North American G4 CampaignG4 Campaign SponsorsParticipatingCertified Training Partners & Sector Leaders:• Boston College• BrownFlynn• Deloitte• ERM• ISOS Group• Lead Canada w/Sustainalytics• Bloomberg• Clorox• Curran & Connors• Dell• NYSE Euronext• Sprint• The Mosaic Company
8.00 – 8.30 Light breakfast & registration8.30 – 10.15 G4 Overview & General Update10.15 – 10.30 Break10.30 – 11.30 Main Content Changes and DiscussionAgenda
VISIONA sustainable global economy where organizations manage theireconomic, environmental, social and governance performanceand impacts responsibly and report transparently.MISSIONTo make sustainability reporting standard practice by providingguidance and support to organizationsVision & Mission of GRI
Meanwhile in Europe…EC Proposal for EUdirectiveAll large companies in theEU will have to discloseinformation on (a) policies,(b) risks and (c) results asregards environmentalmatters, social andemployee-related aspects,respect for human rights,anti-corruption and briberyissues, and diversity on theboards of directors.16 April 2013
Key objectives GRIMore reporters!Better transparency!It’s not just about your report, it’s abouttransparency creating real change.
Harmonization & alignmentInternational North American
Why G4?GRI anticipates:• continued strong growth in sustainability reporting• increasing interested from report users for clearly-presented and accessible information• harmonization between reporting tools and systems• the integration of financial and sustainability reporting
Starting points for G4• G3.1 Guidelineso The most up-to-date version of the GRI Guidelines• G4 Objectiveso Be user-friendly for beginner and experienced reporterso Improve technical quality, with clearer definitionso Align with other international reporting references(frameworks)o Lead to reports that cover material topicso Offer guidance on how to link sustainability and integratedreporting, aligned with the IIRCo Improve data access (XBRL)
G4 Launch at the GRI Conference• Over 1600 people, from over 80 countries• Over 40 sessions, with close to 200speakers
North American G4 CampaignPre-Conference11 April – GRI @ NYSE, New York2 May– GRI @ CERES, San Francisco15 May – GRI @ webinar, onlineG4 Local Launch3 June – GRI @ Sustainable Brands ‘13, San Diego6 June – GRI @ Sustainability Summit, Kansas City10, 11 June – GRI @ Deloitte, Vancouver & Calgary12 June – GRI @ Toronto Stock Exchange, Toronto19 June & 24 June – GRI @ webinar, onlineBefore… and after…
Find out more!http://grifocalpointblog.org/usa
Areas of profound revisionStructural changes• Application levels• Boundary• Disclosures on management approachContent changes• Supply chain• Governance• Greenhouse gas emissions• Anti-corruption
“Materiality” definition - GRI“Material topics for a reporting organization should include those topics thathave a direct or indirect impact on an organization’s ability to create, preserveor erode economic, environmental and social value for itself, its stakeholdersand society at large.”G4 Updates:• Explain WHY a topic is material in the sustainability report= Update to GRI’s Management Approach Disclosureshttps://www.globalreporting.org/reporting/guidelines-online/TechnicalProtocol/Pages/MaterialityInTheContextOfTheGRIReportingFramework.aspx
Reinforcement of materiality Reporting organizations willonly report what is deemedmaterial, and explain on atopic-level why this is thecase. What currently exists as theGRI Technical Protocol hasbeen incorporated directlyinto the guidelines.
The New GRI content index30You still have to publisha GRI content index inorder to classify as aGRI-based sustainabilityreport
• Core and Comprehensive Option• Both have focus on process to define materialsAspects and BoundariesIn Accordance – Two Options
For Standard Disclosures with(*), reasons for omission may apply in exceptional cases.In exceptional cases, if it is not possible to disclose certain required information, the report shoulda) Identify the information that has been omitted.b) Explain the reasons why the information has been omitted.In addition, the applicable explanation of omission from the list below should be provided:* A Standard Disclosure, part of a Standard Disclosure, or an Indicator is not applicable; the reasonwhy it is considered to be not applicable should be disclosed* The information is subject to specific confidentiality constraints; those constraints are to bedisclosed by the organization* The existence of specific legal prohibitions; a reference to the specific legal prohibitions shouldbe made* The information is currently unavailable. In the case of the unavailability of data, the organizationshould disclose the steps being taken to obtain the data and the expected timeframe for doing soThe organization should recognize, however, that a large number of omitted Standard Disclosuresmay invalidate its ability to claim that its sustainability report has been prepared ‘in accordance’with either the Core or Comprehensive options of the Guidelines.Reasons for not reporting35
TRUE OR FALSE:I want GRI to give me a “+”.I can get this “+” by either having myreport checked by GRI or having a thirdparty verify my report.External Assurance: Before37
External assurance: After..Trends in External Assurance of Sustainability Reports: Spotlight on the USA, GRI, March 2013 38
Integrated reportingClear references to integrated reporting areincluded in G4
Two parts• GRI G4: what to report?• GRI G4: how to report it?implementation manual• Sector guidance: online in tablesG4 documents40
Using the Guidelines: The steps – new sectionI. Obtain an overviewII. Choose the preferred “in accordance” optionIII.Prepare to disclose General Standard DisclosuresIV.Prepare to disclose Specific Standard DisclosuresV. Prepare the sustainability reportThe structure of the G4 Guidelines
Regulatory trends"More governments are makingsustainability reporting mandatory.“In 2006, 58 percent of policies weremandatory;now, more than two thirds (72 percent) ofthe 180 policies in the 45 reviewedcountries are mandatory.
•Learning Services Material– G4 Bridging Module July 2013– Standard course & Pathways I: September 2013– SME course & Pathways II December 2013•Reports Services - GSI– Decision on “In accordance” checks: September 2013– Certified Software for G4 and G4 onlinePost G4 Launch - Roll out phase