As part of the ongoing work carried out by the Global Compact Network Spain with the reporting and promotion of the 2030 Agenda in the private sector, the Spanish translation of the publication «Integrating SDGs into Corporate Reports: A Practical Guide» is presented. The document is a tool for all kinds of companies to take stock of the actions they are carrying out and to discover what other priorities they must take on in order to contribute to the achievement of the SDGs.
This translation work is framed in the collaboration of the Spanish Network with the Action Platform Reporting on the SDGs led by UN Global Compact and Global Reporting Initiative (GRI) with the collaboration of the Principles for Responsible Investment (PRI) initiative. This multistakeholder platform is composed of experts from all over the world who work for the integration of the SDGs in the elaboration of corporate reports based on the Ten Principles of the UN Global Compact and on the GRI standards. In this way, companies can incorporate information about SDGs into their existing processes and into their current corporate reports.
Report with the same language
This guide aims to be a standardised tool for all companies, regardless of size, sector or geographical location, to report on their contribution to and impact on the SDGs in an effective and comparable manner. Its objective is to help companies move beyond the current trend of merely listing SDG-type activities and programs to drive the change.
‘Iberdrola is aware that the SDGs offer a new vision that allows us to translate our global needs and aspirations into solutions. They are a viable model for long-term growth and will help companies to develop stronger strategies. The integration of the SDGs in business plans encourages the identification and management of risks and material costs, the creation and access to new markets, as well as the innovation of business models, making them more efficient, thus aligning the strategy and expectations of the company with its employees, customers, investors and the communities in which it operates.’ states Agustín Delgado, Sustainability Director, Iberdrola.
The content of this publication has been produced in accordance with the United Nations Guiding Principles on Business and Human Rights, the Ten Principles of the UN Global Compact and the Global Reporting Initiative (GRI) Reporting Framework. The publication describes a «reasoned prioritization» process designed to help companies to identify and prioritize their goals in relation with the 2030 Agenda, take action and report on their progress.
This approach helps companies to integrate the SDGs into existing corporate responsibility and sustainability reporting programs. It also serves as a link between risk management and new business models that can contribute to the achievement of the SDGs.
Apart from informing external stakeholders – including investors – corporate sustainability reporting is a powerful incentive to internal dialogue and decision-making regarding contribution to the SDGs at all levels within a company.
This Practical Guide does not create a new framework for reporting. Instead, it describes a three-step process for integrating the SDGs into existing corporate and reporting processes.
- Step 1: Addresses the process of prioritizing impacts and identifying the main SDGs for a company to adopt an active participation and report on.
- Step 2: Discuss how to set the company’s objectives, select content, and analyze performance.
- Step 3: Provides tips and guidelines for reporting and improving the SDGs performance. These steps do not necessarily have to be sequential; they can be tailored to specific circumstances.
The publication is intended to be used together with other tools published by GRI, the United Nations Global Compact and its partners as part of a company’s regular reporting cycle.
Business Reporting on the SDGs: An Analysis of the Goals and Targets: An analysis of goals and objectives, with qualitative and quantitative assessments of these. It also lists illustrative measures that companies can take to contribute to the achievement the SDGs.
In Focus: Addressing Investor Needs in Business Reporting on the SDGs: provides additional information on relevant SDGs’ issues in corporate reports.