raw data is meticulously utilized to calculate composed metrics, providing actionable insights through visualization tools. These insights are crucial for informing effective action plans and driving sustainable performance improvements.

  5. Benchmarking for Performance Evaluation: The report includes benchmarks derived from anonymized data submitted by thousands of companies globally. These benchmarks are instrumental in enhancing performance evaluation, offering a contextual comparison that helps assess the effectiveness of action plans and sustainability initiatives.

  6. Commitment to Transparency: Transparency is a core principle of our reporting process. Users follow stringent guidelines to ensure that all reported data is clear, accessible, and verifiable. This commitment to openness helps build trust with stakeholders and promotes accountability.

By adhering to these best practices, reports with the Proof of Transparency icon provide a reliable, comprehensive view of sustainability performance, helping businesses and investors make informed decisions and demonstrate their commitment to high standards of transparency in their sustainability efforts.

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