Download - Gri reporting trends enablon spf12
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Venue, Date
Sustainability Reporting Trends
“Game Changing Developments”
September 2012
Mike Wallace
Director, Focal Point USA
Global Reporting Initiative
@M_A_Wallace
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Why would anyone want
to voluntarily report?
- Respond to Stakeholders
- Demonstrate Leadership
- Document ROI
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Increasing Stakeholders and Demand
Modern
Due
Diligence
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Range of Terminology • 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
Non-Financial Reporting
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Of all these stakeholders,
who is doing the most
significant due diligence?
- Financial Market Activity
- Customer Interests
- Regulatory Developments
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Financial Market Activity
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Shareholder Initiatives & Coalitions
• Principles for Responsible Investment (PRI) [2006] – Currently represents over $30 Trillion in investment capital
– 1000+ signatories
• Investor Network on Climate Risk (INCR) [2003] – Currently represents over $10 Trillion in investment capital
– 100+ members
• Carbon Disclosure Project (CDP) [2002] – Currently represents over $71 Trillion in investment capital
– act on behalf of 550+ 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
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Who else is looking?
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Stock Exchange Activity
May 2010 January 2011
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Market Evolution
300,000+ data terminals
globally
5,000+ companies and
climbing
Sustainability Aspects
• Emissions
• Energy Consumption
• Human Rights
• Policies
• Board Make-Up
Built around GRI
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Bloomberg ESG Peer Comparison
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Customer Interests
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Supply Chain Developments
• Sept 2011 – GSA
• Oct 2011 – MS
• Jan 2012 - Apple
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Supply Chain Developments
Training
Customer
Suppliers
GRI Stakeholders
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Regulatory Developments
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Regulatory Developments "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
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Demonstrating Leadership
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Performance Recognition
GRI Reporters Presence:
• 95% of the Dow Jones Sustainability Index
• 78% of the FTSE4Good
• 70% of the Global 100
• 70% of the NASDAQ OMX CRD
Sustainability Index
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Document ROI
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Performance Over Time
MSCI World & GRI 2002 to 2012
S&P 500 & GRI 2001 to 2011
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What you should know
about GRI?
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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.
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GRI: Global Network Organization
*Business
*Civil Society
Governments
*Financial markets
*Labor
*Mediating institutions
Academia
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The GRI Guidelines
Environmental
• EN 3 - Direct energy consumption by primary
energy source
Labor
• LA 7 - Rates of injury, occupational diseases, lost
days and absenteeism, and number of work related
fatalities by region.
Human Rights
• HR 4 - Total number of incidents of discrimination
and actions taken
Product Responsibility
• PR 6 - Programs for adherence to laws, standards,
and voluntary codes related to marketing
communications, including advertising, promotion,
ad sponsorship.
Economic
• EC 4 – Significant financial assistance received
from government.
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GRI Global Harmonization
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Association Activity
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What are we seeing?
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Corporate Sustainability:
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
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Country Level Specifics USA – 9th place from 74% up to 83% in 3 years
2008 versus 2011 of N100 companies
2
9
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US Reporting Trends (Absolute figures)
US GRI data partner
71 119
141 187
273
23
47
2007 2008 2009 2010 2011
Sustainability Reports in the USA
GRI G3 + G3.1 GRI reference Non-GRI sustainability report
46% growth in absolute
number of GRI reports (w/
index) 2010 - 2011
And counting!!
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* Data from the Sustainability Disclosure Database as of 12 April 2012
23 125 446
87
40
35
21 112 415
170
167
41
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Africa Asia Europe Latin America NorthernAmerica
Oceania
Not assured
Externally assured
Data Integrity
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Growing International Trends “Integrated Reporting”
87%
13%
2010
Notintegrated
Integrated
79%
21%
2011
*Sustainability Disclosure Database data from 1 February 2012
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American GRI reporters
GRI Sector Leaders:
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What’s on the horizon –
G4?
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GRI – Due Process
BoD
Public
Comment
Period
WG BoD
Public
Comment
Period
SC +
TAC
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G4 - Stepping Stone Towards Integrated Reporting
Mai
nst
ream
ing
Sust
ain
abili
ty D
iscl
osu
re
Integrated Reporting
Sustainability Reporting
G4
Other paths to mainstreaming
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View Forward G4 timeline - Working Groups and 2nd PCP
We are here!
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
2011 2012 2013
2011 2012 2013
Text Revision / Editing Task Force
Preparatory StagePublic Comment
Period 1Public Comment
Period 2
Working GroupsMeet
Final Edit LAUNCHGovernance Bodies give Final Vote
WorkingGroupsFormed
Working GroupsMeet
We are here
G4 Working Groups • Supply Chain Disclosure • Disclosure on Management
Approach
• Governance & Remuneration • Boundary • Application Level
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G4 PCP 1 - Participants
Business 29%
Civil Society Organization
9%
Financial Markets &
Information Users
4%
Labor 1%
Mediating Institution
57%
AFRICA 3%
ASIA 17%
EUROPE 41%
LATIN AMERICA
19%
NORTHERN AMERICA
15%
OCEANIA 5%
Constituency
Breakdown
Regional Breakdown
Total 1834
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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
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Cipriani Wall Street, 55 Wall Street, New York, NYOctober 2-3, 2012
www.COMMITForum.com
Event brought to you by:
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Venue, Date
Mike Wallace
Director, Focal Point USA
Global Reporting Initiative
Twitter: M_A_Wallace
Linked In: http://www.linkedin.com/in/mikewallace
Thank you