A significant part of the current debate around the advancement of the SDGs now revolves around the fact that the value created by companies (and their ecosystems) cannot be understood by relying solely on financial indicators. Yet, the difficulty lies in how to provide verifiable information on the intangible value created by companies. The Mazars Sustainability Leadership Team, which comprises four leaders - Edwige Rey (France), Jerome Devillers (USA), Kai M. Beckmann (Germany), and Richard Karmel (UK) - demonstrates in its latest article published in the Global Goals Yearbook 2018 the link between sustainability and profitability.
The multifaceted and complex nature of non-financial reporting, as well all the diverse parameters involved are not always obvious for companies. For instance, take the example of water, “without a proper understanding of a company’s operational dependence on water – or of its suppliers’ dependence on water sources – companies are at risk of destroying value for shareholders and exposing themselves to major reputational risks” explains Jerome Devillers. Therefore, it is only when companies take into consideration the entire scope of their impact on society, that they can understand the undeniable link between the health of their communities and their long-term growth prospects. If Corporate Social Responsibility (CSR) is seen as only a compliance matter, it remains a cost and little value is achieved. Acting responsibly as well as respecting people and the environment needs to be built into the broader business model.
This is where Mazars can step in as a privileged business partner. At Mazars, we believe in doing Business. For Good®. As a global audit & advisory firm, we see it as our duty to work towards a more inclusive, responsible, and sustainable world. We help business leaders to think and act long-term in order to enhance business performance and pursue profit responsibly for the benefit of companies, their stakeholders, and wider society. Through knowledge, tools, and services, Business. For Good®. was built to help ourselves, our clients, and wider stakeholders become truly sustainable actors, on all levels. With global experts able to respond to increasing challenges within a more demanding and disparate CSR regulatory system, Mazars is in a position to serve and advise ever more complex clients.
Mazars, proud sponsor of the Global Goals Yearbook 2018
Mazars is proud to be the gold sponsor of the 2018 Global Goals Yearbook - a publication published under the auspices of the macondo foundation, in support of the SDGs and the advancement of corporate sustainability globally. It offers in-depth information on key sustainability issues and promotes comprehensive knowledge-exchange and learning in the spirit of the SDGs and the Ten Principles of the UN Global Compact. The Global Goals Yearbook helps to advance corporate transparency, promotes the sharing of good business practices, and, perhaps most significantly, gives a strong voice to the regional and global stakeholders that are at the heart of the sustainability agenda.
This year’s edition, ‘Partnerships for the Goals’, discusses the many aspects of how private-sector engagement can be improved. Recommendations are, among other things, to revise multilateralism, partnership models, and processes as well as to invest more in trust, a failure culture, as well as metrics and monitoring. Mazars is excited to be part of this journey.