Since the sustainability reporting is relatively a new concept, many organisations find it difficult to prepare. What are the challenges in mainstream sustainability reporting?

Some of the challenges in mainstreaming sustainability reporting are- Government Encouragement: In many jurisdictions, there are no guidelines on sustainability reporting to encourage the corporate sector. It is the need of the hour that Governments should encourage the corporate in their jurisdiction to adopt the sustainability reporting as a measure of good corporate governance. Awareness: Lack of awareness about the sustainability reporting is also a major challenge which the Government and Corporate Governance bodies need to address by arranging the sustainability awareness programme for the Professionals, Board of Directors and Management in the corporate sector, as these are the persons who will drive sustainability reporting initiative for an organisation. The government/regulators should organize such awareness programme jointly with the experts in the field of Sustainability Reporting. Expertise Knowledge: The professional bodies in various jurisdictions should impart the expert knowledge of sustainability reporting to their members to develop a good cadre of experts in this emerging area of sustainability reporting. Investor Behaviour: It is a recognized principle that investors should consider the Environmental, Social and Governance (ESG) issues while making investment decisions. There are specific regulators guidelines for the institutional investor to be vigilant on voting aspects and be concerned about the governance practices of the companies in which they invest. It should be a practice that the investor fund flow to those organization following the good governance including reporting on sustainability aspects.