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