Why there are growing calls for global sustainability standards

Growing calls for global sustainability standards arise from the urgent need to address environmental, social, and economic challenges on a worldwide scale. Here are key reasons for this increasing demand:

• Global Interconnectedness

• Supply Chain Complexity

• Investor and Consumer Demand

• Risk Mitigation

• Regulatory Harmonization

• Efficiency and Consistency

Having a set of global sustainability standards promotes efficiency by streamlining reporting processes for organizations that operate in multiple jurisdictions. It ensures consistency in data collection, measurement, and reporting, facilitating more accurate assessments of sustainability performance.

Standardized reporting on sustainability performance enhances accountability. It builds trust among stakeholders, including investors, consumers, employees, and the public, by providing a basis for measuring and verifying the impact of organizational activities on the planet and society.

.