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GRI presentation @ IFAC


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28 February IFAC CEO Summit

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GRI presentation @ IFAC

  1. 1. The Reporting Journey of the Global Reporting Initiative and the GRI Secretariat 28 February 2012 Session: IR - Setting the example Marjella Alma Manager, Focal Point USA Global Reporting Initiative Venue, Date +1 917 690 0909IFAC, Chief Executives Strategic Forum, 28 February 2012
  2. 2. OutlineAbout GRI and its connection to IFAC andIntegrated ReportingGRI’s own reporting over timeGRI’s sustainability reporting journey: towardsG4
  3. 3. Shared goal: sustainable economy Sustainable Economy“IFAC’s vision of <….> being recognized as a valued leader in the developmentof strong and sustainable organizations, financial markets and economies. “(source: IFAC)“Integrated Reporting will help to bring together data that is relevant to theperformance and impact of a company, <….> in the context of the drivetowards a more sustainable global economy.” (source: the IIRC)
  4. 4. GRI’s vision & missionVisionA sustainable global economy where organizationsmanage their economic, environmental, social andgovernance performance and impacts responsibly andreport transparently.MissionTo make sustainability reporting standard practice byproviding guidance and support to organizations.
  5. 5. GRI’s Sustainability Reporting framework development1997 Boston – Inception of GRI Head office: Amsterdam2000 Boston – G1 Guidelines 5 regional Focal Points: Sao Paolo, Sydney, Beijing,2002 Amsterdam – G2 Delhi, New York.2006 Amsterdam – G3 10 Sector Guidance Guidelines available2011 Amsterdam – G3.1 Update Strategic collaborations with2013 Amsterdam – Launch of G4 ISO, OECD, UNEP and UNGC
  6. 6. GRI reports 1999-2011*2500 November 2011: The GRI Guidelines are used by 80 percent of the G250 ** *TBD2000 1913 GRI is still 15151500 counting 11211000 715 524500 378 280 148 166 126 11 44 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 *Sustainability Disclosure Database data from 1 February 2012 ** Source: 2011 KPMG CSR Survey
  7. 7. 300 GRI reports by sector 2010250200150100 50 0
  8. 8. Paper, Planes and People FY 2009/2010 GRI’s own GRI sustainability report Published by GRI – the Secretariat Published on an annual basis – fiscal year Based on GRI G3 Guidelines, A. GRI’s 5th GRI report
  9. 9. March 2012: Launch of GRI’s FY 2010/2011 reportGRI’s biggest sustainability impacts are indirect, i.e. improvingthe sustainability and transparency of thousands of organizationsworldwide. Report will focus on GRI’s performance onworkstream goals.New: – use of the G3.1 Guidelines – use of NGO Sector Supplement – new stakeholder engagement process – an external feedback committee
  10. 10. FY 2010/2011: preview of achievements3 key themes: programs, policy and partnershipsA few highlights:94% of the materials used are recycled input materials (EN)Offset all business related travel (EN)Launch of the Employee Representation Body (LA)Launch of the Report or Explain Forum (Programeffectiveness)
  11. 11. FY 2011/2012: what’s next?Combine GRI’s “Year in Review” and “GRI’ssustainability report”, this will increase focus onprogram effectiveness.Further quantify GRI’s program effectivenessMandatory financial reporting will be done according tothe national (Dutch) reporting requirements
  12. 12. GRI and Integrated ReportingGRI supports & contributes to the furtherdevelopment of the concept and framework At GRI: 3 FTE’s work on IR.GRI will consider IR for its own reporting overtime when a framework has been developed.
  13. 13. GRI reports including IR Total TBD:2000 still counting1800160014001200 1689 1438 non-IR1000 IR 1340800600400200 261 304 187 0 2009 2010 2011
  14. 14. Towards the 4th generation of GRIG4 - fourth generation of GRI Guidelines is now indevelopmentG4 aims to enable reporters to provide relevantinformation to various stakeholder groupsG4 aims to improve on content in the currentGuidelines – G3 and G3.1 – with strengthenedtechnical definitions and improved clarity.Development is supported by G4 Consortium and bythe Big 4 through secondments.
  15. 15. G4 Working GroupsThe content of the G4 – is developed by Working Groups:1. Disclosure on Management Approach (DMA)2. Governance and remuneration3. Boundary-setting4. Supply chain5. Application LevelsNew sustainability topics raised in the Public CommentPeriod will be dealt with by means of virtual WGs.
  16. 16. G4 as a stepping stone Sustainability Reporting Sustainability Disclosure Mainstreaming G4 Integrated Reporting Other paths to mainstreaming
  17. 17. G4 developments - timeline During May 2013 GRI Global Conference, Amsterdam
  18. 18. Thank youMarjella AlmaManager External RelationsFocal Point USA, 917 690 0909www.globalreporting.org