Reporting, Compliance & Financial Incentives

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Reporting on your overall performance in sustainable development

Today, a sustainable development report following international standards is the preferred tool for credible sustainability reporting and for an organization to meet the various expectations of its stakeholders. This type of report not only presents a portrait of the economic, environmental and social impacts of its activities, but also highlights the organization's values and governance model. It also presents the link between the organization's strategy and its commitment to an economy that integrates the principles of sustainability.

COESIO supports organizations in the production of their sustainability reports. From identifying the disclosure tools to use and the compliance process to follow, to the analysis of relevant sustainability indicators, our team guides you through the entire process of drafting a sustainability report. We can also build the various elements required for effective non-financial disclosure.

Sustainable development is a journey, not a destination. To reach its goal, an organization must set progress targets in order to improve its overall performance, not only from an economic point of view, but also in terms of the environmental and social impact of its activities. The idea is to limit negative impacts and maximize positive ones.

As a result, there is a growing call for organizations to adopt sustainable development practices and to recognize and improve their contribution to future generations. An impressive number of economic and historical studies have shown the relevance of implementing an organizational strategy to progress in this direction, using mechanisms to communicate with and engage its stakeholders.

Different benefits of reporting:

Internally

Better understand risks and opportunities
Influence business strategy and policies
Separate financial and non-financial performance
Reduce costs and improve operational efficiency
Assess and compare the compliance with laws, standards, codes, performance standards, voluntary initiatives
Avoid media controversy
Asses benchmark internal performance

Externally

Better understand the real value of the organization and its resources
Show the organization's influence, pressures and expectations regarding sustainable development
Mitigate or reverse negative environmental, social and governance impacts
Improve reputation and brand loyalty/attraction
Activate and engage external stakeholders

How does sustainability reporting work?

Whether you choose a full implementation of the GRI guidelines or a partial and progressive one, your organization will benefit from a powerful strategic tool and have a significant impact in its market from the very first report.

Our complementary services

Process recognized by the Global Reporting Initiative

The Global Reporting Initiative (GRI) is the most widely used and recognized standard in the world. It provides guidelines for reporting on the economic, environmental and social performance of an organization. This standard is based on ISO 26000, the international meta-standard for corporate social responsibility (CSR), which provides guidelines for organizations to contribute to sustainable development.

Identification, implementation and monitoring of specific indicators or targets

SMART objectives and indicators are used to describe the objectives that we want to express in the clearest, most straightforward way possible and for which the results are achievable. An indicator is a variable that provides information for each stage of a project in order to help make the right decision.

Each indicator is analyzed according to different criteria, such as the amount of information available for a study, the costs involved in setting up the project and the resources that can be obtained, etc.

COESIO offers a preparation mechanism that includes stakeholders, facilitates collaboration and ensures follow-ups for a better measurement of the organization's performance. Depending on your organization's needs and capabilities, our experts will provide you with decision-making tools and dynamic computer-based monitoring tools.

Compliance validation of extrafinancial disclosure elements in annual reports

We can also audit your annual report according to GRI guidelines or best practices, and make recommendations on the structure and content of the report.

Responsible or impact investment approach

Investors are increasingly sensitive to environmental and social issues and are adapting their equity portfolios accordingly. In 2012, socially responsible investment (SRI) represented 20% of assets under management in Canada's financial industry. [1] The trend shows that investors, including individual mutual fund investors, want to know that their investments are responsible and in line with their personal values. They are looking for comprehensive, relevant and credible information.

[1] Les Québécois et l’investissement socialement responsable, portrait 2014, Observatoire ESG UQAM

Qualifying for financial institution and government incentives

There is a strong global trend among financial institutions to set tighter eligibility requirements for financing based on the applicants' extrafinancial performance. Governments are also working towards environmental taxation: some measures already exist and others could be introduced. Organizations that are ready to report on their sustainability performance will be favoured. Ask our experts for more information on the existing financial opportunities and incentives.

Files for grants (federal and provincial)

Daniel St-Onge – General Manager

"What we appreciated about the consultants, Francine Craig and Charles Duchesne, is their approach, their openness and their analysis of the opinions and various perspectives of the council members and citizens. We also value their professionalism and their ability to plan and follow up on a project of this magnitude while staying within the established budget and timeline. Bravo and thank you!"

François Dauphin – General Manager

"We were swept along by a wind of optimism and by the importance of developing a global vision, thanks to the approach of our consultants, Francine Craig and Charles Duchesne. Our organization will has grown from this experience."