GRI Introduction


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GRI Introduction

  1. 1. Project For Innovation, Energy, and Sustainability<br />Guiding Principles of the Global Reporting Initiative<br />By<br />Mike Korzelius<br />Trans Sustainability Global<br />
  2. 2. Why Develop a Sustainability Report?<br />For the Following Reasons:<br />Fundamental Shift in Economies<br /> -Changing from an Industrial to an Information Economy<br />Pending Environmental Regulations<br /> -Clear Air Act, Clean Water Act, etc…<br />Financial Solvency <br /> -Financial Institution requirements, supplier/distribute requirement, Expenditure/Progress Tracking<br />Internal Communications/Marketing<br /> -Breaks down the barriers of successful implementation and increases market shares<br />
  3. 3. Who Is Interested In Sustainability Reporting? <br />A Sustainability Report will Reach all of these Parties<br />Information Economy Due Diligence<br />
  4. 4. Who uses G.R.I.?<br />84% of the Global Fortune 250 Companies produce sustainability reports<br />45% increase during global economic recession<br />Driven by economic concerns<br />81% of Top U.S. companies release Sustainability Reports as part of Financial Reporting<br />GRI Sustainability Reporting is the most commonly accepted reporting format<br />
  5. 5. GRI Reporting?<br />Global Reporting Initiative<br />Provides a Reporting Framework on how organizations can disclose their sustainability practices<br />Applicable to any organization (Public, Private, Commercial, Industrial, etc...)<br />Gives an applicable framework to information seekers to compare organizations’ sustainability practices<br />
  6. 6. G.R.I. History<br />1998-CERES Initiates a disclosure framework for sustainability information and receives foundation funding<br />1999-United Nations Environmental Programmejoins CERES in GRI Framework Development<br />2000-First GRI Sustainability Guidelines are released<br />
  7. 7. 2002- CERES Funding Discontinued and GRI becomes a stand-alone entity<br />2004- GRI engages 450 Global Experts in sustainability, and develops first sector supplements<br />2006- Draft G3 Sustainability Reporting Guidelines are released for feedback- 270 Responses were received<br />2007- G3 Guidelines altered and adopted<br />
  8. 8. GRI Framework<br />All GRI G3 Sustainability Reports are generated under the same premise to ensure comparability to other organizations<br />
  9. 9. Standard Disclosures<br />Consists of THREE “Standard Disclosures”:<br />Strategy and Profile-<br /> -Sets overall context for performance such as strategy, profile, & governance<br />Management Approach-<br /> -Methods of addressing a given set of topics and drives performance<br />Performance Indicators-<br /> -Indicators that elicit comparable information of the triple bottom line<br />
  10. 10. Core Indicators<br />There are SIX Core Indicator Groups which:<br />Indicate strategic priorities<br />Describe broader trends effecting sustainability priorities<br />Indicate key accomplishments, and failures during the reporting period<br />Report target standing<br /> Identifies medium term barriers (3-5 years)<br />Describes organization’s strategic approach<br />
  11. 11. The Six Core Indicators<br />Economic Performance Indicators<br />Environmental Performance Indicators<br />Labor Practices Indicators<br />Human Rights Performance Indicators<br />Society Indicators<br />Product Responsibility Indicators<br />
  12. 12. Core Indicators<br />All Core Indicators consist of reporting for:<br />Goals & Performance<br />Policies<br />Organizational Responsibility<br />Training and Awareness<br />Monitoring & Follow Up<br />Additional Contextual Information<br />
  13. 13. Economic Performance <br />Consists of NINE Indicator Conditions:<br />Describes the flow of capital among different stakeholders, and<br />Main Economic impacts of the organization throughout the society<br />Demonstrated by:<br />Economic Performance<br />Market Presence<br />Indirect Economic Impacts<br />
  14. 14. Environmental Indicators<br />The largest set of Indicator Conditions in the GRI<br />Consists of 30 Indicator Conditions<br />Measures impacts on living/non-living natural systems<br />Performance related to inputs & outputs<br />Measures the internal policies, organizational responsibility, training & awareness, and monitoring methods<br />
  15. 15. Environmental<br />Environmental Indicators are measured by:<br />Report Indicators of:<br /><ul><li> Key Success & Shortcomings
  16. 16. Organization Risks & Opportunity
  17. 17. Major Changes
  18. 18. Key Strategies</li></li></ul><li>Labor Practices<br />Labor Practices and Decent Work Consists of 14 Indicator Conditions which:<br />Are based on Internationally recognized Universal Standards<br />Concerns Five Disclosures:<br />Employment, Labor Relations, OSH, Training & Education, Diversity<br />Driven by two instruments;<br />ILO Tripartite Declaration Concerning Multinational Enterprises & Social Policy<br />Organization for Cooperation and Development (OECD)<br />
  19. 19. Human Rights<br />Consists of NINE Indicator Conditions which;<br />Consider human rights for investment and contractor/supplier selection<br />Covers training on human rights regarding non-discrimination. Freedom of association, child labor, indigenous rights, & compulsory labor<br />Drivers Consist of:<br />UN Charters regarding Human Rights<br />
  20. 20. Society Indicators<br />Consist of Eight Indicator Conditions which:<br />Monitoring and preventive actions regarding supply chain<br />Drivers consist of:<br />Performance and Certification Systems<br />Auditing Methods<br />
  21. 21. Product Responsibility<br />Consists of NINE Indicator Conditions<br />Reports on effects of products on customers health and safety<br />Products information and labeling<br />Marketing Methods & Customer Privacy<br />Drivers consist of:<br />Compliance and Consumer Rights<br />
  22. 22. GRI Sector Supplements<br />GRI has established Sector Supplements for:<br />Each supplement sector has its own Indicator Conditions<br />
  23. 23. Important Factors<br />Boundary Setting<br /> -Boundaries have to be inclusive enough, but not too broad<br />Quality Setting-<br />-A, B, or C style report, and do you want a plus (+) after it<br />Stakeholder Inclusiveness<br />-How has the organization responded to their interests<br />Sustainability Context<br /> -Does it relate to the indicators?<br />
  24. 24. MOST IMPORTANTLY<br />TRANSPARENCY!!!<br />Transparency about the sustainability of organizational activities is of interest to a diverse range of stakeholders, including business, labor, NGO’s, investors, accountancy, and others…<br />
  25. 25. Questions<br />Thank you for the opportunity to speak with you today<br />Mike Korzelius<br />Trans Sustainability Global<br />704-996-5113<br /><br />Website:<br />
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