Disclosing sustainability risks, engaging stakeholders vital to corporate interests

Although the growing acceptance of reporting frameworks such as the Global Reporting Initiative (GRI) is spurring strategic thinking about disclosing and managing sustainability risks, companies and other organizations need to do more, including setting targets to reduce energy and water consumption and identifying and meeting with stakeholders, according to Professor Carol Adams, pro vice-chancellor (Sustainability) at La Trobe University and fellow of global accountancy body Association of Chartered Certified Accountants (ACCA ).