Sustainability Reporting: How to get started and why it s worthwhile

Transcription

1 Sustainability Reporting: How to get started and why it s worthwhile Marjella Alma February 11, :00-3:00p.m. ET

2 About RILA The Retail Industry Leaders Association (RILA) is the trade association of the world s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and operate more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad. Learn more at

3 Join us this year in Orlando! The 2013 Conference will continue 2012 s four track format: Environmental Compliance Marketing & Public Relations Real Estate & Facilities Management Merchandising & Sourcing Learn more at or erin.hiatt@rila.org Sponsored by:

4 Latest Trends in Reporting Mike Wallace, Director Global Reporting Initiative, Focal Point USA Venue, Date Marjella Alma, Manager External Relations Global Reporting Initiative, Focal Point USA RILA, Webinar, 11 February 2013

5 Key objectives GRI More reports! Better reports!

6 How does GRI help? GRI Mission To make sustainability reporting standard practice by providing guidance and support to organizations.

7 The 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

8 GRI s latest Sustainability Reporting Framework G4 The G4 Development Process

9 G4 challenges Demand for sustainability performance information is increasing Metrics are not coherent/harmonized Lack of precision - leads to high reporting and verification costs Many reports lack material focus Information in unfriendly formats Integrated Reporting is a trend

10 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)

11 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!

12 Status GRI Working Groups have finalized their work Two Public Comment Periods have been successfully completed Next steps Approval by Stakeholder Council and TAC Approval by Board Release on 22 May 2013

13 Current Status of GRI-based reporting worldwide 95% of Global 250 companies issue sustainability reports 80% use GRI 1

14 GRI-based sustainability reports in US Sustainability Reports in the USA GRI G3 + G3.1 GRI reference Non-GRI sustainability report US GRI data partner 46% growth in absolute number of GRI reports (w/ index)

15 Mainstream involvement

16 Environmental Criteria (2010) Company Names Environmental Disclosure Score Total Energy Consumption (Mwh) Total GHG Emission (Th Tonnes) Water Consumption (Thousands of cubic meters) Total Waste (Thousands of metric tons) Apple n/a n/a --- n/a CA, Inc. n/a n/a n/a n/a Dell EMC Fujitsu HP Intel n/a IBM n/a Microsoft n/a Toshiba

17 // Environmental, Social, Governance over time, GRI reporters outperform the benchmark HFA<GO>

18 // Environmental, Social, Governance ASSURED REPORTERS OUTPERFORM EVEN MORE

19 Low assurance uptake in USA 100% 90% 80% 70% 60% 50% 40% Not assured Externally assured 30% 20% 10% 0% Africa Asia Europe Latin America Northern America Oceania * Data from the Sustainability Disclosure Database as of 12 April 2012

20 Supply Chain Ripple Sept 2011 GSA Oct 2011 MS Jan Apple

21 GRI: the New York office Governance Bodies US BoD, Advisory Group 6 Sector Leaders 106 Organizational Stakeholders 6 Certified Training Partners GRI Master Classes/G4 workshops Regional Conferences Webinars (Research) projects

22 HELP: Reduce, Reuse, Recycle

23 Survey Fatigue & SMEs Customer Training Suppliers GRI Stakeholders

24 Regional Capacity Building Program

25 Sustainability disclosure database

26 GRI Benchmark Who reports to what extent Country filter Sector filter Helpful for materiality assessment database.globalreporting.org

27 GRI CONFERENCE May 2013, Amsterdam

28 Global Conference and N-A events 11 April Pre-Conference event at NYSE 21 May North American outing, seminar and cocktailparty, NYSE Euronext, Amsterdam May Global Conference, Amsterdam June Public North-American event & networking dinner Post Conference events in the US There are sponsorship opportunities

29 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

30 Thank you! More information: Venue, Date