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Corporate Environmental Strategy


developed by individual governments, industry associations, academics, etc. ... Textile, Apparel & Luxury Goods. 4.9. 124. Construction & Engineering. 5.1. 128 ... – PowerPoint PPT presentation

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Title: Corporate Environmental Strategy

Corporate Environmental Strategy
  • Global Reporting Initiative
  • UN Global Compact
  • Magali Delmas

Transparency an old concept
  • It is wise to disclose what cannot be

  • Friedrich von Schiller (1759-1805)

    German Dramatist

with new relevance
  • Transparency is on the rise, not just for
    legal or purely ethical reasons but increasingly
    because it makes economic sense. Firms that
    exhibit openness and candor have discovered that
    can better compete and profit.
  • Tapscott and Ticoll, October, 14th, 2003
    Wall Street Journal

Transparency imperative
  • investors
  • market analysts
  • customers
  • consumers
  • regulators
  • environmental and social advocates
  • better non-financial information for decisions
  • investments
  • purchasing
  • legal liability
  • employment
  • campaigns

w a n t
  • Investors demanding more non-financial
  • Investors cannot make judgments about the way
    business is managing sustainability and corporate
    responsibility issues unless companies disclose
    relevant information. Hendersons Global
    Investors, 2003
  • Stock exchanges
  • U.K. expanding the definition of materiality
    for financial reporting

Sustainability dilemmas
  • What does sustainable development mean in
  • What should I communicate on?
  • Who am I communicating with?
  • How do I know it is useful information?
  • What system do I use (industry, sector,
    national, international)?

Absence of Common Framework
Report Preparer
Report User
CSR initiative proliferation
  • around 300 separate CSR codes, principles,
    performance standards, management standards, etc.
  • covering one or more of environmental, human
    rights, or labor sectors
  • national, regional, international scope
  • by company, by sector
  • developed by individual governments, industry
    associations, academics, etc.

Rising Expectations, Proliferating Initiatives
CSR initiative proliferation
  • Burdens
  • white noise
  • market confusion
  • reduces use
  • limits learning
  • increases cost
  • Benefits
  • encourages creativity
  • no one size solution
  • multi-level engagement
  • underlines interest

  • GRIs mission
  • a generally accepted global framework for
    sustainability reporting

  • The Global Reporting Initiative (GRI) is a
    multi-stakeholder process and independent
    institution whose mission is to develop and
    disseminate globally applicable Sustainability
    Reporting Guidelines. These Guidelines are for
    voluntary use by organizations for reporting on
    the economic, environmental, and social
    dimensions of their activities, products, and
  • The GRI incorporates the active participation of
    representatives from business, accountancy,
    investment, environmental, human rights, research
    and labor organizations from around the world.
  • Started in 1997 by the Coalition for
    Environmentally Responsible Economies (CERES),
    the GRI became independent in 2002, and is an
    official collaborating center of the United
    Nations Environment Program (UNEP) and works in
    cooperation with UN Secretary-General Kofi
    Annans Global Compact.

  • to make sustainability reporting as routine
    valuable as financial reporting
  • used by all organizations
  • based on a multi-stakeholder process for
    producing generally-accepted guidelines for
    voluntary use

GRI products
GRI sector supplements
if available
GRI 2002 reporting guidelines
GRI technical protocols
all organisations
GRI resource documents
if preferred
5 sections of reporting
  • Vision and Strategy description of the
    reporting organizations strategy with regard to
    sustainability, including a statement from the
  • Profile overview of the reporting
    organizations structure and operations and of
    the scope of the report.
  • Governance Structure and Management Systems
    description of organizational structure,
    policies, and management systems, including
    stakeholder engagement efforts.
  • GRI Content Index a table supplied by the
    reporting organization identifying where the
    information listed in Part C of the Guidelines is
    located within the organizations report.
  • Performance Indicators measures of the impact
    or effect of the reporting organization divided
    into integrated, economic, environmental, and
    social performance indicators.

What does it offer?
  • products
  • Guidelines
  • Sector Supplements
  • Protocols
  • Resource documents
  • process
  • multi-stakeholder framework
  • learning forum
  • continuous improvement

What does it offer?
  • consistency
  • one framework, worldwide
  • links local, national, global
  • links to international goals MDGs, A21, etc.
  • potential for common software, etc.
  • comparability
  • analysts
  • investors
  • employees
  • tax-payers
  • suppliers
  • CSOs
  • credibility
  • developed by stakeholders
  • market leader
  • widely used and supported by business, government
    and stakeholders

GRI 831 reporters by April 2006 TOP 10 countries
in 2006
GRI 831 reporters by April 2006 TOP 10
industries in 2006
A global CSR management toolkit
  • high value features
  • global
  • voluntary
  • triple-bottom line
  • multi-stakeholder
  • flexible

UN Global Compact
  • Voluntary initiative announced by United Nations
    Secretary-General Kofi Annan in 1999, when he
    challenged business leaders to join the Global
    Compact to bring companies together with UN
    agencies, labor groups and civil society to
    support 10 principles in the areas of human
    rights, labor and the environment .
  • The Global Compact Office is supported by six UN
    agencies (Human Rights, Environment, Labor,
    Development, Industrial Development, Drugs

UN-GC 10 Principles
  • Human Rights. Businesses should
  • 1 Support and respect the protection of
    internationally proclaimed human rights
  • 2 Make sure that they are not complicit in human
    rights abuses.
  • Labor Standards. Businesses should uphold
  • 3 the freedom of association and the effective
    recognition of the right to collective bargaining
  • 4 the elimination of all forms of forced and
    compulsory labor
  • 5 the effective abolition of child labor
  • 6 the elimination of discrimination in
    employment and occupation.
  • Environment. Businesses should
  • 7 support a precautionary approach to
    environmental challenges
  • 8 undertake initiatives to promote environmental
    responsibility and
  • 9 encourage the development and diffusion of
    environmentally friendly technologies.
  • Anti-Corruption
  • 10 Businesses should work against corruption in
    all its forms, including extortion and bribery

  • In 2003, GC office introduced the
    Communications of Progress (COPs) to increase
    the transparency of the GC corporate activity
  • Statement of continued support for the GC
  • Description of practical actions taken to
    implement the GC principles
  • Measurement of outcomes of these actions using
    specific indicators and metrics
  • Non-Communicating companies are highlighted

UN-GC TOP 10 countries
2,300 corporations in 89 countries have signed up
UN-GC TOP 10 industries
  • transparency is a key element of sustainability
  • existing initiatives can be strengthened through
  • promote learning, partnerships