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Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
Sustainability Reporting: Green is the New Black
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Sustainability Reporting: Green is the New Black

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A high level overview of the issues, challenges and frameworks/standards for sustainability reporting. Includes a focus on XBRL.

A high level overview of the issues, challenges and frameworks/standards for sustainability reporting. Includes a focus on XBRL.

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  • 1. GREEN is the new BLACK 19th XBRL International Conference Brad Monterio, Managing Director Paris, France June 25, 2009 Colcomgroup and CMH Partners LLC © Colcomgroup 2009
  • 2. Pros and Cons Sustainability Non-Financial Reporting Types Stakeholders Value Proposition Frameworks & Standards Challenges Opportunities Final Thoughts © Colcomgroup 2009
  • 3. Frameworks Pros and Cons Green is the GOOGLE Issues new Black? “Green Reporting”: 37 Needs Million “Environmental Reporting”: 56 Million “Sustainability Reporting”: 85 Million © Colcomgroup 2009
  • 4. Frameworks Pros and Cons Green is the Dynamic shift in Issues public opinion new Black? Market permission to Needs be green AND profitable Looking at the entire supply chain Not just a fad or short lived trend © Colcomgroup 2009
  • 5. Pros and Cons SUSTAINABILITY The ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. World Commission on Environment and Development (The Bruntland Report) © Colcomgroup 2009
  • 6. Pros and Cons Sustainability Reporting or Environmental Reporting Corporate Social Responsibility Reporting ESG Reporting Enhanced Business Reporting KPIs Others (e.g., risk reporting, business excellence) © Colcomgroup 2009
  • 7. Partners and Shareholders Suppliers Employees Customers Govt. & STAKEHOLDERS NGOs Regulators Local Media Communities © Colcomgroup 2009
  • 8. Pros andtransparency Improves Cons Helps manage entire supply chain Yields cost savings in short term (e.g., waste reduction) Builds long term value (e.g., brand loyalty) Enhances brand Encourages innovation (e.g., renewable energy) © Colcomgroup 2009
  • 9. Pros and Cons(e.g., Attracts capital CleanTech funds) Impacts share price (e.g., Coca Cola, Nike, Sunoco) Gives competitive advantage (vs. peer group) Helps manage risk (e.g., reputation risk) © Colcomgroup 2009
  • 10. Frameworks Pros and Cons WICI/EBRC FRAMEWORKS ESG Framework from Issues DVFA/EFFAS & STANDARDS Needs G3 Framework from Global Reporting Initiative UN Global Compact 10 Principles (Environment, Labor etc.) OCEG (Open Compliance and Ethics Group) Governance Risk & Compliance Framework Prince of Wales Accounting © Colcomgroup 2009 for Sustainability
  • 11. Frameworks Pros and Cons Int’l Union for Conservation FRAMEWORKS of Nature (IUCN) Issues SustainAbility with UNEP & STANDARDS Needs Carbon Disclosure Project CERES Principles © Colcomgroup 2009
  • 12. Frameworks Pros and Cons Issues “Sustainability is here to stay Needs as a central business issue, yet many corporations do not have the right resources or organization to comply with the new demands efficiently or, more importantly, to turn them to business advantage.” -Bob Lurie, Monitor Group © Colcomgroup 2009
  • 13. Pros and Cons– not Emerging area understood by companies or stakeholders Usually not in the business plan No universal standard… yet Often championed by Marketing or PR, not C-Suite © Colcomgroup 2009 Can’t measure
  • 14. Pros and Cons Current reports: Not well understood Unusable by many Non-comparable Lack independent assurance Missing link with financial performance © Colcomgroup 2009
  • 15. Pros and Cons OPPORTUNITIES Collaborate on a global standard (wiki approach) Link to financial performance Elevate to CFO responsibility Integrate w/business planning Utilize XBRL as underlying framework to ensure interoperability with XBRL tagged financial information © Colcomgroup 2009
  • 16. OPPORTUNITIES Pros and Cons Satisfy investor & analyst demand for sustainability information Increase importance of non-financial reporting to internal and external stakeholders Leverage mass collaboration model to develop a framework and reporting standard that better matches company and user needs © Colcomgroup 2009
  • 17. FINAL THOUGHTS Pros and Cons Isn’t this just ‘reporting’? Will ‘being green’ become all about just ‘being’? Without sustainable business models, good environmental practices are meaningless Without a global standard, are reports meaningless? © Colcomgroup 2009

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