A Sustainable Economy. Through Monitoring?
The role of monitoring and reporting plays in regards to the expansion of sustainability in the market place is exceptionally important as it creates a checks and balances scenario for the different companies within the varying sectors. Within the engineering field, we in many ways play the part of the monitoring (in the municipal areas) by providing accurate data to show whether a company is employing sustainable practices during the construction of a building, mitigation of a site, etc. Now, we predominantly must follow regulations/standards set forth by the Army Corps. Of Engineers, as well as other entities. Since we work as a primary party and a third party (brought in to monitor others). Keeping this in mind, the implementation of a blanket policy has proven beneficial as it has pushed comparisons and transparency throughout the engineering market (within the U.S.). Having said that, an important aspect that has been brought up is the accuracy of transparency and sustainable reporting. The GRI is helping to bridge this gap as it brings together one central entity for sustainable reporting. In doing so, a set standard is becoming more and more prominent. through the ideas and processes of the GRI, there are many different elements that can be beneficial to the overall structure of the market place and its transparency if implemented correctly.