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Global Reporting Initiative A Common Framework for Sustainability Reporting

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Page 1: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Global Reporting

Initiative

A Common Framework for Sustainability Reporting

Page 2: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Today’s Agenda

Growth of Sustainability Reporting

Financial Services Supplement

Page 4: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

The GRI Reporting Framework

Principles

Standard

Disclosures

G3

+Sector Supplements

National Annexes

Page 5: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Performance Indicators

• Economic

• Environmental

• Labor Practices

• Human Rights

• Society

• Product Responsibility

Page 6: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Use of the Guidelines

Page 7: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Why Report?

Internal Benefits

Build strategy

Employee motivation

Internal coordination

Learning

External Benefits

Competitive positioning

Reputation/brand

Stakeholder relationships

Reinforces commitment

Page 8: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Use Reporting to Link External and

Internal

External

Engagement

Management

Processes

Sustainability

Reporting

Page 9: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Commitments into Actions

Principle 1 - 5

Principle 7-9

Principle 10

Labor Practices

Human Rights

Product Responsibility

Environmental

Society

Global Compact Principle GRI Indicators

Page 10: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

The Supplement

Page 11: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Why Create Sector Indicators

Direct ImpactsIndirect

Impacts

Page 12: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Why Create Sector Indicators

Direct

Impacts

Indirect

Impacts

Page 13: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

GRI Sector Supplements

Pilot and Board Review Underway Pipeline

Automotive Apparel and Footwear Oil and Gas

Telecommunications Electricity Utilities Construction

Financial Services NGOs / Foundations Information technology

Tour Operators Food Processing

Public Agencies

Mining and Metals

Logistics and Transportation

Page 14: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

What Happens in a Supplement?

Analyze

Key Issues

Gap

Analysis

1. Commentary

2. New Indicators

Page 15: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Working Group Process

2001-2002 Social Indicators

2004-2005 Environmental Indicators

Working Group

Public Comments

2006-2008 Final Version

Working Group

2 Comment Periods

Page 16: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Revising the Financial Services

Supplement

Emerge with a single supplement

Final set of tested disclosures and indicators

Develop supporting indicator protocols

Align with the G3 format

Page 17: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Principles Behind the Supplement

Design of

Products & Services

Portfolio of Sustainable

Products

Environmental Social

Disclosures D1- D5

Performance Indicators

Page 18: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Key Issues for Financial Institutions

Products &

Services

Active

Ownership

Portfolio lending

Volume of

products

Social

Access to

Services

Responsible

service provision

Financial literacy

Pay equity

Environmental

Travel & CO2

Paper/IT

Equipment

Page 19: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Emerging Issues

Human rights complicity

Biodiversity and other global commons

Embedded carbon

Page 20: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Major Changes

Merged environmental and social supplements

Indicator refinements

Environmental indicators largely unchanged

Redundancies eliminated and new indicators

added

Formatted to match G3 – disclosures/indicators

Page 21: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Coming Soon!

Plan to use it for 2009!

Current supplements will be retired

Page 22: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity

Moving Reporting Forward

Use the Guidelines!

Let us know!

Become an Organizational Stakeholder of GRI!

Use our newsletter!

Visit us online: www.globalreporting.org

… or just simply:

GET INVOLVED!!!

Page 23: Global Reporting Initiative · 2008-08-13 · GRI Sector Supplements Pilot and Board Review Underway Pipeline Automotive Apparel and Footwear Oil and Gas Telecommunications Electricity