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GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
GRI Reporting in Financial Services - Feb 10
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GRI Reporting in Financial Services - Feb 10

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Sustainability reporting trends in the financial services sector.

Sustainability reporting trends in the financial services sector.

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  • Looks like Canada still has a long way to go.
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  • 1. GRI Reporting in Financial Services L’Associazione B L’A i i Bancaria It li i Italiana Rome, February 2010 Mike Wallace, Director Wallace Global Reporting Initiative wallace@globalreporting.org
  • 2. Top Sectors - GRI Reporters 2009 1) Financial Services – 169 2) Oil & Gas – 114 3) Mining & Metals – 83 4) Electric Utilities – 71 5) Construction & Real Estate – 61 Total all sectors – 1251 reports GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 3. GRI Reports in the Financial Services Sector 2000-2009 180 165 169 160 140 124 120 96 100 80 Number of reports 66 60 39 40 16 20 5 11 9 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 4. GRI Reporting in the Financial Services Sector 2009 169 registered reports; 115 (68%) used the Supplement; 40 countries; and from 6 geographical regions regions. GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 5. GRI Reports in the Financial Services Sector by region 2009 GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 6. Which countries are reporting with GRI in the Financial Services Sector in 2009? Country 2009 Country 2009 Country 2009 Africa 9 Denmark 2 United Kingdom 8 Nigeria 1 Finland 1 Latin America 16 South Africa 8 France 2 Argentina 2 Asia A i 25 Germany G 5 Brazil B il 6 China 4 Greece 5 Colombia 2 Israel 1 Hungary 5 Ecuador 2 Japan 10 Italy 4 Mexico 2 Mongolia 1 Luxembourg 2 Peru 1 Philippines 2 Netherlands 7 Venezuela 1 Republic of Korea 5 Norway 1 North America 18 Saudi Arabia 1 Poland 1 Canada 11 Singapore 1 Portugal 4 USA 7 Europe 97 Romania 1 Oceania 8 Andorra 1 Spain 33 Australia 8 Austria 2 Sweden 6 Belgium 1 Switzerland 6 GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 7. GRI Reporters - Online Database http://www.globalreporting.org/GRIReports/GRIReportsList/ http://www globalreporting org/GRIReports/GRIReportsList/ GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 8. Europe Andorra Hungary Banif Financial Group* Grupo Santander Crèdit Andorrà CIB Bank* Millennium* Ibercaja* Garantiqa Hitelgarancia Instituto de Credito Oficial (ICO) Austria MKB Bank* Romania Kutxa* Oesterreichische Kontrollbank OTP Bank* Banca Comercială Română La Caixa* Group* Raiffeisen Bank Mapfre* VBV Vorsorgekasse g Spain p Multicaja* j Italy Asepeyo SegurCaixa Holding* Belgium Gruppo Montepaschi* Bancaja* Unicaja* KBC* Intesa Sanpaolo* Banco Sabadell* UBI Banca* Banesto Sweden Denmark Unicredit group Bankinter ALMI Foretagspartner Danske Bank BBK* Folksam Eksport Kredit Fonden* Luxembourg Caixa de Terrassa Innnovationsbron Dexia* Caixa Galicia* SBAB Finland European* Caja de Ahorros de Svensk Exportkredit Tapiola Insurance Group* Investment Bank* Municipal de Burgos* Swedfund Caja de Ahorros del France Netherlands Mediterraneo (CAM)* Switzerland Axa Group* AEGON* Caja de Ahorros y Monte Credit Suisse* BNP Paribas ASN Bank* de Piedad de Zaragoza Graubündner Kantonalbank* ASR Aragón Rioja Ibercaja* A ó y Ri j – Ib j * Sarasin* S i * Germany ING Group* Caja de Burgos* Swiss Re* Allianz* Rabobank* Caja de Canarias UBS* Commerzbank* SNS Reaal* Caja Espana* Zurcher KantonalBank* Deutsche Bank* Triodos* Caja Laboral* HypoVereinsbank* Caja Madrid* United Kingdom WestLB* Norway Caja Navarra* Abbey Nordea* Caja Rural de Granada* Barclays* Greece Caja Vital Kutxa* CFS ALPHA Bank Poland Cajasol* EBRD* Emporiki Bank* Bre Bank* Confederación Española Freshfields Bruckhaus Deringer INTERAMERICAN de Cajas de Ahorros (CECA)* HSBC* National Bank of Greece (NBG) Portugal DKV Seguros* International Personal Finance Piraeus Bank* Axa Seguros* Grupo Banco Popular* Standard Chartered Bank Banco Espírito Santo* Santo Grupo BBVA* BBVA * Uses the Financial Services Sector Supplement GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 9. Africa Nigeria ACCESS Bank* Bank South Africa Absa Absa* African Bank Bidvest First Rand Group* Group Investec Liberty Group Nedbank Group* Group Standard Bank * Uses the Financial Services Sector Supplement GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 10. Asia China Sompo Japan Insurance DAEWOO Securities* China Development Bank* Sumitomo Corporation Hana Bank* ICBC* Sumitomo Trust & Banking NongHyup* Ping An Insurance* Takefuji Shinhan Bank* SPD Bank* Tokio Marine Holdings Saudi Arabia Israel Mongolia NCB* Bank Leumi* XacBank* Singapore Japan Philippines Singapore Exchange Exchange* Daiwa Shoken Group* Asian Development Bank (ADB) Mitsubishi UFJ Financial Group* Bank of the Philippine Islands Mizuho Financial Group Nomura Republic of Korea Resona Holdings Daegu Bank* * Uses the Financial Services Sector Supplement GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 11. Latin America Argentina Colombia Peru Banco Galicia* Galicia BBVA Colombia* Colombia BBVA Peru Grupo Sancor Seguros Fundacion Social* Venezuela Brazil Ecuador Banesco Banco Universal* ACSP (Associação Diners Club del Ecuador* Comercial de São Paulo)* Mutualista Pichincha Banco Bradesco* Banco do Brasil* Mexico Grupo MAPFRE Brasil* Banco Compartamos Itau Unibanco* BBVA Bancomer* SulAmerica * Uses the Financial Services Sector Supplement GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 12. North America Canada United States of America Batirente Batirente* Bank of America BMO Financial Group Citigroup* Canadian Imperial Bank of Commerce International Finance Corporation (IFC)* (CIBC)* Inter-American Development Bank (IDB)* Desjardins* D j di * State Street Corporation* Investissement Québec* TriLibrium National Bank of Canada Wainwright Bank Royal Bank of Canada (RBC) (RBC)* Scotiabank TD Financial Group* The Co-operators Toronto Dominion Bank * Uses the Financial Services Sector Supplement GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 13. Oceania Australia Australia & New Zealand Banking Group* Group Australian Ethical Investment* Credit Union Foundation Australia IAG Australia* Mecu* National Australia Bank* VicSuper* Westpac Banking Corporation* * Uses the Financial Services Sector Supplement GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 14. Financial Services Sector Supplement http://www.globalreporting.org/ReportingFramework/SectorSupplements/ http://www globalreporting org/ReportingFramework/SectorSupplements/ For whom is the Supplement intended? - Retail Banking - Asset Management - Commercial and Corporate Banking - Insurance Who was involved in the multi-stakeholder approach? AVIVA Earthwatch Europe State Street Corporation Bank of America EIRIS Swiss Life Bank of China Euronatur Swiss Reinsurance Company BCSC Fundación Social (Colombia) FGVSP (Centro de Estudos em Tapiola Insurance Group BMO Financial Group Sustentabilidade) The Co-operative Bank Calvert Group Ltd. Friends of the Earth, USA The Netherlands Development Finance CECA Germanwatch Company (FMO) Christian Brothers I Ch i ti B th Investment S i t t Services (CBIS) Instituto Centroamericano de Administracion UBS AG Inc. de UNEP Finance Initiative Citigroup International Finance Corporation (IFC) Union Network Co-operative Financial Services Interpolis NV Vancity & Citizens Bank of Canada Co-operative Insurance Empresas (INCAE) Verein für Umweltmanagement in CoreRatings Ltd. g Insurance Australia Group (IAG) Banken (VfU) University of South Africa National Australia Bank (NAB) VicSuper Pty Ltd Credit Suisse Group Nedbank Westpac Banking Corporation Deutsche Bank AG Rabobank Nederland Wilderness Society Australia Deutsche Bank Asset Management (PCAM) Rheinland Versicherungen XL Winterthur International Development Bank of Southern Africa Standard Bank of South Africa Zürcher Kantonalbank (DBSA) Standard Chartered GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 15. Financial Services Sector Supplement http://www.globalreporting.org/ReportingFramework/SectorSupplements/ http://www globalreporting org/ReportingFramework/SectorSupplements/ 16 Financial Services Performance Examples: Indicators covering the following sustainability aspects: FS7. Monetary value of products and services designed to deliver a specific Product Service and Impact: social benefit for each business line broken down by purpose purpose. Product Portfolio Audit FS10. Percentage and number of Active Ownership companies held in the institution’s Economic Performance portfolio with which th reporting tf li ith hi h the ti Emissions, Effluents and Waste organization has interacted on Occupational Health and Safety environmental or social issues. Investment and Procurement Practices Community Product and Service Labeling GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 16. Example of reporting with the Supplement: BBVA BBVA 2009 Sustainability Report GRI Content Index C t tI d GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 17. Spanish Example: CECA CECA (Spanish Confederation of Savings Banks) is an industry association with 45 members. It produces an aggregated sustainability report that includes the members activities. The report has been using the GRI G3 Guidelines since 2005; g and more recently the Financial Services Sector Supplement. All the members are asked to voluntary complete a questionnaire based on the GRI disclosures. Information from the questionnaire is gathered and fed into the aggregate report. Members that have completed the questionnaire are therefore better prepared to prepare their own GRI report: 16 members have produced a GRI report in 2009. GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 18. Spanish Example: CECA CECA’s (Spanish Confederation of Savings Banks) members: Bancaja* Caja de Badajoz Caja Murcia BBK* Caja de Burgos* Caja Navarra* Caixa Catalunya y Caja Canarias* j Caixa Ontinyent y Caixa Galicia* Caja Cantabria Caja Rioja Caixa de Girona Caja Castilla La Mancha Caja Sol* Caixa Laietana Caja Circulo de Burgos Caja Segovia Caixa de Manlleu Caja Duero Caja Sur Caixa Manresa C i M Caja España* C j E ñ * Colonya C i P ll C l Caixa Pollença Caixa Penedes Caja de Extremadura Ibercaja* Caixa Sabadell Caja de Guadalajara La Caixa* Caixa Tarragona Caja Granada* La Caja de Canarias Caixa Terrassa* Caja Inmaculada j Kutxa* Caixanova Caja de Jaen Sa Nostra Cajastur Caja Madrid* Unicaja* Caja de Avila Caja Mediterraneo* Vital Kutxa *GRI reporters GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 19. Spanish Example: Caja Navarra Caja Navarra (CAN) is a Spanish savings bank member of CECA. CAN is a GRI & Sector Supplement reporter. In 2009 CAN launched a project to help SMEs produce their sustainability reports. SMEs complete a questionnaire based on the GRI G3 Guidelines. An online software gathers the information and generates a sustainability report. y p 2600 SMEs started the questionnaire; and 1114 of them fully completed it. Outcome: 1114 Spanish SMEs published a sustainability report based on the GRI G3 Guidelines in 2009. GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 20. Spanish Example: Caja Navarra 1 Questionnaire of 6 pages = 1114 sustainability reports by SMEs GRI Reporting in the Financial Services Sector, Rome, February 2010
  • 21. Thank you! www.globalreporting.org Mike Wallace, Director Global Reporting Initiative Gl b l R ti I iti ti wallace@globalreporting.org

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