Re: Sustainability performance a new essential
Often the primary focus of sustainability is environmental progress, but as the article states, social and governance are just as important to understanding a company’s overall management quality. Readers may not be aware, but there is a growing network of Canadian companies who come together to put the appropriate metrics in place to measure social performance indicators, around community investment and employee volunteering programs in particular.
35 companies are part of LBG Canada, which provides the tools & resources to improve the way community investment teams plan, evaluate and articulate the value of their investments and employee volunteering programs. Companies within the group use their involvement in LBG Canada to enhance transparency and credibility of reporting on social performance within their CSR and Sustainability reports. The recent examples of Hydro-Quebec and TD Bank Financial Group illustrate the importance of clarity in social performance reporting, alongside environmental and governance indicators. The overall result? A stronger more effective report that truly reflects a company’s commitment “to the wellbeing of our communities.”
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