What is ISO-TR 28950:2016?

ISO-TR 28950:2016 is a technical report from the International Organization for Standardization (ISO) that provides guidance on the development and use of performance indicators for managing an organization's sustainability performance. This document aims to assist organizations in measuring and reporting their sustainability-related activities, as well as improving their overall sustainability performance.

The Purpose of ISO-TR 28950:2016

The purpose of ISO-TR 28950:2016 is to establish a common framework and set of principles for developing and using performance indicators in relation to sustainability management. It helps organizations define and measure key performance indicators (KPIs) that are relevant and meaningful to their specific sustainability goals and objectives. By providing a standardized methodology, ISO-TR 28950:2016 promotes consistency and comparability in sustainability reporting across different organizations and industries.

Benefits of Using ISO-TR 28950:2016

Adopting ISO-TR 28950:2016 can bring several benefits to organizations. Firstly, it enables them to better understand and evaluate their sustainability performance by providing a structured approach to measuring and reporting. Through the use of performance indicators, organizations can identify areas for improvement, track progress, and make data-driven decisions regarding their sustainability efforts.

Secondly, ISO-TR 28950:2016 enhances transparency and accountability. By adopting internationally recognized principles and guidelines for sustainability reporting, organizations can effectively communicate their sustainability practices and results to stakeholders, including customers, investors, and regulatory bodies. This fosters trust and credibility, which can positively impact an organization's reputation and stakeholder relationships.

Implementing ISO-TR 28950:2016

Implementing ISO-TR 28950:2016 involves several key steps. The first step is to establish clear sustainability goals and objectives that align with the organization's values, strategy, and stakeholder expectations. Next, organizations must identify relevant performance indicators that allow for meaningful measurement and reporting of sustainability performance. These indicators can cover various aspects such as environmental impact, social responsibility, and economic viability.

Once the performance indicators are determined, organizations need to collect and analyze data to assess their sustainability performance. This data can be derived from internal systems, external sources, or through third-party assessments. Regular monitoring and evaluation of the performance indicators enable organizations to track progress, identify trends, and take corrective actions when necessary.

Finally, organizations should communicate their sustainability performance through well-designed reports that adhere to the guidelines provided by ISO-TR 28950:2016. These reports should be transparent, informative, and easily understandable for all stakeholders.