Stakeholder Panels for Sustainability Reporting
Award winning sustainability reporters seem to like stakeholder panels, which provide a critical sounding board, collaboration opportunities and credibility. And they are probably cheaper compared to using an assurance process offered by branded management consultants. Short link: http://wp.me/p27qSt-2a
Many of the ACCA-CERES award winning sustainability reporters from North America utilized stakeholder panels as part of their reporting process. These include
Stakeholder panels or similar focus groups are also popular in the extractive sector at both company and industry association level. Take the International Petroleum Industry Environmental Conservation Association (
Some of the major extractive companies in Canada also like stakeholder panels as a vehicle to collect structured feedback for sustainability reporting purposes. Teck, Canada’s largest diversified mining, mineral processing and metallurgical company, used a
An interesting report about stakeholder panels, entitled 'Critical Friends, The Emerging Role of Stakeholder Panels in Corporate Governance, Reporting and Assurance (March 2007), can be accessed here. I have also recently blogged about misperceptions about sustainability reporting and latest statistics relating to the use of GRI Check and Third Party to boost credibility in sustainability reporting using the GRI framework.
What are your experiences and views about use (or misuse) of stakeholder panels and focus groups in the context of sustainability and CSR reporting?
Other blogs on panels you may be interested in: