Sustainability reporting helps organisations to set goals, measure performance, and manage change in order to make their operations more sustainable. A sustainability report conveys disclosures on an organisations impacts – positive or negative – on the environment, society and economy. In doing so, sustainability reporting makes issues tangible and concrete, thereby assisting in understanding and managing the effects of sustainability developments on the organisation’s activities and strategy.
Standards for Sustainability Reporting:
- GRI – Global Reporting Initiative
- AAI – Accountability International
- ISO 26000 – Guidance on Social Responsibility
The purpose of the report is to measure the RMG industry's impact on SDGs to communicate with key stakeholders, such as the Government, buyers, trade partners, and communities so that together the industry can take action to support the country. For the past three decades, Bangladesh has been the second-largest exporter of RMG products in the world, exporting to over 132 countries. Exports were estimated to double from 2010 to 2015 and nearly triple by 2022. For the very first time in the financial year 2018-2019, total RMG exports in the country crossed the US$34.13bn mark – an 11.49% increase, according to the report. The 47 factories involved in the report took business decisions based on their impact on the environment and people, among other sustainability priorities. The data showed that all participating factories have an Environment Management System (EMS) policy approved by the factory management. 42% of factories have set measurable goals to reduce energy, waste, and resource consumption that range from 2% to 15% in the next three years; and have set greenhouse gas emissi...
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