Are more sustainablity disclosures enough

Are more sustainability disclosures enough without sustainability accounting?

Are sustainability reporting and disclosure efforts mainly checking boxes, or are they driving the level of change we need to successfully address our global sustainability challenges?

In the context of increasing mandatory sustainability disclosures around the world, our latest Proxima thinks! article dives into this rapidly expanding and evolving field to find out whether its actually making a difference. What we found was a deeper need for transformation; not for more information, but better information. Our conclusion is that urgency, technology and a state-driven vision are converging to accelerate a sustainable economic transition.

Sustainability reporting should be useful to drive better decisions by customers, investors and managers that support and accelerate the transformation to a thriving and sustainable future. That's not happening, at least yet.

Read the article to find out how:

Mandatory disclosures are adding more cost than value without meaningfully influencing corporate behavior and providing the level of transparency required.
Whilst still not a perfect solution, the shift from traditional disclosures to more granular sustainability accounting is crucial for to provide more accurate, comparable and actionable data that will drive change more quickly.
Integrating AI, IoT, and blockchain technologies will support accurate, real-time data with genuine transparency for customers and investors; and more useful information for managers.
Business leaders in Aotearoa can leverage these insights to capitalise on the benefits of proving better sustainability performance by being ready and prepared.