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In This Issue
Editor's Note
Preparing for the Future of Integrated and Mandatory Reporting
Despite global momentum toward mandatory disclosure of companies’ environmental, social, and governance (ESG) performance, company managers have been slow to respond.
To help them prepare for the future of integrated and mandatory reporting, BSR’s Advisory Services Manager Chhavi Ghuliani and Associate Blythe Chorn provide key reporting strategies, including aligning sustainability and financial reporting timelines, increasing the robustness and credibility of ESG data, and going beyond mandatory reporting.
This week, we also feature BSR’s new issue brief that uses case studies to make the business case for improving social and environmental performance throughout companies’ supply chains.
Lastly, we highlight a recent announcement made by Coca Cola and the Coca-Cola Africa Foundation, which committed US$6 million to support water and sanitation programs that could improve the lives of about 250,000 women and girls—a program Coca-Cola Chairman and CEO Muhtar Kent says will have “a ripple effect on social and economic empowerment.”
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In Depth
Answering the Call for Mandatory Sustainability Reporting
By Chhavi Ghuliani, Manager, Advisory Services, BSR
Even as momentum grows for mandatory sustainability reporting, companies are behind in adapting their reporting practices. BSR offers advice on how to prepare for the future of integrated and mandatory reporting.
Read more →
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Toolbox
Maximizing Benefits From Supply Chain Sustainability
BSR's new issue brief presents the business case for improving social and environmental performance throughout companies’ supply chains. Through practical case studies, this brief illustrates that by helping suppliers improve their sustainability performance and by investing in opportunities such as energy management or workplace improvements, companies can achieve real benefits such as enhanced supply chain security and reduced costs.
The brief also provides specific actions companies can take, as well as key issues companies should consider when investing in supply chain sustainability programs. The report recommends that companies:
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Identify which areas of investment will have the most impact by conducting "hotspot analyses" across the entire supply chain—from raw materials to end-of-use.
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Embed environmental and social performance factors into sourcing decisions alongside factors of cost, quality, supplier reliability, and trust.
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Provide incentives to suppliers to gain their buy-in, including preferred status, better contract terms, and leadership recognition.
On the Record
Coca-Cola Announces US$6 Million Investment in Clean Water Programs
According to the World Health Organization, African women and children spend up to 40 billion hours per year collecting water. Because they often travel long distances to retrieve clean water, women frequently resort to using unsafe water sources, putting themselves and their families at risk of life-threatening diseases.
Last month, the Coca-Cola Company and the Coca-Cola Africa Foundation announced a US$6 million commitment to support water and sanitation programs that have the potential to improve the lives of about 250,000 women and girls in 12 African countries. Recognizing the impact of women’s health on the community at large, Coca-Cola Chairman and CEO Muhtar Kent said:
"Supporting initiatives that promote access to water for women and girls is a building block for community health, with a ripple effect on social and economic empowerment. This is a win-win for everyone."
—Muhtar Kent, chairman and CEO, the Coca-Cola Company (March 22, 2011)
To learn more about the benefits of investing in women, read BSR's "Women and Sustainability" research series or contact Racheal Yeager.
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