Corporate legacy has created much of the climate issues we are facing today.

For far too long, companies have been able to operate without levels of accountability.

This has brought about the devastating social and environmental damages we are seeing more than ever before.It is now more necessary than ever for corporations to be held accountable for more than mere financial performance.

Consumers are increasingly no longer interested in supporting companies that are only out for their own profit margins.Companies are also already coming up against regulatory changes, externality taxes and higher demands on corporate responsibility and transparency.

As such stakeholders and investors are looking for the same level of sustainable alignment.Why is sustainability reporting important?It helps to track environmental, social and governance (ESG) performance which gives businesses a better understanding of where they need to improveIt promotes transparency and accountability with customer bases and stakeholders, which can also assist in building trust in the brand in questionIt opens doorways for optimization in sustainable development, in turn changing companies and businesses into tools to positively impact our worldIt communicates to stakeholders and investors that a corporation has intentions for long term sustainable progressIt ensures that the environmental, social and governance (ESG) gains are strengthened and intentionally pursuedIt incentivises better practices by rewarding the companies that are performing strongly on corporate sustainability inclusionBy making sustainability a priority, companies can actually avert potential financial risk.

According to the World Economic Forum Global Risks Report released in 2018, almost half of all significant business risks are environmental.

Since network externality concept means that as with checks and verification at many ranges.

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Even-though urbanization and industrialization have led to the social and economic transformation of human society, there are some festering consequences that have emerged as the global concerns in the recent past years.

The microbial contamination of water as a result of the discharge of urban sewage and industrial waste into water reservoirs is the primary negative environmental externality of the rapid industrialization and urbanization.

Intake of contaminated water causes many illnesses including diarrhea, cholera, typhoid, and dysentery.

Therefore, in order to provide hygienic and pathogen-free potable water to the consumers, the authorities involved in the drinking water supply chain are increasingly adopting bacteriological testing instruments and kits.

For instance, bottled water volume in the USA was increased from 12.8 billion gallons in 2016 to 13.7 billion gallons in 2017, an increase of 7%.

The expanding demand for pharmaceutical drugs across the world is creating safety concerns related to pharmaceutical manufacturing and raw material sourcing.