Managing change. The GRI Reporting Framework. Global Reporting Initiative. Sustainability reporting. GRI: a network organization

Transcription

1 Managing change The GRI Reporting Framework Leontien Plugge Director Network Relations What you can t measure, you cannot manage. What you can t manage, you cannot change. Peter Drucker Writer, professor and management consultant SDWG Arctic Council, April 2013 Sustainability reporting Global Reporting Initiative Disclosure on economic, environmental, social and governance performance Stakeholder focused Bridging financial and other types of performance Continuous improvement GRI: a network organization GRI: a network organization Academia Mediating institutions Labor Business Financial markets Civil Society Governments Secretariat Focal Points and Ambassadors Governance Bodies Organizational Stakeholders Governmental Advisory Group Training partners and software providers Strategic Alliances 1

2 GRI s Vision A sustainable global economy where organizations manage their economic, environmental, social and governance performance and impacts responsibly and report transparently. GRI s Mission To make sustainability reporting standard practice by providing guidance and support to organizations. Sustainability Reporting Framework Sector specific guidance Guidelines Indicator and Technical Protocols Sector Guidance Airport Operators Construction & Real Estate Electric Utilities Financial Services Food Processing Mining & Metals NGO Event Organizers Media Oil & Gas Sustainability Reporting: a growing practice A practice that is building momentum worldwide Steep uptake of the practice in emerging market and among SMEs Policy Makers and Market Regulators taking actions Integrated reporting Supply chain focus Online reporting Raising the bar on data integrity External verification Growing percentage of companies reporting Source: 2011 KPMG Survey Number of companies reporting on sustainability has continued to rise Now seems to have become virtually mandatory for most multinational companies 2

3 80% of the G250 and 69% of the N100 companies in 34 countries (many non-oecd) use GRI s Sustainability Reporting Guidelines Source: 2011 KPMG Survey Government Initiatives EU Sustainability Reporting requirements on the rise Voluntary and/or mandatory Sustainability Reporting requirements for certain companies and/or certain KPIs in place Market Regulators Initiatives (incl. Stock Exchanges) Beyond Commitments on Paper The Group of Friends of Paragraph 47 Brazil, Denmark, France and South Africa joined together in support of paragraph 47 to advance corporate sustainability reporting. GRIand the United Nations Environment Programme (UNEP) were invited to support them in their endeavors. Sustainability Reporting requirements/recommendations through Stock Exchanges on the rise Sustainability Reporting listing requirements/recommendations for certain companies and/or guidance to produce Sustainability Reports in place Making sustainability reporting standard practice will contribute to monitoring companies impacts and their contribution to a sustainable development. Why relevant for the Arctic? New conditions and opportunities are emerging, but comes with challenge New actors will start operating in the Arctic; how to collaborate? Transparency company policies, strategies and risks Reports will help with dialogue and progress over time Challenges Arctic wide spread and multi faceted addressed in multi stakeholder way with business Economic, social and environmental development need to be seen as single concept to create long term sustainability Launch of the G4 Guidelines Prominent, must-attend event to tackle key issues in reporting, business strategy and leadership Platform for 1500 leaders to connect, learn and collaborate Dynamic, inspiring meeting of minds 3

4 Let us work together to forge a global policy framework for companies publicly disclosing information on sustainability performance and explaining why if companies do not. UN Secretary General Ban Ki Moon, February 16, 2012 New York Corporate reporting environment OECD MNE Guidelines UN Guiding Principles for Business and Human Rights EC Communication on CSR UN Global Compact ISO SDWG Arctic Council, November 2012 Linkage documents The Guidelines Guidance for using GRI Sustainability Reporting Framework in combination with other frameworks UNGC, ISO26000, CDP, OECD, Earth Charter SDWG Arctic Council, November 2012 Accelerate the Transition to a Green Economy! Join GRI Sustainability reporting is an indispensable tool for companies, markets and society to price risk and measure performance, making progress towards a sustainable Green Economy. Thank you! Leontien Plugge plugge@globalreporting.org Visit the GRI website: Download GRI s Guidelines for free Read GRI s Newsletter Attend a training course Contribute to G4 Start reporting Support GRI, become OS 4

5 GRI s objectives for G4 user-friendly guidance, also accessible for first time reporters and SMEs improved technical quality, better definitions aligned with other frameworks -e.g. UN Guiding Principles on Business and Human Rights, OECD, UNGC, ISO improved guidance on identifying material content guidance on how to link sustainability reporting and integrated reporting - aligned with IIRC G4 Timeline Formal Development Steps 5