The incorporation of the six capitals in reporting marks a further evolution of the movement away from mere quantitative reporting, which started when the triple-bottom-line approach heralded the philosophy of integrated reporting, and combines the traditional reports around financial statements with sustainability information and measures.
The six-capitals approach further refines the parameters for well-structured sustainability reporting. It promotes a focus on value creation inside and outside the organisation, and fosters a forward-looking approach.
The focus on sustainability is set to intensify. Towards the end of 2015, the United Nations published 17 SDGs in terms of its 2030 Agenda for Sustainable Development, which aims to end poverty, protect the planet and ensure prosperity for all.
Grindrod supports these goals and will progressively incorporate them in its business and reporting approach.
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