Question

What would you say to argue in favor of more required standardized and comparable sustainability metrics in corporate annual financial reports?

Answer 1

Following arguments can be given in favor of more required standardized and comparable sustainablility metrics in corporate annual financial reports:

1. Standardized auditing and reporting in the financial statements is used to evaluate the sustainable performance of a company, organisation and other entities on the basis of some performance indicators.

2. It also helps the financial information users to gather the relevant information from this standardized and comparable sustainability metrics.

3. Some best known sustainability indicators are corporate sustainability reporting, triple bottom line accounting.