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Sustainability Reporting

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Overview of what sustainability reporting is, top standards, and benefits of reporting

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Sustainability Reporting

  1. 1. Sustainability ReportingDO I HAVE TO ??<br />Jennifer H. Elder<br />CPA, CMA, CIA, CFF<br />The Sustainable CFO<br />jelder@sustainablecfo.com<br />
  2. 2. WHAT IS SUSTAINABILITY?<br />
  3. 3. DEFINITIONS OF SUSTAINABILITY<br />
  4. 4. DO YOU HAVE TO REPORT ???<br />
  5. 5. DO YOU HAVE TO ???<br />
  6. 6. DO YOU HAVE TO ???<br />32.1%<br />
  7. 7. No one ever catches the back of the wave and reaches shore. You’ve got to start paddling before the wave comes in….<br />Being ahead of the curve always leads to profits.<br />Shai Agassi, CEO, Better Place<br />
  8. 8. BE AHEAD OF THE CURVE!IT’S GOOD FOR BUSINESS!<br />
  9. 9. BE AHEAD OF THE CURVE!<br />OR BE LATE!<br />
  10. 10. WHAT DO WE REPORT NOW?<br />
  11. 11. WHAT IS SUSTAINABILITY REPORTING?<br />
  12. 12. WHAT IS SUSTAINABILITY REPORTING?<br />Names<br /> Uses<br /> Forms<br /> Content<br /> Standards<br />
  13. 13. DIFFERENT NAMES<br />Environmental Impact<br /> Health & Safety<br /> Community Affairs<br /> Corporate Citizenship<br /> Corporate Social<br /> Responsibility (CSR)<br />Environmental, Social,<br /> Governance (ESG)<br />
  14. 14. DIFFERENT USES<br />Public relations<br /> Communication<br /> Improvement<br />
  15. 15. DIFFERENT FORMS<br />Separate report<br /> Attachment to annual report<br /> Combined report<br /> Statement<br /> Online report<br />
  16. 16. DIFFERENT CONTENT<br />Environmental impacts<br /> Safety<br /> Community service<br /> Supply chain<br /> Policy<br /> Results<br />
  17. 17. DIFFERENT STANDARDS<br />G -3 Protocol<br /> UN Global Compact<br /> ISO 26000<br /> Account Ability AA1000<br /> Connected Reporting <br /> Framework <br />Sarbannes Oxley<br />
  18. 18. DIFFERENT BUT SIMILAR<br />Communication<br /> Connects company to <br /> world<br /> Address issues around risk<br /> Process for measuring, disclosing, and being <br /> held accountable<br />
  19. 19. NIKE<br />
  20. 20. NIKE<br />
  21. 21. NIKE<br />
  22. 22. TOYOTA<br />
  23. 23. TOYOTA<br />
  24. 24. TOYOTA<br />
  25. 25. TOYOTA<br />
  26. 26. WALMART<br />
  27. 27.
  28. 28.
  29. 29. HISTORY<br />1953 – Social Resp. of Businessmen<br />1989 – Ben & Jerry’s S/H Report<br />1995 – AccountAbility<br />1997 – Global Reporting Initiative<br />2000 – UN Global Compact<br />2002 – Sarbannes-Oxley<br />2004 – ISO 14000<br />2005 – Accounting for Sustainability<br />2010 – ISO 26000<br />
  30. 30. WHY REPORT? <br />External Pressures !!!<br /> Governmental regulation<br /> NGO advocacy<br /> Consumer concerns<br /> Channel requirements<br /> Investor Requirements<br />
  31. 31. WHY REPORT - MANDATES !<br />
  32. 32. WHY REPORT - UPSIDE!<br />Identify & minimize legal & business risk<br />Improve trust/credibility with <br /> stakeholders<br />Enhance reputation and brand<br />Increase customer loyalty<br />
  33. 33. WHY REPORT - UPSIDE!<br />Increase market share<br />Gain competitive advantage<br />Increase innovation<br />Improve employee recruitment and retention<br />
  34. 34. MAJOR STANDARDS<br />
  35. 35. UN GLOBAL COMPACT<br /> 2000 - 18 members<br /> 2010 - 8,000+<br /> Ten Principles:<br />Human Rights<br />Labor<br />Environment<br />Anti-Corruption <br />
  36. 36. AccountAbility AA1000<br /> 1995 – DC/NY/London/Bejing<br /> 1999 – AA1000 Standards<br /> Principles Standard covers:<br />Inclusivity<br />Materiality<br />Responsiveness<br /> Assurance standard<br />
  37. 37. GLOBAL REPORTING INITIATIVE<br />2000 G-1 Standard, 2006 G-3 <br />80 Indicators<br />Economics<br />Labor Practices<br />Human Rights<br />Society<br />Product Responsibility<br />Assurance<br />
  38. 38. WHERE DO YOU BEGIN?<br />8 STEP PROCESS<br /> Do your homework<br /> Develop strategy<br /> Establish goals<br /> Create metrics<br /> Engage stakeholders<br /> Collect data<br /> Evaluate results<br /> Write the report<br />
  39. 39. IT’S AN ONGOING PROCESS<br />
  40. 40. BE AHEAD OF THE CURVE!<br />OR BE LATE!<br />
  41. 41. Jennifer H. ElderCPA, CMA, CIA, CFFThe Sustainable CFOThe GPS for your business!Consulting-On Demand CFO ServicesBusiness Coaching-Trainingwww.sustainablecfo.com 410.231.1881 jelder@sustainablecfo.com<br />SustainableCFO<br />
  42. 42. RESOURCES<br />GRI<br />www.globalreporting.org<br />AccountAbility<br />www.accountability.org<br />UN Global Compact<br />www.globalreporting.org<br />Sustainable Business Institute<br />www.sustainablebusiness.org<br />
  43. 43. HOW TO READ A REPORT <br />CEO Statement<br />Summary key facts<br />Voice of stakeholders<br />Issues<br />
  44. 44. WHAT TO LOOK FOR IN A REPORT ?<br />Timeframe<br />Subjects covered<br />Standards used<br />KPI’S<br />
  45. 45. WHAT TO LOOK FOR IN A REPORT ?<br /> Trends<br /> Interactivity<br /> Consistency with prior <br /> reports<br /> Verification<br />

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