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28 February IFAC CEO Summit

Transcript of GRI presentation @ IFAC

  • 1. The Reporting Journeyof the Global Reporting Initiativeand the GRI Secretariat28 February 2012Session: IR - Setting the exampleMarjella AlmaManager, Focal Point USAGlobal Reporting Venue, Date+1 917 690 0909IFAC, Chief Executives Strategic Forum, 28 February 2012

2. OutlineAbout GRI and its connection to IFAC andIntegrated ReportingGRIs own reporting over timeGRIs sustainability reporting journey: towardsG4 3. Shared goal: sustainable economySustainableEconomyIFACs 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. GRIs 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. GRIs Sustainability Reporting framework development1997 Boston Inception of GRI Head office: Amsterdam2000 Boston G1 Guidelines5 regional Focal Points: Sao Paolo, Sydney, Beijing,2002 Amsterdam G2Delhi, New York.2006 Amsterdam G310 Sector Guidance Guidelines available2011 Amsterdam G3.1 UpdateStrategic collaborations with2013 Amsterdam Launch of G4 ISO, OECD, UNEP and UNGC 6. GRI reports 1999-2011*2500 November 2011: The GRI Guidelines are used by 80 percent of the G250 ** *TBD20001913 GRI is still 15151500 counting11211000 715524500 378 280 148166 126 1144 0 19992000 20012002 200320042005 2006 2007 2008 2009 2010 2011 *Sustainability Disclosure Database data from 1 February 2012 ** Source: 2011 KPMG CSR Survey 7. 300GRI reports by sector 2010250200150100 500 8. Paper, Planes and People FY 2009/2010 GRIs own GRI sustainability report Published by GRI the Secretariat Published on an annual basis fiscal year Based on GRI G3 Guidelines, A. GRIs 5th GRI report 9. March 2012: Launch of GRIsFY 2010/2011 reportGRIs biggest sustainability impacts are indirect, i.e. improvingthe sustainability and transparency of thousands of organizationsworldwide. Report will focus on GRIs performance onworkstream goals.New: use of the G3.1 Guidelines use of NGO Sector Supplement new stakeholder engagement process an external feedback committee 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. FY 2011/2012: whats next?Combine GRIs Year in Review and GRIssustainability report, this will increase focus onprogram effectiveness.Further quantify GRIs program effectivenessMandatory financial reporting will be done according tothe national (Dutch) reporting requirements 12. GRI and Integrated ReportingGRI supports & contributes to the furtherdevelopment of the concept and frameworkAt GRI: 3 FTEs work on IR.GRI will consider IR for its own reporting overtime when a framework has been developed. 13. GRI reports including IR Total TBD:2000 still counting18001600140012001689 1438 non-IR1000IR 1340800600400200 261304187020092010 2011 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. 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. G4 as a stepping stone Sustainability ReportingSustainability DisclosureMainstreamingG4 Integrated Reporting Other paths to mainstreaming 17. G4 developments - timeline During May 2013 GRI Global Conference, Amsterdam 18. Thank youMarjella AlmaManager External RelationsFocal Point USA, 917 690 0909www.globalreporting.org