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Non-financial reporting

ilker düzdemir
2024-05-21 19:09:47
What is Non-Financial Reporting and Sustainability?Non-financial reporting involves disclosing a company's performance in areas beyond financial metrics, such as sustainability, environmental impact, social responsibility, and corporate governance. This reporting measures and monitors how well a company meets its environmental and social responsibilities, not just its financial success. Sustainability is crucial for preserving natural resources, maintaining environmental balance, and ensuring societal well-being. For companies, it is vital for long-term business continuity and reputation management. Sustainable practices lead to cost savings, increased operational efficiency, and innovative solutions.What is Corporate Culture?Culture is the sum of shared values, beliefs, norms, and traditions within a community. Corporate culture refers to the shared behavioral patterns and values within an organization. It impacts employee motivation, job satisfaction, and overall performance. A strong corporate culture enhances employee engagement, fosters innovation, and helps achieve organizational goals.S&O Reporting1. Tracking Sustainability Performance:• Measures and monitors environmental factors like energy consumption, water usage,waste management.2. Health and Safety:3. Community Engagement:4. Training&Development:• Monitors employee training hours5. Carbon Footprint&Emissions:• Monitors carbon footprint and emissions6. Corporate Transparency and Accountability:7. Efficiency and Innovation:• Promotes operational efficiency and sustainability-focused innovations.8. Internal Communication and Collaboration:Sika, with over a century of operations and presence in more than 100 countries, values these non-financial principles to ensure financial success. Sika integrates these values into its strategic objectives, recognizing them as the greatest investment in people, nature, and the future

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