Impact Assessments and Sustainability Reporting
Impact assessments and sustainability reporting are tools organizations use to measure and communicate sustainability performance. While related, they each serve a particular purpose. Impact assessments provide third- party verification to evaluate an organization’s operations’ environmental, social, and economic impacts. Through sustainability reporting, on the other hand, organizations disclose information related to their environmental stewardship, social responsibility, and governance practices. While the structure and emphasis may differ, impact assessments and ESG reporting cover similar elements of a business, such as carbon emissions, labor practices, community engagement, and corporate governance. Each can enhance transparency, build stakeholder trust, and help align strategic decision-making with sustainability goals. By systematically collecting, analyzing, and disclosing data, companies benchmark their performance against industry standards, set measurable targets, and track progress over time. Ultimately, these tools facilitate regulatory compliance and stakeholder confidence and foster a culture of continuous improvement and long-term value creation for the organization and its stakeholders.
At Quark Expeditions, we are adopting sustainability reporting frameworks so we can accurately assess our progress and identify areas for future improvement. This report contains many of those components. For example, most reporting standards require reporting on Scope 1 carbon emissions, which you can find in the Carbon Accounting section below. Similarly, in the Partnerships section, you can read about some of the ways in which our team—along with our guests—support local communities. The complexity and scope of gathering accurate and comprehensive data across all aspects of our operation have posed challenges to fully adopting sustainability reporting frameworks quickly at Quark Expeditions. To address this, we are enhancing and broadening the scope of the data we collect by involving more stakeholders and developing more robust protocols and processes for data collection. We are also developing training on sustainability metrics and reporting requirements, which will help to capture more accurate and consistent data. The steps we have taken so far demonstrate our commitment to environmental stewardship and social responsibility. We look forward to sharing more details as we continue to make progress on our sustainability journey.
10 | For more information, contact Quark Expeditions at Sustainability@QuarkExpeditions.com
Polar Promise 2023 |
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