There are direct benefits to your organisation in the measuring and reporting of environmental performance as it will benefit from lower energy and resource costs, gain a better understanding of exposure to the risks of climate change and demonstrate leadership, which will help strengthen your green credentials in the marketplace. You should find it helpful to use environmental KPIs to capture the link between environmental and financial performance.
Investors, shareholders and other stakeholders are increasingly requesting better environmental disclosures in annual reports and accounts. The number of organisations that are seeking information from their suppliers on environmental performance is increasing too. Organisations of all sizes are increasingly expected to measure and report on their environmental performance or risk losing out to competitors who do record their environmental performance.
Many businesses are finding that their environmental risks are material to their operations and supply chains or are likely to become so. This may take the form of physical risks from climate change, or business risk from volatile energy and commodity prices. Equally some are finding that early action to address such risks can generate new business opportunities.