Trends in sustainability reporting

Transcription

1 Trends in sustainability reporting Marjolein Baghuis Director Communications & Network Relations

2 Webinar outline Sustainability reporting Global Reporting Initiative GRI s Sustainability Reporting Framework Shaping GRI s G4 Guidelines

3 Our world today and tomorrow Source: Global Footprint Network

4 Managing change What you can t measure, you cannot manage. What you can t manage, you cannot change. Peter Drucker Writer, professor and management consultant

5 What is sustainability reporting? Disclosure on economic, environmental, social and governance performance Stakeholder focused Bridging financial and other types of performance Continuous improvement

6 Who is reporting and why?

7 The business case for reporting Opportunities Competitive advantage Internal Improve management process Reduce waste, CO2, water usage Government and stock exchange requirements Attract & retain talent Attract investors Stakeholder engagement Enhanced reputation & loyalty External Risks

8 Sustainability reporting trends KPMG International Corporate Responsibility Reporting Survey 2011 The largest and most comprehensive survey of CR reporting trends published Key Findings Corporate responsibility reporting has become the de facto law for business CR reporting enhances financial value Combined reporting leads to integrated reporting Raising the bar on data integrity Leading companies make the most of assurance

9 Sustainability reporting trends Number of companies reporting on sustainability has continued to rise Now seems to have become virtually mandatory for most multinational companies

10 Reporting uptake around the world KPMG Survey

11 Integrated reporting Integrates financial and sustainability performance IIRC driving the concept GRI G4 to align with IIRC s framework More information on

12 UK developments Assurance Integration 33% assured 10% integrated 67% not assured 90% non integrated

13 Global Reporting Initiative

14 GRI s Vision A sustainable global economy where organizations manage their economic, environmental, social and governance performance and impacts responsibly and report transparently.

15 GRI s Mission To make sustainability reporting standard practice by providing guidance and support to organizations.

16 GRI: a network organization Business Academia Mediating institutions Civil Society Governments Labor Financial markets

17 GRI: a network organization Secretariat Focal Points and Ambassadors Governance Bodies Organizational Stakeholders Governmental Advisory Group Training partners and software providers Strategic Alliances

18 Organizational Stakeholders GRI s core supporters Over 600 diverse organizations From over 65 countries

19 To enable organizations to report, GRI delivers guidance and support

20 GRI s Sustainability Reporting Framework

21 Sustainability Reporting Framework Guidelines Indicator and Technical Protocols Sector Guidance

22 The strategic context for the next generation of the GRI guidelines - G4

23 Future reporting context Demand for sustainability performance information is increasing Including from regulators Metrics not coherent or harmonized Lack of precision Can lead to high reporting and assurance costs Most reports lack material focus Information in pdf or other unfriendly formats Integrated reporting is a trend G4 PCP2 workshop, 2012

24 G4 Objectives To be user-friendly for beginners and experienced reporters To improve technical quality, with clearer definitions To align with other reporting frameworks To offer guidance which leads to material reports ( materiality ) To offer guidance on how to link sustainability reporting and integrated reporting - aligned with IIRC To provide support to improve data searching (XBRL) G4 PCP2 workshop, 2012

25 G4 PCP2 workshop, 2012 G4 Timeline

26 G4 s main work streams 1. Technical standardization Editing Task Force 2. Profound revision of parts of G3(G3.1) or new content proposals WG 3. Harmonization (and references updating) Secretariat and TAC 4. G4 online 5. XBRL GRI Taxonomy for G4 6. Sector guidance in G4 G4 PCP2 workshop, 2012

27 Profound revision of parts of G3(G3.1) or new content proposal Working Groups Disclosure on management approach Governance and remuneration Boundary Application Levels Supply Chain G4 PCP2 workshop, 2012

28 Share your input to shape G4 Go to the GRI website and click on the G4 button on the homepage Or go to: goo.gl/tuopc

29 Join GRI Thank you! Marjolein Baghuis Visit the GRI website: Download the Guidelines Read GRI s Newsletter Attend a training course Contribute to G4 Come to the conference Start reporting Support GRI, become OS