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Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
Sustainability Reporting
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Sustainability Reporting

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Overview of what sustainability reporting is, top standards, and benefits of reporting

Overview of what sustainability reporting is, top standards, and benefits of reporting

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  • Per Corporate Register1992 – 26 companies2008 – 3,379US still lags (# reports)1992 -2008UK – 2,780US – 2,200Per PWC80% Global Fortune 250 report75% Europe S&P 35030% US S&P 500But growing 2005 32% of top 100 US cos2008 73%
  • US still lags (# reports)1992 -2008UK – 2,780US – 2,200Per PWC80% Global Fortune 250 report75% Europe S&P 35030% US S&P 500But growing 2005 32% of top 100 US cos2008 73%
  • CorporateRegister.com1992 – 26 reports2010 – 5,171 reports32.1% compound growth rate!US still lags (# reports)1992 -2008UK – 2,780US – 2,200Per PWC80% Global Fortune 250 report75% Europe S&P 35030% US S&P 500But growing 2005 32% of top 100 US cos2008 73%
  • Harvard – 11 yr study found socially responsible companies had 4x sales growth and 8x employment growth than shareholder first companiesDJSI – 2010 DJI – 11%, DJSI North America 40 – 14.58%Total Of 18 indexes, 15 outperformed the DJI (3 Europe funds were exception)Domini 400 outperformed S&P 500 since inception in 1990
  • Per Corporate Register1992 – 26 companies2008 – 3,379US still lags (# reports)1992 -2008UK – 2,780US – 2,200Per PWC80% Global Fortune 250 report75% Europe S&P 35030% US S&P 500But growing 2005 32% of top 100 US cos2008 73%
  • Internal, external, 10Q, 10K, regulatory agencies, balanced scorecard
  • Separate report – Vodafone 2007 report = 378 pgsCombined – Southwest Airline One ReportStatement – Monsanto 1 pageOnline - Nike
  • Sometimes results are this year onlySometimes limited to good news only
  • Connected Reporting – Prince Charles Accounting for Sustainability Project
  • Social Responsibility of Businessmen – Howard Bowen
  • 15 of 51 stock exchanges in World Federation of Exchanges have Environ or Sust IndexesSocially responsible investing grown 2005 – 2010 to $3.07 trillion - 34% growth (overall investments only 3%) no
  • 1997 France co’s with 300+ employees report on 134 labor & emp indicators2004 Germany non-financial factors materially impacting business2004 Japan2006 UK all listed companies2007 Malaysia all listed companies2009 Sweden All state owned co’s201 US – SEC interpretive guidance disclosure of risk factors – should consider and disclose material impact of laws and regs on climate change including int’l accords and environmental impacts (Pepsi India - Kerala plant ordered by state to cut water use by 2/3)
  • Inclusivity - people should have a say in the decisions that impact on themMateriality - decision makers should identify and be clear about the issues that matterResponsiveness - organisations should be transparent about their actions
  • CERES – Coalition of Environmentally Responsible Economics
  • Strategy:Why? What’s the purpose? How does it benefit your organization, how does it help you meet your mission?Who? Who’s your audience? Communicate in most appropriate mannerSet objectives and goals – tie to mission, benefit organizationMetrics – can’t manage what you don’t measure, get baseline readingsBenchmark against similar orgsStakeholders shareholders suppliers customers employeesReport – how - print or online, with annual report or separateWhen – annual or bi-annual
  • Wash-Rinse-Repeat
  • Per Corporate Register1992 – 26 companies2008 – 3,379US still lags (# reports)1992 -2008UK – 2,780US – 2,200Per PWC80% Global Fortune 250 report75% Europe S&P 35030% US S&P 500But growing 2005 32% of top 100 US cos2008 73%
  • Transcript

    • 1. Sustainability ReportingDO I HAVE TO ??
      Jennifer H. Elder
      CPA, CMA, CIA, CFF
      The Sustainable CFO
      jelder@sustainablecfo.com
    • 2. WHAT IS SUSTAINABILITY?
    • 3. DEFINITIONS OF SUSTAINABILITY
    • 4. DO YOU HAVE TO REPORT ???
    • 5. DO YOU HAVE TO ???
    • 6. DO YOU HAVE TO ???
      32.1%
    • 7. No one ever catches the back of the wave and reaches shore. You’ve got to start paddling before the wave comes in….
      Being ahead of the curve always leads to profits.
      Shai Agassi, CEO, Better Place
    • 8. BE AHEAD OF THE CURVE!IT’S GOOD FOR BUSINESS!
    • 9. BE AHEAD OF THE CURVE!
      OR BE LATE!
    • 10. WHAT DO WE REPORT NOW?
    • 11. WHAT IS SUSTAINABILITY REPORTING?
    • 12. WHAT IS SUSTAINABILITY REPORTING?
      Names
      Uses
      Forms
      Content
      Standards
    • 13. DIFFERENT NAMES
      Environmental Impact
      Health & Safety
      Community Affairs
      Corporate Citizenship
      Corporate Social
      Responsibility (CSR)
      Environmental, Social,
      Governance (ESG)
    • 14. DIFFERENT USES
      Public relations
      Communication
      Improvement
    • 15. DIFFERENT FORMS
      Separate report
      Attachment to annual report
      Combined report
      Statement
      Online report
    • 16. DIFFERENT CONTENT
      Environmental impacts
      Safety
      Community service
      Supply chain
      Policy
      Results
    • 17. DIFFERENT STANDARDS
      G -3 Protocol
      UN Global Compact
      ISO 26000
      Account Ability AA1000
      Connected Reporting
      Framework
      Sarbannes Oxley
    • 18. DIFFERENT BUT SIMILAR
      Communication
      Connects company to
      world
      Address issues around risk
      Process for measuring, disclosing, and being
      held accountable
    • 19. NIKE
    • 20. NIKE
    • 21. NIKE
    • 22. TOYOTA
    • 23. TOYOTA
    • 24. TOYOTA
    • 25. TOYOTA
    • 26. WALMART
    • 27.
    • 28.
    • 29. HISTORY
      1953 – Social Resp. of Businessmen
      1989 – Ben & Jerry’s S/H Report
      1995 – AccountAbility
      1997 – Global Reporting Initiative
      2000 – UN Global Compact
      2002 – Sarbannes-Oxley
      2004 – ISO 14000
      2005 – Accounting for Sustainability
      2010 – ISO 26000
    • 30. WHY REPORT?
      External Pressures !!!
      Governmental regulation
      NGO advocacy
      Consumer concerns
      Channel requirements
      Investor Requirements
    • 31. WHY REPORT - MANDATES !
    • 32. WHY REPORT - UPSIDE!
      Identify & minimize legal & business risk
      Improve trust/credibility with
      stakeholders
      Enhance reputation and brand
      Increase customer loyalty
    • 33. WHY REPORT - UPSIDE!
      Increase market share
      Gain competitive advantage
      Increase innovation
      Improve employee recruitment and retention
    • 34. MAJOR STANDARDS
    • 35. UN GLOBAL COMPACT
      2000 - 18 members
      2010 - 8,000+
      Ten Principles:
      Human Rights
      Labor
      Environment
      Anti-Corruption
    • 36. AccountAbility AA1000
      1995 – DC/NY/London/Bejing
      1999 – AA1000 Standards
      Principles Standard covers:
      Inclusivity
      Materiality
      Responsiveness
      Assurance standard
    • 37. GLOBAL REPORTING INITIATIVE
      2000 G-1 Standard, 2006 G-3
      80 Indicators
      Economics
      Labor Practices
      Human Rights
      Society
      Product Responsibility
      Assurance
    • 38. WHERE DO YOU BEGIN?
      8 STEP PROCESS
      Do your homework
      Develop strategy
      Establish goals
      Create metrics
      Engage stakeholders
      Collect data
      Evaluate results
      Write the report
    • 39. IT’S AN ONGOING PROCESS
    • 40. BE AHEAD OF THE CURVE!
      OR BE LATE!
    • 41. Jennifer H. ElderCPA, CMA, CIA, CFFThe Sustainable CFOThe GPS for your business!Consulting-On Demand CFO ServicesBusiness Coaching-Trainingwww.sustainablecfo.com 410.231.1881 jelder@sustainablecfo.com
      SustainableCFO
    • 42. RESOURCES
      GRI
      www.globalreporting.org
      AccountAbility
      www.accountability.org
      UN Global Compact
      www.globalreporting.org
      Sustainable Business Institute
      www.sustainablebusiness.org
    • 43. HOW TO READ A REPORT
      CEO Statement
      Summary key facts
      Voice of stakeholders
      Issues
    • 44. WHAT TO LOOK FOR IN A REPORT ?
      Timeframe
      Subjects covered
      Standards used
      KPI’S
    • 45. WHAT TO LOOK FOR IN A REPORT ?
      Trends
      Interactivity
      Consistency with prior
      reports
      Verification

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