"The Next Era of Corporate Disclosure". Sabine Content, Deputy Director Corporate & Stakeholder Relations

Transcription

1 "The Next Era of Corporate Disclosure". Sabine Content, Deputy Director Corporate & Stakeholder Relations

2 Agenda i. About GRI ii. Relevance of Sustainability and Reporting iii. Sustainability reporting trends iv. The Next Era of Corporate Disclosure v. Transition to Standards

3 About GRI Who we are

4 The Global Reporting Initiative Who we are We help businesses, governments and other organizations understand and communicate the impact of business on critical sustainability issues These issues span climate change, human rights, anti-corruption and many others We are an international independent organization

5 Our Vision A future where sustainability is integral to every organization s decision-making process

6 Our Mission To empower decision makers everywhere through our sustainability standards and multi-stakeholder network, to take action towards a more sustainable economy and world

7 The GRI GOLD Community New program, new opportunities

8 The GRI GOLD Community Program GRI s Core Supporters 600 organizations in over 60 countries across business, academia and intergovernmental agencies The GRI GOLD Community supports our mission and benefits from: Profiling and networking Exclusive access to GRI experts A voice on GRI s future Collaboration and networking with other organizations Enhanced services, including learning opportunities and materials Discounts on reporting services

9 Revamping of the OS Program Why? Better representation of what is our core network Time for renewal after 10Years existence Support our effort in the expansion of GRI core network What? New Name New benefits New pricing In the next slides, you will see how to introduce the new program and its benefits

10 Introducing the GRI GOLD Community Do you believe that greater transparency is a catalyst for change? Are you looking for an opportunity to demonstrate leadership, collaborate with peers and access knowledge and resources? Are you committed to making sustainability integral to your organization's decision-making process? GRI's engagement program can help you meet these needs!

11 Introducing the GRI GOLD Community Through the GRI GOLD Community, we bring together a global, multi-stakeholder network of organizations committed to demonstrating how greater transparency is a catalyst for change towards a more sustainable economy and world.

12 Why join the GOLD Community?

13 Introducing the GRI GOLD Community GRI GOLD Community members are GRI s core supporters. They are at the heart of the community shaping the future of sustainability and reporting, and empowering decision making towards a more sustainable economy and world. The GRI GOLD Community includes companies and organizations across civil society, business, mediating institutions, academia, labor, public agencies, and intergovernmental agencies.

14 Why GOLD? The GRI GOLD Community is designed to offer you: Gateways to networking & collaboration Opportunities for profiling & visibility Leading edge knowledge & insights Dedicated services & support

15 Benefits What does the program offer you?

16 Gateways to networking & collaboration Exclusive networking opportunities Access to GRI s local Roundtable Series Dedicated LinkedIn community Opportunities to join GRI Corporate Leadership Groups

17 Opportunities for profiling & visibility Annual customized GRI GOLD Community mark Member-only GRI Featured Reports Service Invitations to participate and highlight your knowledge and expertise in GRI s monthly podcast series Opportunities to promote your events on GRI s website

18 Leading edge knowledge & insights Full calendar of exclusive online content G4 Forefront program for both novice and more experienced reporters Quarterly global markets scans Access to a resource library of case studies and recorded briefings Executive bulletins

19 Dedicated services & support Dedicated GRI account representative One annual complimentary Alignment Service of your choice for your G4 report the Materiality Disclosure Service, the Content Index Service, or the SDGs Mapping Service Significant discounts on GRI s Report Services Suite

20 Exclusive Online Content We have an exciting annual program of exclusive content including meetings planned for 2016: Better Reporting Including a G4 Forefront program for both novice and more experienced reporters Beyond Reports Including providing guidance and insights on leadership topics such as the SDGs, future of reporting and integrated reporting Quarterly Global Market Scan Quarterly updates in changes and progress in regulation, policy and capital markets on ESG disclosure

21 GOLD Roundtables Networking & Collaboration An international community of practice for sustainability reporting in your local market Network with other reporting practitioners Discuss opportunities and challenges with those who that share geographic and cultural realities Explore ways to advance sustainability reporting practices for better reporting and decision making Go beyond technical how to of reporting to consider how to embed data as a strategic business tool

22 G4 Forefront G4 Forefront Program has kicked off in March 2016! G4 Forefront is a continuous learning program designed to assist you in the application of the G4 Guidelines Yearly webinar series to support both first time reporters as well as experienced reporters that are looking for more guidance and inspiration 6 sessions planned for 2016

23 Corporate Leadership Groups Shaping the future of reporting GOLD Community exclusive platforms for international discussions between leading reporting companies and experts convened by GRI to find innovative solutions to common challenges 2-year programs with +12 Leadership Labs 2 Corporate Leadership Groups: Reporting 2025 Integrated reporting

24 Membership Fees GOLD Community Fee Structure Annual gross revenue Annual contribution 1bn + 14, m-1bn 7,000 1m-100m 2,500 We seek to create a broad and inclusive global community. Are you a small organization with revenue of less than 1m? We have a special package of benefits available for you.

25 Relevance of Sustainability and Reporting

26 Number of Published GRI Reports Data from the GRI Sustainability Disclosure Database, retrieved 4 May 2016.

27 Over 33,000 Reports in our Database Reporters in more than 90 countries Number of reports per country since 1999

28 GRI Reporting, Globally Sweden Data from the GRI Sustainability Disclosure Database, retrieved on 26 May 2016.

29 GRI Reports Top Ten Sectors G G3/ Financial Services Financial Services Energy Energy Food and Beverage Products Food and Beverage Products Chemicals Energy Utilities Technology Hardware Mining Mining Chemicals Energy Utilities Telecommunications Telecommunications Real Estate Real Estate Technology Hardware Construction Construction Data from the GRI Sustainability Disclosure Database, retrieved 4 May 2016.

30 GRI Reporting in Sweden, Top 10 Reporting Sectors 2015 Financial Services Other Real Estate Forest and Paper Products Automotive Food and Beverage Products Equipment Healthcare Products Retailers Telecommunications 0% 2% 4% 6% 8% 10% 12% 14% 16% Data from the GRI Sustainability Disclosure Database, retrieved on 26 May 2016.

31 Sustainability reporting trends

32 The Next Era of Corporate Disclosure

33 The project Reporting 2025

34 Project s goal To investigate what will define sustainability disclosures and reporting to better help business and society transition towards a sustainable future, considering the context of the next decade.

35 Main findings

36 Reporting contextual trends Three major trends that will define the context of the next decade 1. World population increase 2. Climate change 3. Data technology development (incl. higher connectivity, easier access to information, easier analysis of correlations, increasing transparency and empowerment of stakeholders)

37 Reporting 2025 Changes in sustainability disclosures We concluded

38 The Next Era of Corporate Disclosure Digital, Responsible, Interactive

39 Innovation & Collaboration A launch pad for new ideas Technology and big data will play a huge role in helping stakeholders access the information they need to make better business and policy decisions Better decision making requires information that is accurate, verifiable, and based on global standards and best practices to ensure the comparability and usability of that data

40 GRI Technology Strategy Technology Consortium Convening a group of highlevel technology leaders to uncover new ways of using sustainability data Enabling better decision making by business and governments

41 GRI Technology Strategy Digital Reporting Alliance 1. Create the technical infrastructure to make all XBRLbased sustainability information freely available on a public platform 2. Accelerate the demand for digital reporting by aligning leading users of this information behind a joint call to action to move to digital reporting To be at the vanguard of the next phase of sustainability reporting, GRI invites you to join the Digital Reporting Alliance Contact: Bastian Buck, Director Standards Division buck@globalreporting.org

42 Transition to GRI Standards Overview

43 Transition to Standards what is it? The G4 Guidelines and Implementation Manual are being restructured into a set of modular, interrelated reporting standards Most changes focus on format and presentation the main content, concepts, and disclosures from G4 will carry through Standards are developed by the Global Sustainability Standards Board (GSSB), GRI s independent standard-setting body G4 Guidelines and G4 Implementation Manual Set of modular GRI Standards

44 Why transition to Standards? Moving to Standards will: allow Standards to be revised independently, so they stay even more up-to-date easily accommodate new sustainability topics in the future make the Standards more accessible for new and existing reporters support more consistent and higher-quality reporting allow the GRI Standards to be referenced even more broadly in policy initiatives 44

45 How to use and reference the Standards In accordance reports The GRI Standards are designed primarily to be used together to prepare a sustainability report in accordance with the Standards The Core and Comprehensive in accordance options from G4 will continue, with minor adjustments due to the new structure Other uses of the Standards Organizations can also use individual GRI Standards or their content to report specific sustainability information (this is called an SRSreferenced claim) All use of the Standards requires a specific claim statement in published materials (more information in SRS:101 Foundation) 45

46 Overview of changes and improvements 1. New modular structure 2. Clarifications on how to use and reference the Standards 3. Clearer distinction between requirements, recommendations and guidance 4. Additional clarifications for G4 concepts 5. Overall editing review to improve usability Simpler language Some content merged or relocated 46

47 More about the new modular structure 3 universal standards applicable to all 33 (estimated) topicspecific Standards, based on G4 Aspects Organizations will select only the topic-specific Standards that are applicable, based on material topics Individual standards for each G4 Aspect, organized into 3 series (Economic, Environmental, and Social)

48 Anticipated timeline October 2016 Standards expected to be released October onwards GRI develops new training, webinars, and detailed mapping documents Now 17 July Public comment period closes January 2018 Standards proposed to be required for all reports published on or after 1 st January (G4 remains in effect until this date) 48

49 How can you give feedback? Public comment period from 19 April 17 July Online consultation platform Available for comment now through 17 July Webinars and selected inperson workshops More information on GRI Standards webpage 49

50 Thank you GRI Barbara Strozzilaan HN Amsterdam The Netherlands Amsterdam New York Beijing Sydney New Delhi Johannesburg Bogotá São Paulo 50