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Accsr 10.06.10


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Victoria Coleman, the GRI Focal Point in Australia, gave this presentation on sustainability reporting in Australia at our GRI-Certified Training Program in Sydney in June 2010.

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Accsr 10.06.10

  1. 1. ACCSR Introductory Workshop Victoria Coleman Focal Point Manager - Australia
  2. 2. Who is reporting? GRI Guidelines are being used in 65 countries >80% of Global Fortune 250 Over 1350 reports registered in 2009 companies report on sustainability - 70% use the GRI 94% of ASX100 companies now disclose on sustainability (up from 83% in 2008) 32% of these produce a stand alone report – more than half use GRI © GRI 2010
  3. 3. Industry Distribution of GRI Reporters 4% 4% 19% 6% Commercials & Financial Services 6% Materials Industrial Utilities Other 7% Construction & Real Estate 16% Non-Profit/Services Retail & Consumer Staples Energy Public Agency 9% Telecommunications 10% 9% 10% © GRI 2010
  4. 4. © GRI 2010 Reporters in Australia
  5. 5. Standardized Reporting Reporting standards and guidelines used by companies (G250 and N100) © GRI 2010
  6. 6. Why report?
  7. 7. Key drivers for reporting (G250) © GRI 2010
  8. 8. Customers & Suppliers are asking for it! © GRI 2010
  9. 9. Government is starting to regulate Stronger role for regulation to 142 reporting standards, 2/3 ensure a minimum level of mandatory (UNEP/GRI - 30 country study, Carrots and Sitcks, May 2010) disclosure and risk prevention. Majority of 79,000 MNE’s still do Emerging combination of not disclose (complementary) voluntary and mandatory approaches Edelman trust barometer 2009 + 2010: Trend towards integration – #1 issue = transparency one report on corporate public looks for governments to intervene on transparency governance, financials and sustainability. Commissioner Barnier in London 31/3: ‘ Self-regulation has failed’ © GRI 2010
  10. 10. Investors are paying attention Findings: Source: Bloomberg Companies that focused on sustainability outperformed peers by 15% during the financial crisis Source: AT Kearney – Feb. 2009 © GRI 2010
  11. 11. Key Trend: Integrated Reporting Companies issuing integrated reports: © GRI 2010 11
  12. 12. Looking forward: GRI Propositions By 2015 all large and medium-sized companies in OECD countries and fast-growing emerging economies should be required to report publicly on their ESG performance, or if they don’t, explain why. Standardized integrated reporting should be defined, tested and adopted by 2020. Should GRI develop the G4 Guidelines to update best practice guidance on ESG reporting and to help companies and information users to gain experience with integrated reporting in preparation for an international integrated reporting standard? © GRI 2010
  13. 13. Latest Activities from GRI Announcements GRI Joins the International Integrated Reporting Committee UNGC – GRI Partnership 2010 Carrots and Sticks Report Launched The Transparent Economy Six tigers stalk the global recovery—and how to tame them Report Launched © GRI 2010
  14. 14. Sustainability Reporting Framework continuous improvement projects Newly Launched Sector Supplements G3 Updates underway Report Content and Materiality Food Processing Sector Supplement (A+ Supply Chain by31 December 2011) National Annex – Brazil Sector Supplements underway NGO Sector Supplement (A+ by 31 Oil & Gas December 2011) Airports Media Public Comment Periods - Open Now Sector Supplements finalised Guidelines: G3.1 - Human Rights, Financial Services Community and Gender – comments due by Electric Utilities Mining & Minerals 23 August 2010. Pilot SS – Available for use Construction and Real Estate – comments Apparel and Footwear - Pilot only Automotive - Pilot only due by 30 June 2010. Logistics & Transport - Pilot only Public Agency - Pilot only Event Organizers Sector Supplement Telecommunications - Pilot only comments due by 3 August 2010. © GRI 2010
  15. 15. GRI in Australia GRI Governance Networking Facilitate Australian organisations Facilitate the meeting of GRI report involvement in GRI activities writers and report users GRI Board Networking events – OS Stakeholder Council Seminars Sector Supplement Working Groups International conference delegation Coordinated PCP Responses International exchange programs Learning & development Engagement & Advocacy Introductory workshops (1/2 day) Government Webinars Investors Sector Supplement briefings Industry Certified training (w/ partners) (2 day) NGOs Focus Groups Supply chains Updates / briefings © GRI 2010
  16. 16. Thank you To keep up to date on all things GRI, drop me an email: Victoria Coleman Global Reporting Initiative 02 9909 5777