Sustainability In The Intellectual Property Life Cycle

Businesses worldwide are increasingly expected to prioritize environmentally and socially responsible practices and act "sustainably" as an organization. Scrutiny may come from investors, customers, staff or business partners, and such pressure often demands strongly defined goals combined with clear ways to measure progress.

To cultivate the right perception, it is necessary to demonstrate sustainable operations through reporting, decision-making and marketing. In the EU, for instance, the proposed Corporate Sustainability Reporting Directive (CSRD) would expand reporting requirements for all large companies and those listed on regulated markets. This directive would introduce more detailed disclosure obligations while mandating audits of published information and the digital tagging of data. There are also voluntary initiatives: Last year, a group of more than 70 companies agreed on the Stakeholder Capitalism Metrics, a set of universal disclosures on