Corporate Sustainability Management: A Context-Based Approach
CSO's context-based approach to sustainability is arguably the most advanced solution for how to comply with the Global Reporting Initiative's (GRI) call for the inclusion of sustainability context in corporate reports. Indeed, in its 'G3' Sustainability Reporting Guidelines, GRI addresses context as follows:
- Performance information should be placed in context.
- The underlying question of sustainability reporting is how an organization contributes to the improvement or deterioration of economic, environmental, and social conditions at the local, regional, or global level.
- Simply reporting on trends in individual performance (or the efficiency of the organization) will fail to respond to this underlying question.
- Reporting organizations should therefore seek ways to express their individual performance in relation to broader environmental and social sustainability.