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GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
GRI Introduction
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GRI Introduction

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  • 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. 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. Who Is Interested In Sustainability Reporting? <br />A Sustainability Report will Reach all of these Parties<br />Information Economy Due Diligence<br />
  • 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. 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. 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. 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. GRI Framework<br />All GRI G3 Sustainability Reports are generated under the same premise to ensure comparability to other organizations<br />
  • 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. 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. 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. 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. 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. 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. Environmental<br />Environmental Indicators are measured by:<br />Report Indicators of:<br /><ul><li> Key Success & Shortcomings
  • 16. Organization Risks & Opportunity
  • 17. Major Changes
  • 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. 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. 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. 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. GRI Sector Supplements<br />GRI has established Sector Supplements for:<br />Each supplement sector has its own Indicator Conditions<br />
  • 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. 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. Questions<br />Thank you for the opportunity to speak with you today<br />Mike Korzelius<br />Trans Sustainability Global<br />704-996-5113<br />mkorzelius@transsustain.com<br />Website: transsustain.com<br />
  • 26. Blank Slide<br />

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