Methodology 12.6 Minimum and Advanced Reporting Requirements
The Global Algorithmic Institute at GlobalAI Co.
Measuring the Minimum and Advanced SDG Reporting Requirements on Behalf of the UN
About the Minimum and Maximum Reporting Requirements
Companies must publish information that meets a “Minimum Requirement” of disclosure to be counted towards the SDG 12.6.1 indicator. Minimum reporting includes a core set of economic, environmental, social and governance disclosures of sustainability information.
Minimum Reporting Requirements
Existing reporting frameworks as well as the Global Core Indicators can meet the Minimum Reporting disclosure requirements. The Global Core Indicators map each disclosure element for the Minimum Reporting Requirements to a relevant SDG indicator and is a set of universal indicators common to all businesses.
Advanced Reporting Requirements
Methodology 12.6.1 also includes “Advanced Reporting Requirements,” with a further set of disclosure elements. These provide impetus for examining and reporting on the sustainability practices and impacts of the company. They include:
- Stakeholder engagement
- Assessing impacts beyond the company boundaries and along the supply chain
- Supplier and consumer engagement on sustainability issues
- Anti-competitive behavior practices
- Advanced environmental performance information in the form of intensity values and other measures to be monitored over time.
The majority of these requirements can be addressed using the European Commission’s Nonfinancial Reporting Directive (NFRD) and TCFD.