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GRI Presentation to GVis2012


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GRI Presentation to GVis2012

  1. 1. Sustainability Reporting - Construction and Real Estate Tamara Bergkamp Reporting Framework CoordinatorAmsterdam, July 2012
  2. 2. Content• The sustainability challenge• What is the Global Reporting Initiative?• What is sustainability reporting?• The GRI Construction and Real Estate Sector Guidance• New developmentsAmsterdam, July 2012
  3. 3. The sustainability challenge How can business be profitable andcontribute to solutions at the same time?
  4. 4. Managing change “What you can’t measure, you cannot manage. What you can’t manage, you cannot change.” Peter Drucker Writer, professor and management consultant
  5. 5. GRI: a network organization Business Academia Civil Society Labor Government FinanceAmsterdam, July 2012
  6. 6. GRI’s MissionTo make sustainability reportingstandard practice by providingguidance and support to organizations.Amsterdam, July 2012
  7. 7. The business case for reporting Competitive Opportunities advantage Attract Enhanced investors reputation & Improve management loyalty process Attract & StakeholderInternal retain talent engagement External Reduce waste, CO2, water usage Government and stock exchange requirements Risks Amsterdam, July 2012
  8. 8. Sustainability Reporting Framework• Guidelines• Protocols• Sector Supplementswww. globalreporting.orgAmsterdam, July 2012
  9. 9. Construction and Real Estate Supplement Content Strategy and Analysis Principles Quality (Risk, Opportunity Focus re whole organisation) Boundary Organizational ProfileG3.1 Profile Report parameters Governance, commitments, Standard and engagement Disclosures Economic Category Disclosure on Management Approach (DMA) and Environmental Category Performance Labor Indicators Human Rights Social Category Society Product Responsibility Amsterdam, July 2012
  10. 10. Some views on the industry … INTERNAL EXTERNAL • Complex and divers • Big consumer of • Many Stakeholders resources • Significant impacts • ‘Touch People’s lives’ • Large supply chain • Lasting legacies: positives, negatives • Broad range of issues or both • Lack of reporting • Visible activities, but consistency often obscured impactsAmsterdam, July 2012
  11. 11. GRI Construction and Real Estate Sector Supplement A tailored version for the Construction and Real Estate industry. For companies that: Invest in buildings and/or infrastructure Develop and /or construct, buildings and/or infrastructure Manage buildingsAmsterdam, July 2012
  12. 12. Construction & Real Estate Guidance Some examplesGRI categories Topics / ExamplesEconomic • Policies end practice to encourage positive, and minimize negative, economic legacy impacts • Local hiring proceduresEnvironmental • Building energy, water, and greenhouse gas emissions intensity • Greenhouse Gas Emissions • Remediation of landLabor • Health and safety risks • Policies and practices on outsourcing work (contractors and subcontractors) and workers without a formal contract (daily, casual and/or foreign workersHuman Rights • Screening of contractors and subcontractors on violations of human rightsSociety • Displacement and resettlement of personsProduct • Sustainability certification and labelling schemesResponsibility
  13. 13. Supplement development CONSENSUS BASED APPROACHOctober 2009 September 2011 Six Working Group meetings Two public comment periods, 90 days Consultations + outreach +Phone call discussions + email exchange GRI technical guidance, support and approval processAmsterdam, July 2012
  14. 14. Construction & Real Estate GRI Sector Supplement Working Group Consultants:Amsterdam, July 2012
  15. 15. Looking towards the future May 2013Amsterdam, Jul y 2012
  16. 16. Todays… and future reporting context• Demand for sustainability performance information is increasing• Metrics not coherent or harmonized• Most reports lack material focus and sometimes precision• Integrated Reporting is a trend G4 next generation of reporting guidanceAmsterdam, July 2012
  17. 17. GRI G4 Guidance - Objectives• To be user-friendly for beginners and experienced reporters• To improve technical quality, with clearer definitions• To align with other reporting frameworks• To offer guidance which leads to material reports (“materiality”)• To offer guidance on how to link sustainability reporting and integrated reporting - aligned with IIRC• To provide support to improve data searching (XBRL)Amsterdam, July 2012
  18. 18. G4 timeline 2011 2012 2013MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN We are here Launch May 2013 Text Revision / Editing Task Force Working Working Governance Public Comment Working Groups Public Comment Bodies give Preparatory Stage Groups Groups Final Edit LAUNCH Period 1 Meet Period 2 Final Vote Formed Mee tMAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 2011 2012 2013 Help to shape the future guidance Provide feedback! Amsterdam, July 2012
  19. 19. Any questions? THANK YOU!Amsterdam, July 2012