Communicating Progress

Reporting to stakeholders in a transparent and public manner is fundamental for companies committed to sustainability. As UN Global Compact Participants, businesses are required to submit an annual Communication on Progress (CoP) report, while non-businesses a bi-annual Communication on Engagement (CoE).

Corporate transparency and objective reporting have gained increasing importance for advancing the UN Sustainable Development Goals and the Ten Principles of the UN Global Compact. Effective corporate reporting, combined with accountability mechanisms, enables companies to set goals, track performance, and identify areas for innovation to meet ambitious targets.

Reporting, however, is neither the start nor the end of a company’s sustainability strategy implementation – it’s a strategic tool that:

• Engages stakeholders;
• Attracts investments;
• Supports sustainable decision-making processes at all levels within a company;
• Guides innovation and drives better performance and value creation.