This Jones Lang LaSalle's paper explores today's sustainability reporting landscape and compares it with the traditional model. It looks at the issues facing companies in Australia with regard to sustainability reporting requirements and presents a roadmap towards meeting the challenges.
Summary
The Australian commercial building industry is facing an ever growing demand for high-level sustainability reporting requirements.
In their 2007 study of sustainability sentiment within the Australian real estate industry, Jones Lang LaSalle found that 28% of respondents were facing high-level sustainability reporting requirements and the responses indicated that those facing the highest level reporting requirements were occupiers and companies operating either regionally or globally. However, 37.5% of local operators indicated they were facing strong reporting requirements, reflecting a trend in the market where multinational companies have typically had a bigger focus on sustainability reporting, and this now trickling down to local and smaller operators. The survey also found that 58% of respondents estimated that sustainability reporting requirements added additional costs to their annual reporting processes. 48% of respondents said sustainability reporting cost them up to 5% more, while 10% said sustainability reporting was costing them over 5% more.
The demand for auditable and robust data on sustainability performance for corporate reporting and operational purposes is of significant concern to those reporting on sustainability performance for real estate portfolios. Organisations are now increasingly required to provide reporting across performance, operational and corporate structures and are finding that previous data collection methods are not providing them with the flexibility and detail they need now and into the future. Primarily, they are requiring scalable, robust data collection methods that allow them to prepare accurate reports in a timely and cost-effective manner.
This paper by Jones Lang LaSalle explores today's sustainability reporting landscape and compares it with the traditional model. It provides an overview of the most relevant national and international reporting initiatives to Australian organizations and categorises them according to the type of reporting requirement including: carbon, voluntary, investment, legislative, corporate, and operational. It looks at the issues facing companies in Australia with regard to addressing these reporting requirements and provides them with a roadmap towards meeting the evolving sustainability reporting challenges.
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