Sustainability Reporting and CSR

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Presentation to Masters of Environmental Management Environmental Tools class

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Sustainability Reporting and CSR

  1. 1. UNSW SustainabilityCorporate Social ResponsibilityMasters of Environmental ManagementEnvironmental Tools: CSR ReportingAaron MagnerUniversity of New South Wales
  2. 2. ContentWhy CSR and Sustainability Reporting mattersExisting sustainability reporting frameworksDrivers of change in sustainability reportingFuture scenarios for sustainability reporting
  3. 3. Why sustainability reporting mattersSustainabilityreporting is:“…the practice of measuring,disclosing, and being accountableto internal and externalstakeholders for organizationalperformance towards the goal ofsustainable development.”
  4. 4. Why sustainability mattersHistorical view“The social responsibility of business is toincrease the wealth of its shareholders.”Dr Milton Friedman (1970)Modern Management Maxim“If you can’t measure it, you can’t manage it.”The indicators corporations, regulators and civilsociety access and use inform decision-making,policies, initiatives and ultimately outcomes.
  5. 5. Sustainability reporting todayInternationally95% of top 200 companiesrelease sustainability reportsIn Australia57% of top 100 companiesrelease sustainability reports• ESG and SRI becoming mainstream.• New environmental tools of measurement• Mandatory in Denmark and Sweden• EU accounting standards encouragereporting of environmental and social data
  6. 6. GlobalStandardsSustainability reporting frameworks
  7. 7. GlobalStandardsSustainability reporting frameworks
  8. 8. GlobalStandardsSustainability reporting frameworks
  9. 9. GlobalStandardsSustainability reporting frameworks
  10. 10. GlobalStandardsSustainability reporting frameworksOthers:• AA1000 Series• Social Accountability 8000
  11. 11. Drivers of ChangeIntegratedreportingShareholderactivity, activeinvestorsand NGOsRatings such asFTS4Good andDow JonesSustainabilityIndex• Global Reporting Initiative (GRI)• Carbon Disclosure Project• WWF-GFTN: EthicalTrading InitiativeDrive for standard content:Changes inthe digitalmedia
  12. 12. Role of StakeholdersSupporting, encouraging andenforcing change to moresustainable & less environmentallydamaging forms of production.Theconsumer
  13. 13. Role of StakeholdersEco-labels
  14. 14. Role of StakeholdersInvestors andConsumers• Energy & Climate• Material Efficiency• Nature and Resources• People & CommunityCategory of questions:Suppliers must providedetailed sustainability dataSupply chain management
  15. 15. Technological developmentsTheGoodGuide
  16. 16. Technological developmentsPersonalSustainabilityreporting filter
  17. 17. Technological developmentsShifttowardproductbasedCSR
  18. 18. Technological developmentsShifttowardproductbasedCSR
  19. 19. Wrap up and discussion• Will continue to grow and evolve.• Technology > interactive, transparent, real-time.Sustainability Reporting• Possible future regulation• Corporate scandals and/or environmental crisis.Likely to be unexpecteddevelopments
  20. 20. Keep in touchAaron MagnerDirector - UNSW SustainabilityUNSW SustainabilityUNSW SYDNEY NSW 2052www.sustainability.unsw.edu.auLinkedIn | linkedin.com/in/aaronmagnerTwitter | @aaronmagnerSlideshare | slideshare.net/aaronmagnerWeb | aaronmagner.com

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