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International Society of Sustainability Professionals (ISSP) - GRI Keynote May 2013

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Latest Global and US trends in sustainability - measurement, management and reporting.

Latest Global and US trends in sustainability - measurement, management and reporting.

Published in: Business, Economy & Finance
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  • 1. Venue, DateGRI Update:Global Trends in SustainabilityReportingMay 2013Mike Wallace, DirectorGlobal Reporting Initiative, Focal Point USAwallace@globalreporting.org
  • 2. How did we get here?
  • 3. What do we know?Where is the data?Is the data reliable?How else is GRI applied?Where is reporting heading?
  • 4. What do we know?
  • 5. What do we know?• We have 1 planet• We know it’s acreage (or is it hectares)• We know how many people (roughly)• We know there are limits – but when & where?
  • 6. What do we know?
  • 7. What do we know?• 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• SV - Shared Value• II - Impact Investing
  • 8. Where is the data?
  • 9. A Progress Report• Reviewed 3400 companies representing the national leadersfrom 34 countries around the world, including the 250 largestglobal companies• Ninety-five percent of the 250 largest companies in the world(G250 companies) now report on their corporateresponsibility (CR) activities, two-thirds of non-reporters arebased in the US.• CR reporting has gained ground within the Top 100 companiesin each of the 34 countries surveyed.• The total number of reporting N100 companies increased by11 percentage points, to 64 percent in 2011.• Eighty percent of G250 and 69 percent of N100 companiesare now aligning to GRI reporting standards.October 2011
  • 10. GRI Reporting in the US (2007 – 2011)*Based on Sustainability Disclosure Database data from 4 February 20130501001502002503002007 2008 2009 2010 2011Relative growth in GRI reporting in the US’07 – ’08 ‘08 – ’09 ‘09 – ’10 ’10 – ’1167% 21% 30% 42%
  • 11. GRI Reporters
  • 12. Financial Market Uptake
  • 13. Investor Demand• Principles for Responsible Investment (PRI) [2006]– Currently represents over $22 Trillion in investment capital– Close to 1000 signatories• Investor Network on Climate Risk (INCR) [2003]– Currently represents over $9 Trillion in investment capital– 90+ members• Carbon Disclosure Project (CDP) [2002]– Currently represents over $71 Trillion in investment capital– act on behalf of 551 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
  • 14. Sustainability PerformanceMSCI World & GRI2002 to 2012S&P 500 & GRI2001 to 2011
  • 15. GRI Reporting - Does it matter?
  • 16. Is the data reliable?
  • 17. The report shows that in the USA, only 10percent (26 out of 269) of GRI-basedsustainability reports declared a “+” in 2011.US Assurance TrendsTrends in External Assurance of Sustainability Reports: Spotlight on the USA, GRI, March 2013 18
  • 18. Assured Reporters Outperform19
  • 19. How else is GRI applied?
  • 20. Regulatory Developments"More governments are making sustainabilityreporting mandatory.“• 142 regulatory instruments addressingsustainability reporting exist in over 30countries• 65% are classified as mandatory, the restvoluntary• United States• WH CEQ - EO 13514• USPS, US Army, GSA, etc….• SEC• Dodd-Frank• CA Transparency on Trafficking &Slavery
  • 21. Financial Market DevelopmentsMay 2010 January 2011
  • 22. Supply Chain DevelopmentsImpacts everyone:Large, Small, Public &Private
  • 23. Survey Fatigue & SMEsTrainingCustomerSuppliersGRI Stakeholders
  • 24. Precedent Setting Developments
  • 25. Association Activity
  • 26. Global Harmonization & Alignment
  • 27. Questions…Concerns…Comments…Advice…Do you feel like you have some newtalking points?Are you better positioned to make thebusiness case?
  • 28. Where is reportingheading?G4
  • 29. GRI’s Vision & MissionVisionA sustainable global economy whereorganizations manage their economic,environmental, social and governanceperformance and impacts responsibly and reporttransparently.MissionTo make sustainability reporting standardpractice by providing guidance and support toorganizations.
  • 30. How the GRI network does it?Through a “Due Process” !BoDPublicCommentPeriodWG BoDPublicCommentPeriodSC +TAC
  • 31. GRI GuidelinesGRI Principles:These guide the content and quality of yourreporting.Materiality, boundary-setting, inclusiveness,stakeholder engagement etc.GRI reporting elements:1. Profile DisclosuresStrategy, About, Governance.2. Disclosures on Management ApproachEC, EN, LA, HR, SO, PR3. Performance IndicatorsEC, EN, LA, HR, SO, PR
  • 32. G4 Objectives• G4 Objectiveso Materiality in reportso User-friendly for all reporterso Technical quality; clear definitionso Alignment to international frameworkso Guidance on IRo Improve data access
  • 33. Areas of Profound Revisionfrom G3.1 to G4• Application Levels• Boundary• DMA• Supply Chain• Governance & Remuneration• Greenhouse Gas Emissions• Anti-corruption}Structural changes (G4)
  • 34. “Materiality” definition - GRI“Material topics for a reporting organization should includethose topics that have a direct or indirect impact on anorganization’s ability to create, preserve or erode economic,environmental and social value for itself, its stakeholders andsociety at large.”G4 Updates:• Explain WHY a topic is material in the sustainability report= Update to GRI’s Management Approach Disclosureshttps://www.globalreporting.org/reporting/guidelines-online/TechnicalProtocol/Pages/MaterialityInTheContextOfTheGRIReportingFramework.aspx
  • 35. GRI Global ConferenceWe’ve added Tuesday 21 May as the North American Networking DayFeaturingthe launch of G4
  • 36. Find out more!http://grifocalpointblog.org/usa
  • 37. Venue, DateThank you!More information:www.globalreporting.orghttp://database.globalreporting.orghttp://grifocalpointblog.org/usaMike Wallace, DirectorGlobal Reporting Initiative, Focal Point USAwallace@globalreporting.org

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