March 31, 2015
As global firms increasingly integrate financial and environmental reporting, paints and coatings company AkzoNobel is taking integrated reporting to the next level and measuring the four dimensions of capital: financial, natural, social and human.
AkzoNobel says it will scale up a fourth-dimensional impact assessment approach following a successful pilot.
Some are calling it the future of integrated reporting.
Pavan Sukhdev, CEO of sustainability consultancy GIST Advisory says the pilot “showcases the future of impact valuation and integrated reporting.”
And Adrian de Groot Ruiz, True Price executive director at True Price, a sustainability research organization that confirmed the 4D approach to be the first of its kind to be published, calls it “the future of integrated thinking and reporting.”
The so-called 4D method looks at the whole value chain and is designed to measure both positive and negative environmental, human, social and financial impact. It has been piloted at AkzoNobel’s Pulp and Performance Chemicals business and five other sites in Brazil. The pilot took place during 2014.
This is a repost from the Environment Leader. To read more on “Is the Future of Corporate Reporting 4D?”