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Are Reporting Standards & Guides Really Effective?-Mr. Douglas Kativu
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Are Reporting Standards & Guides Really Effective?-Mr. Douglas Kativu

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The presentation is from Africa Focal Point Head, Global Reporting Initiative (GRI), from the just concluded African Round Table & Conference on Corporate Sustainability and Responsibility ...

The presentation is from Africa Focal Point Head, Global Reporting Initiative (GRI), from the just concluded African Round Table & Conference on Corporate Sustainability and Responsibility (AR-CSR™), which held in Tinapa Business Resort, Calabar, Cross River State between 20 to 21 June, 2013. Organised by ThistlePraxis Consulting Limited

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Are Reporting Standards & Guides Really Effective?-Mr. Douglas Kativu Are Reporting Standards & Guides Really Effective?-Mr. Douglas Kativu Presentation Transcript

  • Douglas Kativu, FP South Africa Calabar, Cross River State 21062013 Integrating and Communicating Sustainability and Responsibility
  • “We cannot talk of growth when millions are left behind” Kofi Annan “… it is essential that African countries ensure that growth is as inclusive as possible and not follow China’s prioritization of growth over development which has brought huge wealth inequality and environmental problems” Gao Xiping, President and Chairman of China Investment Corporation
  • GRI: A network organization
  • • Secretariat • FPs- Brazil; Australia; China; India; USA; SA • Governance bodies- BoD; SC; TAC • Organizational Stakeholders • Governmental Advisory Group • Certified Training & Data Partners • Strategic Alliances GRI: A network organization
  • “ What you can’t measure, you cannot manage. What you can’t manage, you cannot change.” measuring, disclosing & being accountable to SHs for ESG performance Peter Drucker Writer, professor and management consultant
  • G4 Sustainability Reporting Guidelines
  • Focus on what matters, where it matters
  • Growth in (known) GRI-based reports Source GRI disclosure database (known reporters) 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Year Growth 2011 16% 2010 29% 2009 35% 2008 58% 2007 37% 2006 39% 2005 35% 2004 70% 2003 13% 2002 17% 2001 188% 2000 291% 1999 base year 1999-2011
  • Sustainability reporting trends KPMG Survey 2011 Calabar, Cross River 21062013 • 80% of the G250 and 69% of the N100 companies use GRI’s Sustainability Reporting Guidelines
  • Business case of Sustainability Reporting Reference: KPMG International Survey of Corporate Responsibility Reporting 2011 (34 countries)
  • 2010 & 2011 GRI Reporting by Region 2010 2011 Africa 3% Oceania 5% Northern America 13% Latin America 15% Asia 20% Europe 44% Africa 5% Oceania 4% Latin America 14% Northern America 14% Asia 18% Europe 45% n = 1971 n = 2291 *Based on Sustainability Disclosure Database data from 7 January 2013 97% of the registered 2010 and 2011 GRI reporting organizations in Africa are from South Africa. Organizations from Egypt, Kenya, Mauritius, and Nigeria constitute the remaining 3% of the 2011 reporters*.
  • What is the impact of sustainability reporting to sustainable development and poverty alleviation?
  • • Improved governance and leadership • Management of risk • Stakeholder engagement and inclusiveness- social license, expectations, opportunity • Integration, Innovation (products & services) - shared value • Innovation – resource and operational efficiencies • Access to markets and capital (investor confidence) • Labour practices- productivity & skills retention COMPETITIVENESS Value in reporting process
  • Challenges. Opportunities. • More Reports: 4000 /45000 publicly traded companies /82000 multinational companies • Better Reporting: focus on materiality: what matters, where it matters. • • Performance and disclosure in weak governance states • Global vs granular/ local scale • Shaping the local drivers for reporting Leadership Public policy – voluntary to compliance Role of markets Calabar, Cross River State 21062013
  • Sustainability Reporting requirements/recommendations on the rise Market regulators: Sustainability Reporting listing requirements/recommendations/guidance for certain companies in place Governments: Sustainability Reporting policy/regulation for certain companies and/or certain KPIs in place Market regulators & Governments Sustainability Reporting requirements/recommendations in place Policy initiatives worldwide EU