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Sean Gilbert Technical Director

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Information about contributions to sustainable ... Konica. MTR Hong Kong. Natura. NEC. Nike. Nissan. Nokia. Nutreco. Philips Electronics. Procter & Gamble ... – PowerPoint PPT presentation

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Title: Sean Gilbert Technical Director


1
THE GRI AN INSTITUTION
AND EMERGING STANDARDTaiwan, August 17,
2003
  • Sean Gilbert Technical Director
  • www.globalreporting.org

2
SUSTAINABILITY REPORTING
  • Many names, similar concepts
  • Corporate Sustainability
  • Corporate Social Responsibility (CSR)
  • Corporate Citizenship
  • Common point
  • Information about contributions to sustainable
    development
  • Economic, environmental and social

www.globalreporting.org
3
GRI MISSION
  • Elevate economic, environmental and social
    reporting to routine practice and to the highest
    standards of rigour and comparability.
  • Facilitate a multi-stakeholder process to design
    and continually improve sustainability reporting
    guidelines.

4
GRI A BRIEF HISTORY
  • Convened in 1997 by CERES in partnership with
    UNEP
  • Funded by foundations through 2002, now
    diversifying
  • Registered non-profit organization based in the
    Netherlands
  • Governed by multi-stakeholder Board, Stakeholder
    Council and Technical Advisory Council (to be
    formed)
  • 2,500 Stakeholders from 50 countries and all
    regions of the world
  • Employees from 10 countries, speaking 16
    different languages

5
GRIS GLOBAL ENGAGEMENT
  • Events/Activities in
  • Hong Kong, Malaysia, Japan, India, Brazil, South
    Africa, Australia, Sweden, Germany, France,
    United States
  • Reporters from
  • 26 Countries
  • Working Group Members from
  • Over two dozen countries
  • Governance Bodies
  • Board Members
  • Stakeholder Council

6
GRI A PROCESS AND A PRODUCT
Process
Products
GRI Framework
7
CSR system of complementary initiatives
codes of behaviour e.g. Global Compact, OECD
Guidelines
assurance standards e.g. AA 1000
reporting standards e.g. Global Reporting
Initiative
performance standards e.g. SA 8000
monitoring and management systems e.g. ISO
standards
8
GRI FAMILY OF DOCUMENTS
  • Framework Documents
  • GRI Guidelines
  • Technical Protocols (e.g. Child labour, energy,
    water)
  • Sector Supplements (e.g. financial services,
    tour operators, telecom, automotive)
  • Support Documents
  • Resource Documents (e.g. HIV/AIDS)

9
GRI REPORTERS (305)
10
EXAMPLES OF GRI REPORTERS
ABB ABN AMRO ATT Baxter Biffa Waste Services
Ltd. Body Shop Bristol-Myers Squibb British
Airways British Telecom Dow Electrolux Eskom Ford
Motor Company Fuji Xerox General Motors ING
Bank
SASOL Scandiflex Shell Severn Trent Siam Cement
Group South African Breweries Suncor
Energy Sunoco Swedish Meats Thames Water
Triodos Bank TXU Europe Umgeni Water Vauxhall
Motors Ltd VAW Aluminium Waste Recycling Group
Johnson Johnson Kirin Brewing KLM Konica MTR
Hong Kong Natura NEC Nike Nissan Nokia Nutreco
Philips Electronics Procter Gamble Rabo Bank
Ricoh Royal Sun Alliance SAS
11
REPORTING ON THE RISETHE PURE NUMBERS
  • A recent survey by KPMG found that 45 of the
    worlds largest 250 companies now produce reports
    on environmental and social issues.
  • This figure is up from 35 in 1999.
  • Financial Times, 23 August, 2002
  • 600 Environmental Reporters in Japan
  • Japan Ministry of Environment

12
DRIVERS OF INCREASED REPORTING
  • The Public employees, unions, NGOs
  • Governments World Summit call for increased
    corporate transparency and responsibility (and
    encourages use of the GRI Reporting Guidelines)
  • The Market and Stock Exchanges large and small
    investors, risk analysts, all want more data
  • Business Partners customers, joint ventures,
    etc.
  • The Business Case sustainability practices can
    help boost business performance

13
GOVERNMENT INTEREST
  • Governments agree to encourage industry to
    improve social and environmental performance
    through voluntary initiatives taking into
    account such initiatives as the Global Reporting
    Initiative Guidelines on sustainability
    reporting.UN WSSD Plan of Implementation,
    para. 17
  • The guidelines developed by the GRI are a good
    example of a set of guidelines for reporting that
    could be the basis for such a consensus.
  • European Commission Communication on CSR

14
MULTILATERALS ALSO TAKE NOTE
  • United Nations
  • Strategic alliance with the Global Compact
  • Official UNEP Collaborating Centre
  • OECD GRI complements the MNE Guidelines
  • World Bank Charter Group member
  • International Finance Corporation investment
    planning
  • World Economic Forum
  • G8 GRI referenced in official statements

15
INVESTORS AND GRI
  • Changing sense of risk
  • Intangible assets are worth more than tangible
    assets
  • Environmental and social factors matter!
  • Brand, reputation, license to operate, human
    capital
  • Investors want more non-financial information
  • Demand for standard reporting framework
  • Overall, we view the GRI as setting the global
    benchmark for disclosure and encourage companies
    to produce reports which are in accordance with
    the GRI guidelines." Hendersons Global
    Investors

16
CORPORATE GOVERNANCE DEMANDS
  • companies no longer act independently from the
    societies and the environment in which they
    operate.
  • social, ethical and environmental issuescan no
    longer be regarded as secondary to more
    conventional business imperatives
  • South Africa King 2 Report on Corporate
    Governance, 2002

17
THE MARKET REACTS
  • Stock exchanges
  • Redefining disclosure requirements
  • Johannesburg Stock Exchange
  • Governance codes
  • Australian Standard 8000
  • Rating agencies and indices
  • Cross-referencing GRI (i.e., SAM, IRRC)

18
WELCOME RECOGNITION
  • The result of this global effort GRI isthe
    most comprehensive and credible set of
    sustainability performance disclosure standards
    ever produced
  • Charles O. Holliday Jr, CEO/DuPont Jr,
  • Stephan Schmidheiny/Chairman, ANOVA
  • Phillip Watts/CEO, Royal Dutch/Shell
  • Walking the Talk, 2002

19
AUDIENCES FOR REPORTS
  • Employees
  • Providers of capital (banks, investors)
  • Business partners
  • Civil society
  • Labour
  • Media
  • Academia

20
BENEFITS OF REPORTING INTERNAL
  • Enhances employees understanding of corporate
    sustainability vision and strategy
  • Strengthens other environmental and social
    management tools
  • Connects sustainability strategies with business
    strategies
  • Helps to assess the sustainability footprint
    and associated business risks and opportunities
  • Informs long-term, strategic decisions
  • Provides early warnings of trouble

21
BENEFITS OF REPORTING EXTERNAL
  • Competitive advantage in the marketplace
  • Information channel to create new business
    opportunities
  • Strengthen partnerships and build trust
  • Maintain licence to operate
  • Attract investors
  • Retain the best employees

22
PERCEPTION OF GRI-BASED REPORTS
  • There is a substantial difference between
    reports based on the GRI Guidelines and others.
  • 60 of the reports ranked in the top 50 in Trust
    Us used the GRI.
  • 46 of the Other 50 are listed as GRI reporters.
    Many of these companies are also first time
    reporters
  • Trust Us, SustainAbility, 2002.

23
SO WHY GRI?
  • Global
  • Multi-stakeholder
  • Triple bottom line
  • Open governance structure
  • Complements other initiatives
  • Design to learn and evolve
  • Proven results
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