Welcome to GRI’sLaunch of#G4 in CanadaVancouver, CalgaryJune 10 & 11, 2013Vancouver, Calgary, 10, 11 June 2013
Focus on what matters, where it matters
North American G4 CampaignG4 Campaign SponsorsParticipatingCertified Training Partners & Sector Leaders:• Boston College• ...
8.00 – 8.30 Light breakfast & registration8.30 – 10.15 G4 Overview & General Update10.15 – 10.30 Break10.30 – 11.30 Main C...
​VISIONA sustainable global economy where organizations manage theireconomic, environmental, social and governance perform...
Meanwhile in Europe…EC Proposal for EUdirectiveAll large companies in theEU will have to discloseinformation on (a) polici...
Key objectives GRIMore reporters!Better transparency!It’s not just about your report, it’s abouttransparency creating real...
Harmonization & alignmentInternational North American
Market uptakeAnd others…
Why G4?GRI anticipates:• continued strong growth in sustainability reporting• increasing interested from report users for ...
Starting points for G4• G3.1 Guidelineso The most up-to-date version of the GRI Guidelines• G4 Objectiveso Be user-friendl...
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 @ web...
Find out more!http://grifocalpointblog.org/usa
Areas of profound revisionStructural changes• Application levels• Boundary• Disclosures on management approachContent chan...
“Materiality” definition - GRI“Material topics for a reporting organization should include those topics thathave a direct ...
Reinforcement of materiality Reporting organizations willonly report what is deemedmaterial, and explain on atopic-level ...
Defining Material Aspects & Boundaries
Materiality Matrix
22All = equal In G4, there is no distinctionbetween ‘core’ and‘additional’ indicators.
 Sector Supplementcontent is simplified,to be used whenselecting materialTopicsSector guidance
In G4, different levels of disclosure are expected depending on anorganization’s control and influence.“Extent of disclosu...
Generic DMA (narrative) per GRI ASPECTDisclosures on Management Approach25
Break
Main Content Changes27New Disclosures: Supply Chain Governance & RemunerationUpdated Disclosures Anti-corruption GHG E...
New GRI Aspects
New GRI Aspects
The New GRI content index30You still have to publisha GRI content index inorder to classify as aGRI-based sustainabilityre...
• Core and Comprehensive Option• Both have focus on process to define materialsAspects and BoundariesIn Accordance – Two O...
For Standard Disclosures with(*), reasons for omission may apply in exceptional cases.In exceptional cases, if it is not p...
Example: Dell’s GRI Index36Taken from Dell’s 2012 Corporate Responsibility Report
TRUE OR FALSE:I want GRI to give me a “+”.I can get this “+” by either having myreport checked by GRI or having a thirdpar...
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 do...
Using the Guidelines: The steps – new sectionI. Obtain an overviewII. Choose the preferred “in accordance” optionIII.Prepa...
General and Specific Disclosures
Regulatory trends"More governments are makingsustainability reporting mandatory.“In 2006, 58 percent of policies weremanda...
What’s happening in the USA?
Stock Exchange ActivityMay 2010 January 2011
• GRI & Other Initiatives:• OECD MNE Guidelines• UNGC Principles• UN Guiding Principles on Business andHuman Rights• GRI &...
Harmonization: other initiativesWhere? Legend, links to OECD/UNGC
Harmonization: other initiativesWhere? GHG disclosures* G4 WG with CDP & ClimateRegistry* Aligned with WRI & ISO 14064
Harmonization: other initiativesWhere? Linkage tables in G4
• GRI & Other Initiatives:• OECD MNE Guidelines• UNGC Principles• UN Guiding Principles on Business andHuman Rights• GRI &...
• GRI & Other Initiatives:• OECD MNE Guidelines• UNGC Principles• UN Guiding Principles on Business andHuman Rights• GRI &...
Supply Chain – G4-12 Describe the supply chainNew Disclosures - examples
Overview of Supply Chain Disclosures in G4, pg 86New Disclosures - examples
Governance & Remuneration Disclosures, G4 – 34-55New Disclosures - examples
Remuneration, G4 – 51-55New Disclosures - examples
What about the Sector Supplements?Guidance - SectorNew publication
New publicationGuidance – Integrated reporting57
Guidance - assurance58
•Learning Services Material– G4 Bridging Module July 2013– Standard course & Pathways I: September 2013– SME course & Path...
Thank Youwww.grifocalpointblog.org/usawww.griconference.org60
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GRI Launched of G4 in Canada - Vancouver and Calgary, June 10, 11, 2013

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20130610 gri vancouver_calgary

  1. 1. Welcome to GRI’sLaunch of#G4 in CanadaVancouver, CalgaryJune 10 & 11, 2013Vancouver, Calgary, 10, 11 June 2013
  2. 2. Focus on what matters, where it matters
  3. 3. 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
  4. 4. 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
  5. 5. ​VISIONA sustainable global economy where organizations manage theireconomic, environmental, social and governance performanceand impacts responsibly and report transparently.MISSION​To make sustainability reporting standard practice by providingguidance and support to organizationsVision & Mission of GRI
  6. 6. 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
  7. 7. Key objectives GRIMore reporters!Better transparency!It’s not just about your report, it’s abouttransparency creating real change.
  8. 8. Harmonization & alignmentInternational North American
  9. 9. Market uptakeAnd others…
  10. 10. 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
  11. 11. 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)
  12. 12. G4 Launch at the GRI Conference• Over 1600 people, from over 80 countries• Over 40 sessions, with close to 200speakers
  13. 13. 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…
  14. 14. Find out more!http://grifocalpointblog.org/usa
  15. 15. Areas of profound revisionStructural changes• Application levels• Boundary• Disclosures on management approachContent changes• Supply chain• Governance• Greenhouse gas emissions• Anti-corruption
  16. 16. “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
  17. 17. 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.
  18. 18. Defining Material Aspects & Boundaries
  19. 19. Materiality Matrix
  20. 20. 22All = equal In G4, there is no distinctionbetween ‘core’ and‘additional’ indicators.
  21. 21.  Sector Supplementcontent is simplified,to be used whenselecting materialTopicsSector guidance
  22. 22. In G4, different levels of disclosure are expected depending on anorganization’s control and influence.“Extent of disclosure” concept
  23. 23. Generic DMA (narrative) per GRI ASPECTDisclosures on Management Approach25
  24. 24. Break
  25. 25. Main Content Changes27New Disclosures: Supply Chain Governance & RemunerationUpdated Disclosures Anti-corruption GHG Emissions
  26. 26. New GRI Aspects
  27. 27. New GRI Aspects
  28. 28. The New GRI content index30You still have to publisha GRI content index inorder to classify as aGRI-based sustainabilityreport
  29. 29. • Core and Comprehensive Option• Both have focus on process to define materialsAspects and BoundariesIn Accordance – Two Options
  30. 30. 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
  31. 31. Example: Dell’s GRI Index36Taken from Dell’s 2012 Corporate Responsibility Report
  32. 32. 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
  33. 33. External assurance: After..Trends in External Assurance of Sustainability Reports: Spotlight on the USA, GRI, March 2013 38
  34. 34. Integrated reportingClear references to integrated reporting areincluded in G4
  35. 35. Two parts• GRI G4: what to report?• GRI G4: how to report it?implementation manual• Sector guidance: online in tablesG4 documents40
  36. 36. 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
  37. 37. General and Specific Disclosures
  38. 38. 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.
  39. 39. What’s happening in the USA?
  40. 40. Stock Exchange ActivityMay 2010 January 2011
  41. 41. • GRI & Other Initiatives:• OECD MNE Guidelines• UNGC Principles• UN Guiding Principles on Business andHuman Rights• GRI & Integrated Reporting• GRI & Supply ChainGRI & Harmonization
  42. 42. Harmonization: other initiativesWhere? Legend, links to OECD/UNGC
  43. 43. Harmonization: other initiativesWhere? GHG disclosures* G4 WG with CDP & ClimateRegistry* Aligned with WRI & ISO 14064
  44. 44. Harmonization: other initiativesWhere? Linkage tables in G4
  45. 45. • GRI & Other Initiatives:• OECD MNE Guidelines• UNGC Principles• UN Guiding Principles on Business andHuman Rights• GRI & Integrated Reporting• GRI & Supply ChainHarmonization: Integrated Reporting
  46. 46. • GRI & Other Initiatives:• OECD MNE Guidelines• UNGC Principles• UN Guiding Principles on Business andHuman Rights• GRI & Integrated Reporting• GRI & Supply ChainHarmonization: supply chain
  47. 47. Supply Chain – G4-12 Describe the supply chainNew Disclosures - examples
  48. 48. Overview of Supply Chain Disclosures in G4, pg 86New Disclosures - examples
  49. 49. Governance & Remuneration Disclosures, G4 – 34-55New Disclosures - examples
  50. 50. Remuneration, G4 – 51-55New Disclosures - examples
  51. 51. What about the Sector Supplements?Guidance - SectorNew publication
  52. 52. New publicationGuidance – Integrated reporting57
  53. 53. Guidance - assurance58
  54. 54. •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
  55. 55. Thank Youwww.grifocalpointblog.org/usawww.griconference.org60

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