Sustainability Reporting Vs. Corporate Social Responsibility: What's the Difference?

Both Sustainability Reporting and Corporate Social Responsibility (CSR) aim to create positive impacts, but did you know they serve different purposes?

CSR focuses on voluntary activities that reflect a company’s ethical values, like community outreach or charity initiatives. 

Sustainability Reporting, however, is data-driven and reveals how your business operations impact the environment, society, and economy over the long term.

But here’s the game-changer: IFRS S1 and IFRS S2 are the new global standards shaping sustainability reporting!

• IFRS S1: Ensures consistent, reliable sustainability disclosures across all companies.
• IFRS S2: Focuses on climate-related risks, helping businesses disclose how they manage these risks and opportunities.

With these standards, your sustainability reporting becomes more transparent, standardized, and aligned with financial reporting making it easier for stakeholders to assess your company’s true sustainability efforts.

Romeo Yohane

Director, Ethics and Independence 

Want to know how your company can meet these standards? We offer implementation and training programs to help you lead the way in sustainability reporting. Fill in the form below to get to get started today!