DFGE – Institute for Energy, Ecology and Economy is happy to share its second CSR/sustainability report, which takes the shape of a Communication On Progress (COP).
What is a Communication On Progress (COP)?
In 2015, DFGE produced its first Communication On Progress, a document showing the targets, the actions implemented to reach the targets and the measurement of outcomes for four sustainability issues: Human rights, Labor Practices, Environment and Anti-corruption.
These issues are listed under the 10 United Nations Global Compact principles.
Companies who commit to the United Nations Global Compact need to issue this Communication on Progress on a yearly basis. This document can be considered as the CSR or Sustainability report of the company.
What can be the main highlights?
For each topic, companies can explain which risks they have identified and on which basis, set related targets and formalize commitments in this sense. For instance, DFGE committed to promote UNGC and CSR even more, hoping to have at least one additional partner taking part in this international initiative.
Then, organizations can describe their actions and specify their scope of application, their purpose, etc. For instance, DFGE of course assessed its own carbon footprint to identify sources of emissions that lead to take new commitments and set new targets.
Finally, a measurement of outcomes enables stakeholders to understand the progress of the organization in each domain. For example, DFGE committed in 2015 to formalize hiring processes and to implement appraisal interviews, and in 2016 it was reported that these targets were met.
What are the benefits of such submission?
As a sustainability solution provider, DFGE wants to uphold and support CSR/sustainability international standards. For any company, it is an internationally recognized tool that can help disclose information to stakeholders in an easy way. Indeed, the Communication On Progress offers flexibility as the principles can be adapted to any company according to its size, sector, location, corporate culture. It is also a tool that helps improving sustainability management thanks to the goal-setting and reviewing.