gri latest sustainability reporting trends 2013
DESCRIPTION
TRANSCRIPT
Venue, Date
GRI Update: The Latest Trends in Sustainability Reporting Boston College CCC February 13, 2013 Atlanta, Georgia
Mike Wallace, Director Global Reporting Initiative, Focal Point USA [email protected] Marjella Alma, Manager External Relations Global Reporting Initiative, Focal Point USA [email protected]
What is the current
situation?
What do we know?
•We have 1 planet
•We know it’s acreage (or is it hectares)?
•We know how much it has produced
•We know how much we’d like it to produce
What do we know?
What do we know?
• CSR - Corporate Social Responsibility
• CC - Corporate Citizenship
• SD - Sustainable Development
• ES - Environmental Sustainability
• BE - Business Ethics
• CE - Corporate Ethics
• CG - Corporate Governance
• ESG - Environmental, Social & Governance
• IR - Integrated reporting
• SV - Shared Value
• II - Impact Investing
What is GRI’s role?
GRI’s Vision & Mission
Vision
A sustainable global economy where
organizations manage their economic,
environmental, social and governance
performance and impacts responsibly and report
transparently.
Mission
To make sustainability reporting standard practice
by providing guidance and support to
organizations.
GRI Guidelines
GRI Principles:
These guide the content and quality of your
reporting.
Materiality, boundary-setting, inclusiveness,
stakeholder engagement etc.
GRI reporting elements:
1. Profile Disclosures
Strategy, About, Governance.
2. Disclosures on Management Approach
EC, EN, LA, HR, SO, PR
3. Performance Indicators
EC, EN, LA, HR, SO, PR
Sample Indicators EN 3 - Direct energy consumption by primary energy
source
LA 7 - Rates of injury, occupational diseases, lost days and
absenteeism, and number of work related fatalities by
region.
HR 6 - Operations and significant suppliers identified as
having significant risk for incidents of child labor,
and measures taken to contribute to the effective
abolition of child labor.
PR 6 - Programs for adherence to laws, standards, and
voluntary codes related to marketing communications,
including advertising, promotion, ad sponsorship.
EC 6 – Policy, practices and proportion of spending on
locally-based suppliers at significant locations.
Who is using GRI?
A Progress Report
• Reviewed 3400 companies representing the national leaders from 34 countries around the world, including the 250 largest global companies
• Ninety-five percent of the 250 largest companies in the world (G250 companies) now report on their corporate responsibility (CR) activities, two-thirds of non-reporters are based in the US.
• CR reporting has gained ground within the Top 100 companies in each of the 34 countries surveyed.
• The total number of reporting N100 companies increased by 11 percentage points, to 64 percent in 2011.
• Eighty percent of G250 and 69 percent of N100 companies are now aligning to GRI reporting standards.
October 2011
GRI Reporting in the US (2007 – 2011)
*Based on Sustainability Disclosure Database data from 4 February 2013
0
50
100
150
200
250
300
2007 2008 2009 2010 2011
Relative growth in GRI reporting in the US
’07 – ’08 ‘08 – ’09 ‘09 – ’10 ’10 – ’11
67% 21% 30% 42%
GRI Reporters
Is there measurable ROI?
Investor Coalitions • Principles for Responsible Investment (PRI) [2006]
– Currently represents over $22 Trillion in investment capital
– Close to 1000 signatories
• Investor Network on Climate Risk (INCR) [2003]
– Currently represents over $9 Trillion in investment capital
– 90+ members
• Carbon Disclosure Project (CDP) [2002]
– Currently represents over $71 Trillion in investment capital
– act on behalf of 551 institutional investors
• Institutional Investors Group on Climate Change (IIGCC) [2001]
– Currently represents $6 Trillion in investment capital
– 70 members
• Interfaith Center on Corporate Responsibility (ICCR) [1972]
– Currently represents over $100 Billion
– 300 members
Financial Market Uptake
Sustainability Performance
MSCI World & GRI 2002 to 2012
S&P 500 & GRI 2001 to 2011
GRI Reporting - Does it matter?
What are some unique
developments?
Stock Exchange Activity
May 2010 January 2011
Public Agency Uptake "More governments are making sustainability
reporting mandatory.“
• 142 regulatory instruments addressing
sustainability reporting exist in over 30
countries
• 65% are classified as mandatory, the rest
voluntary
• United States
• WH CEQ - EO 13514
• USPS, US Army, GSA, etc….
• SEC
• Dodd-Frank
• CA Transparency on Trafficking &
Slavery
Recent Precedents
Supply Chain Ripple
What’s the North
American plan & how can
you help?
GRI: North American Presence
• Governance Bodies – US BoD, Advisory Group
• 6 Sector Leaders
• 100+ Organizational Stakeholders
• 6 Certified Training Partners
• GRI Master Classes/G4 workshops
• Regional Conferences
• Webinars
• (Research) projects
Association Activity
HELP: Reduce, Reuse, Recycle
Survey Fatigue & SMEs
Training
Customer
Suppliers
GRI Stakeholders
Regional Capacity Building Program
Sustainability Disclosure Database
GRI Benchmarking Database
database.globalreporting.org
• Depicts who
reports & to what
extent
• Provides country
& sector filtering
capabilities
• Identifies &
benchmarks
material issues
most reported
What you should know
about G4?
How the GRI network does it?
Through a “Due Process” !
BoD
Public
Comment
Period
WG BoD
Public
Comment
Period
SC +
TAC
G4 challenges • Demand for sustainability performance
information is increasing – also from regulators
• Metrics is not coherent/harmonized
• Lack of precision - leads to high reporting and verification costs
• Most reports lack material focus
• Information in pdf of other unfriendly formats
• “Integrated Reporting” is a trend
G4 Objectives
• To be user-friendly for beginners and experienced reporters
• To improve the technical quality, clearer definitions
• To align with other reporting frameworks
• To offer guidance which leads to material reports (“materiality”)
• To offer guidance on how to link the sustainability reporting and Integrated Report - aligned with IIRC
• To provide support to improve data search (XBRL)
Revisions
• Disclosure of management approach
• Governance and remuneration
• Boundary-setting (Value Chain)
• Application Levels
• Supply Chain
• Revision - topics: GHG, Anti-Corruption,
• And… material topics per sector!
Status
• GRI Working Groups have finalized their work
• Two Public Comment Periods have been succesfully completed
Next steps
• Approval by Stakeholder Council and TAC
• Approval by Board
• Release on 22 May 2013
Venue, Date
GRI CONFERENCE
22-24 May 2013, Amsterdam
Global Conference and N-A events
11 April Pre-Conference event at NYSE
21 May North American outing, seminar and cocktailparty, NYSE Euronext, Amsterdam
22-24 May Global Conference, Amsterdam
Public North-American event & networking dinner
June Post Conference events in the US
There are sponsorship opportunities
More involvement with GRI?
In addition to getting started with GRI reporting,
you can:
• Join the Organizational Stakeholder Program
• Become a US Sector Leader
• Participate in Working Groups
• Participate in Governance Structures
Venue, Date
Thank you! More information: www.globalreporting.org http://database.globalreporting.org Mike Wallace, Director Global Reporting Initiative, Focal Point USA [email protected] Marjella Alma, Manager External Relations Global Reporting Initiative, Focal Point USA [email protected]