Reco - Reporting in Construction
Business transparency is a salient aspect in order to reach more responsible and sustainable business operations. In 2017, Sweden enacted a new legislation, making Sustainability Reporting mandatory for larger companies based on turnover, balance and employee number, which affects merely about 0.2% of all Swedish companies. As 87% of all construction companies have belowfive employees, this only affects a small fraction of the construction industry.
Therefore, RECO was founded to target these smaller companies, which together make up for a huge amount of the total harmful effects caused by the construction industry. In addition to the environmental challenges, the industry also has social aspects with room for substantial improvements, both by preventing illicit working and improving work conditions.
With support from SSE researcher Emilia Cederberg and representatives from SEB and Handelsbanken, a template was created to support and encourage small construction firms to sustainability report. This includes both an introduction with information of what the report aims to do and benefits gained from it, a stakeholder and essentiality analysis and lastly the final report. The template hasbeen delivered to several firms that consider using it for their next annual reports.Through RECO, we increase the knowledge and awareness of sustainable reporting, and thus primarily target SDG 7, 8 and 12.