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N a n o M u s c l e , I nc Con f iden t i a l
Global Reporting Initiative
Teresa Fogelberg:Associate [email protected]
14.10.04
Setting the Standard for Sustainability Reporting
GRI en de Zevenmijlslaarzen
Er was eens.......Er was eens.......
2
GRI sector supplements
GRI sector supplements
GRI technical protocols
GRI technical protocols
GRI resource documents
GRI resource documents
in support
if available
all organisations
00
200200
400400
600600
800800
10001000
19981998 19991999 20002000 20012001 20022002 20032003 20042004 20052005
ZwaanZwaan kleefkleef aanaan…..…..ZwaanZwaan kleefkleef aanaan…..…..
600+
Nederlandse GRI reporters Nederlandse GRI reporters
§ ABN AMRO§ AVEBE§ Corus Staal § Crown Van Gelder§ DSM § Heineken International § HEMA § ING Groep § KLM Royal Dutch Airlines § KPN § Niza - Nederlands Instituut
voor § Zuidelijk Afrika§ Nuon Energy § Nutreco Holding
§ Oce§ Provimi§ Rabobank Groep§ Royal Philips Electronics §
Schiphol Group § Shell International § Stora Enso Berhuizer Mill§ Triodos Bank§ VBDO§ Zuiveringsschap Eilanden
en Waarden
Loten van GRI GuidelinesLoten van GRI Guidelines
NGOs / Foundations
IT
Food and RetailLogistics and TransportationTour Operators
Oil and GasPublic AgenciesFinancial Services (Social)
Electricity UtilitiesMining and MetalsTelecommunications
ApparelFinancial Services (Environement)
Automotive
PipelineUnderwayPilot and Board Review
..En nieuwe gebruikers…..En nieuwe gebruikers…
Publieke Instanties
Ontwikkelingslanden
Financiele wereld...(NGO’s en Stichtingen)
Global CompactToeleveranciers
OESO MNEMKB
HarmonisatieNieuwe gebruikers
SRI declaratie 7 oktober 2004SRI declaratie 7 oktober 2004
“ ”SIGNATORIES – $30 billion:Boston Common Asset Management, LLC - Calvert Group - Christian Brothers Investment Services - Citizens Advisers Inc. - DominiSocial Investments - Dreyfus Premier Third Century Fund, Inc. / Dreyfus Socially Responsible Growth Fund, Inc. - Ethical Funds -Green Century Funds - ISIS Asset Management - Mennonite Mutual Aid - Neuberger Berman Socially Responsive Investing - Real Assets - Trillium Asset Management Corporation - Pax World Funds - The Pension Boards - UCC United Church Foundation - Progressive Asset Management, Inc. - Walden Asset Management, a division of Boston Trust & Investment Management
SUPPORTING ORGANIZATIONS: Coalition for Environmentally Responsible
Economies (CERES) - Innovest Strategic Value Advisors, Inc.
- Interfaith Center on Corporate Responsibility (ICCR)
- Investor Research Responsibility Center, Inc. (IRRC) - KLD Research & Analytics, Inc. - Jantzi
Research Inc.
…a company’s GRI report should be the first place investors and
research institutions consult for information…
Influence on investment and purchase decisionsInfluence on investment and purchase decisions
17%
22%
33%
35%
35%
36%
46%
10%AA1000
Ethical TradingInitiative, and SA8000
OECD Guidelines forMNE’s
Global Compact
WBCSD
ILO Conventions
GRI
ISO 14000
Wat het oplevertWat het oplevert
0.860.860.950.95
00
0.20.2
0.40.4
0.60.6
0.80.8
11
GRI Reporters S&P 1200 'non-reporters'
Share Price Volatility Operating Profit Margin
3.413.41
1.251.25
00
11
22
33
44
GRI Indexers S&P 1200 'non-reporters
Source: Lintstock and Imagination, “Added Values”, 2004
Droom……Droom……
sustainability reporting will become as routine as financial reporting
Tussen droom en daad..Tussen droom en daad..
Wanted better reports:§ Performance results
§ Transparency
§ Materiality
§ Comparability
§ Auditability
Wanted better reporting:§ Baseline data for markets
§ Reduce questionnaire fatigue
§ Streamlined process
§ Lower costa level of standardizationstandardizationis needed for every solution
De G3 UitdagingDe G3 Uitdaging
GRI is the only one poised to develop a standard. They alone
have the process and credibility in place to become the
international standard for sustainability reporting but they have
to nail the next version of the guidelines.
“
[ ]
”User Intelligence Interviewee
GRI ReporterAugust, 2004
G3 Sustainability reporting standardG3 Sustainability reporting standard
G3 Innovations: Outcome:Indicator development (e.g.: social, human rights, labor)ComparabilityAuditability/AssuranceMore Performance-based guidelinesBoundaries guidanceTiered levels
Engagement guidance
Principles guidance
Materiality test
Fit with principal global CSR standards
Utility for financial community
Fit with assurance standards
Clarity and purpose
Reporting process
Relationships and harmonization
Wat levert G3?Wat levert G3?
§ technological innovations:§ XML / XBRL tagging§ Disseminated in digital format§ A public standard for direct use§ Proprietary services can build on further value
added § report registration§ educational programs§ accreditation (tbc)
For Stakeholders, by StakeholdersFor Stakeholders, by Stakeholders
§ Trust = value
§ Involving: business, investors, labor, civil society, accounting
§ Public good
Organizational Stakeholders (Nederland)Organizational Stakeholders (Nederland)
§ ABN AMRO Bank§ DHV Sustainability
Advisory Group § Eco Systems § Good Company § Heineken International § Humanist Committee on
Human Rights (HOM) § ING Groep § KPMG§ Nuon§ Oake Communications
lPhilips International
lRabobank Groep
lShell International
lStandaert Financieel Advies
lTPG
lTranspaRAbility
lTriodos Bank
lTriple Value Strategy Consulting
lVBDO
lDeloitte Touche (International)
lPricewaterhouseCoopers
SamenvattingSamenvatting
Naar een standaard:§ Voor verslagleggers§ Voor investeerders en andere
stakeholders§ Voor stakeholders, van stakeholders§ For all to use, for all to benefit
?
En ze leefden nog lang en gelukkig?En ze leefden nog lang en gelukkig?
G3 needs:§ Participants for working
groups§ Investors in the project§ A strong membership base
Join, Take Part, Invest
Web: www.globalreporting.orgEmail: [email protected]
GRI headquarters
Keizersgracht 209
1016 DT Amsterdam
+31-20-531-0000