Gri based sdr proposal


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Gri based sdr proposal

  1. 1. Reporting Sustainability – Getting control of your imageGRI Based Sustainable Development ReportingWhat is sustainability?Industrialization and globalization have changed the context of business, acceleratingeconomic growth and intensifying social and environmental risks and impacts. Asustainability program is the sum total of corporate strategies, policies, goals and initiativesbased on drivers of economic, social and environmental risk, return, resources andreputation. Sustainability program ensures that amid environmental, social and eveneconomic uncertainty, an organization is able to adapt and remain viable for the long-terminterest of the owners.Growing relevance of Sustainability reportingSustainability reporting as a practice, over the last ten years has evolved from being afringe one to a mainstream practice. Some of the drivers of the same are1. There is an increasing volume of queries on sustainability performance of product/services providing organizations from customers and socially responsible investors. In some cases, the RFPs by prospective clients can as k information about sustainability activities of the company, thus making it a part of market access requirement.2. In not-so-distant future, for a company to be a supplier to corporations such as Wal - mart, it would need to disclose its performance on parameters such as workers working conditions, greenhouse gas emissions and use of natural resources such as water.3. Reporting ones performance on sustainability front has a definite marketing value, either intended or intended. It can help in garnering recognition from third parties in form of green/sustainability rankings.EcoLogic Consultancy
  2. 2. Reporting Sustainability – Getting control of your image4. As a continuation of a fierce competition in the marketplace on all parameters, competition in public relations is ensuring that information requests such as Carbon Disclosure Project are becoming mainstream means of communicating with conscious investors and public.5. Activities that are voluntary today can become mandatory by law in future. Proposed ideas such as CSR credits can make sustainability and corporate social responsibility a key governance measure for action and reporting6. Companies that have good performance in sustainability and reporting it have better ability to attract and retain talent.Global Reporting InitiativeGRI started in the US based nonprofits CERES and the Tellus Institute. It started as aframework for environmental reporting in the early 1990s with the aim of creating anaccountability mechanism to ensure companies followed the CERES Principles forresponsible environmental conduct. GRI gives the reporting organization a flexibility ofchoosing the level of compliance to the stipulated guidelines and the checking in formsuitable to the organization (self, third party or GRI itself). Across the globe, over 1000organizations across countries, sectors and scales self declare the use of the GRI Guidelinesin their sustainability reports, and a multitude of others use the guidelines on a moreinformal basis without self-declaration. In India, leading companies such as ITC, Infosys andDr. Reddy’s have their sustainability reports complying GRI guidelines.An organization should base its sustainability report on GRI’s guidelines since1. Businesses, through their operations have impact on the environment and the society they operate in.2. Many organizations undertake initiatives, spending significant resources – monetary and non-monetary in executing these initiatives.EcoLogic Consultancy
  3. 3. Reporting Sustainability – Getting control of your image3. Socially responsible investors such as FMO do follow and stimulate others to use Global Reporting Initiative’s G3 guidelines4. Publishing a report complying G3 guidelines at the GRI forum can give the organization visibility at international level along with the best in class companies across the globe. Such a visibility is a powerful differentiator in the eyes of stakeholders such as investors, suppliers and employees.Indian companies – Building reporting systemsAs more and more Indian companies understand the importance of sustainability in theirregular business operations and in approaching foreign investments, they have started theprocess of identifying and establishing their approach to sustainability, monitoring theprocess internally and generating Sustainable Development Report of their own. More andmore reports are being generated every passing year. The reports are also getting featuredon the sites on Global Reporting Initiative as shown in the pictures below. a - Sustainable Development Report - Jain IrrigationEcoLogic Consultancy
  4. 4. Reporting Sustainability – Getting control of your image b - Sustainable Development Report - L & TMore about the reporting guidelinesThe Reporting Framework provides guidance on how organizations can disclose theirsustainability performance. The Guidelines (“G3”) are the foundation of the Framework.The Framework is applicable to organizations of any size, constituency or location, and hasbeen used already by many hundred organizations around the world as the basis of theirsustainability reporting.The schematic on the next page shows how the GRI’s G3 guidelines can be applied to thesustainability efforts of an organization to generate a focused Sustainable DevelopmentReport. The next schematic lays out the various aspects of G3 guidelines as a part of theoverall GRI framework on reporting sustainability.EcoLogic Consultancy
  5. 5. Reporting Sustainability – Getting control of your image c - Sustainable Development Reporting d - GRI Reporting GuidelinesEcoLogic Consultancy
  6. 6. Reporting Sustainability – Getting control of your imageWe can!EcoLogic Consultancy is a focused carbon, renewable energy and sustainability consultingfirm. We do have relevant experience in carbon accounting, carbon emission reduction andsustainability reporting and communication. We have undertaken focused training andcertification for GRI Certified Training Program organized by CII-ITC Centre of Excellencefor Sustainable Development (CESD). The certificate issued to us is attached.EcoLogic Consultancy
  7. 7. Reporting Sustainability – Getting control of your imageAbout UsEcoLogic Consultancy came into existence with the purpose of “To help our clients inunderstanding, establishing sound Environment Management Systems, and pursuing sustainablebusiness solutions through our various services to abate direct and indirect impact on ecologicalbalance.”We have expertise in the areas of carbon accounting and management, sustainability and carbonbranding, energy management systems, voluntary/compliance carbon markets and environmentmanagement.To know more about EcoLogic, please visit schedule a meeting and discussion with us, do reach us onKedar - +91-9665407848 – kedar@ecologicconsultancy.inIndrajeet - +91-9028788430 – indrajeet@ecologicconsultancy.inEcoLogic Consultancy