Committee constitute sustainability? What is a measure of sustainability? Inputs such as the number of dollars spent on teaching the code of Email List ethics; or outputs such as the number of hours taught; or results such as the number of cases considered by the ethics committee and its decisions; or impact such as the change brought about in the culture of the company? Which of these four attributes are reported through ESG indicators? Which ones indicate a potential financial impact? The users of the information: Every stakeholder uses a very different lens to make their decisions — from investors to managers to the community, employees, labor unions and governments.
Each group is concerned about the impact on their stakes. Most users, especially those in the financial markets, are used to the strictures of financial accounting and want information that is comparable, relevant and reliable, among other attributes. But comparability requires the reduction to a minimum set of common information and its indicators, that risk losing relevance and reliability. Comparability requires generalization, but relevance requires specificity.