See excerpt form Green.biz.com
Why does corporate sustainability reporting matter?
Sustainability reporting is a key transparency and accountability mechanism that can drive more sustainable decisions both inside and outside companies. Businesses can use the reporting process to identify gaps and prioritize areas for improvement. At the same time, standardized sector-specific reports can inform the decisions of a range of stakeholders, including investors, NGOs, and customers that have a stake in seeing companies become more sustainable.
Knowing what you do about the oil and gas sector and its current limitations, why do you still work with them on sustainability?
The long term survival of this sector depends on it tackling the triple challenge of climate change, growing demand for finite fossil resources, and new operating challenges that go well beyond engineering, including fragile ecosystems, impoverished communities, and weak governance.
Read more: http://www.greenbiz.com/blog/2011/02/11/oil-and-gas-sector-unveils-more-stringent-sustainability-metrics#ixzz1ITmUsIX9