What is sustainability assurance?
The recent years have witnessed a rise in demand for increased transparency and accountability from businesses world-wide by employees, customers, the media, governments, NGOs and other stakeholders. In turn, this has lead to more and more companies reporting on wider economic, social and environmental aspects alongside their annual financial statements.
Such reports are named after a wide range of related terms, for example after ‘corporate social responsibility’ or ‘corporate citizenship’, but we refer to them as sustainability reports as they usually cover economic, social and environmental issues.
With the rise in sustainability reporting, an increasing number of companies also seek assurance for their reports. At the most basic, sustainability assurance is about having an external party reviewing and evaluating evidence in order to come up with a conclusion on whether the information disclosed in a sustainability report is presented in a fair and balanced manner.
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Assurance portal - AccountAbility AA1000 Wiki