GRI Presentation to GVis2012

Sustainability Reporting - Construction and Real Estate

Tamara BergkampReporting Framework Coordinator

Amsterdam, July 2012

Content

• The sustainability challenge• What is the Global Reporting Initiative?• What is sustainability reporting?• The GRI Construction and Real Estate

Sector Guidance• New developments


The sustainability challenge

How can business be profitable and contribute to solutions at the same time?

Managing change“What you can’t measure, you cannot manage. What you can’t manage, you cannot change.”

Peter DruckerWriter, professor and management consultant

GRI: a network organizationBusiness

Civil Society

Government

Finance

Labor

Academia


GRI’s Mission

To make sustainability reporting standard practice by providing guidance and support to organizations.


The business case for reporting


Opportunities

Risks

Internal External

Improve management

process

Attract investors

Attract & retain talent

Stakeholder engagement

Competitive advantage

Enhanced reputation &

loyalty

Reduce waste, CO2, water usage Government and

stock exchange requirements

Sustainability Reporting Framework• Guidelines • Protocols• Sector Supplements

www. globalreporting.org


Construction and Real Estate Supplement

G3.1

Standard Disclosures

Content

Quality

Boundary

Profile

Strategy and Analysis(Risk, Opportunity Focus re whole organisation)

Organizational Profile

Report parameters

Governance, commitments, and engagement

Disclosure on Management Approach (DMA) and Performance Indicators

Economic Category

Environmental Category

Social Category

LaborHuman RightsSocietyProduct Responsibility

Principles


Some views on the industry …


INTERNAL• Complex and divers • Many Stakeholders • Significant impacts • Large supply chain • Broad range of issues • Lack of reporting consistency

EXTERNAL• Big consumer of

resources• ‘Touch People’s lives’• Lasting legacies:

positives, negatives or both

• Visible activities, but often obscured impacts

GRI Construction and Real Estate Sector Supplement


A tailored version for the Construction and Real Estate industry.

For companies that:Invest in buildings and/or

infrastructureDevelop and /or construct,

buildings and/or infrastructureManage buildings

Construction & Real Estate Guidance Some examples

GRI categories Topics / ExamplesEconomic • Policies end practice to encourage positive, and minimize

negative, economic legacy impacts • Local hiring procedures

Environmental • Building energy, water, and greenhouse gas emissions intensity• Greenhouse Gas Emissions• Remediation of land

Labor • Health and safety risks• Policies and practices on outsourcing work (contractors and

subcontractors) and workers without a formal contract (daily, casual and/or foreign workers

Human Rights • Screening of contractors and subcontractors on violations of human rights

Society • Displacement and resettlement of personsProduct Responsibility

• Sustainability certification and labelling schemes

Supplement development


October 2009 September 2011

Six Working Group meetings

Two public comment periods, 90 days

Consultations + outreach +Phone call discussions + email exchange

GRI technical guidance, support and approval process

CONSENSUS BASED APPROACH

Construction & Real Estate GRISector Supplement Working Group


Consultants:

Looking towards the future

May 2013


Todays… and future reporting context

• Demand for sustainability performance information is increasing

• Metrics not coherent or harmonized• Most reports lack material focus and sometimes

precision• Integrated Reporting is a trend

G4 next generation of reporting guidanceAmsterdam,

July 2012

GRI G4 Guidance - Objectives

• To be user-friendly for beginners and experienced reporters

• To improve technical quality, with clearer definitions• To align with other reporting frameworks • To offer guidance which leads to material reports

(“materiality”)• To offer guidance on how to link sustainability

reporting and integrated reporting - aligned with IIRC• To provide support to improve data searching (XBRL)


G4 timeline

MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

2011 2012 2013

2011 2012 2013

Text Revision / Editing Task Force

Preparatory StagePublic Comment

Period 1Public Comment

Period 2

Working GroupsMeet

Final Edit LAUNCHGovernance Bodies give Final Vote

WorkingGroupsFormed

Working GroupsMeet

Launch May 2013We are here


Help to shape the future guidance Provide feedback!

Lucy Goodchild

Stretched image, can this be replaced with the original?

Any questions?


THANK YOU!

https://www.globalreporting.org

[email protected]

https://www.globalreporting.org/

https://www.globalreporting.org/

GRI Presentation to GVis2012

Business

Transcript of GRI Presentation to GVis2012