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GRI and the Sustainable Development GoalsWebinar 5 of the six-part GRI Standards In Practice Series
An exclusive program for the GRI GOLD Community
16 October 2018
Presenters
Rumyana TanevaCoordinatorCorporate & Stakeholder EngagementGRI
Frank BergkampCapital Markets ResearcherGRI
Carina Lundberg MarkowExecutive OfficerFolksam
Kris DoumaDirector of Strategic Projects PRI
How to use WebEx
GRI Standards In Practice Webinars
Topic Date Time
Introduction to the GRI Standards 19 April 8.30 AM CET & 4.30 PM CET
Review of Management Approach and Topic-Specific Standards
3 May 9.00 AM CET & 4.30 PM CET
An Update on the Revised Standard GRI 303: Water and Effluents
11 September 9.00 AM CET & 4.30 PM CET
An Update on the Revised Standard GRI 403: Occupational Health & Safety
11 October 9.00 AM CET & 4.30 PM CET
GRI and the Sustainable Development Goals 16 October 9.00 AM CET & 4.00 PM CET
Materiality: A Deep Dive November (date TBD)
9.00 AM CET & 4.30 PM CET
Registration links for future sessions and recordings of past sessions are available on the GOLD private pages.
Agenda
• Introduction – 5 min
• Business reporting on the SDGs – 12 min
• PRI and the Sustainable Development Goals: Kris Douma, PRI – 12 min
• Investors’ view on the SDGs: Carina Lundberg Markow, Folksam – 12 min
• Q&A – 15 min
• Conclusion
Business Reporting on the SDGs
SDG Compass
Developed in 2016 with UN Global Compact and
WBCSD
It provides an introduction to the SDGs and how to
align the SDG to your business strategy and reporting. This tool is
aimed at new reporters or non experienced reporters.
The Analysis of Goals and Targets
Developed in 2017 with UN Global Compact and
PwCIt provides a list of
potential business actions and existing disclosures
from established sources that business can use to measure and report on their contribution to the SDGs at the level of the
targets.
Integrating the SDGs into corporate reporting: the
practical guide
Developed in 2018 with UN Global Compact and
PwC
It outlines a three-step process to embed the
SDGs in existing business and reporting processes in
alignment with GRI Standards and recognized
principles
In Focus: Addressing investors needs into business reporting
on the SDGs
Developed in 2018 with UN Global Compact and PRI
It aims to provide guidance to business reporting
practitioners to better align their SDG-related
disclosures with investors’ information needs.
Business Reporting on the SDGsThe Analysis of Goals and Targets
• Lists examples of illustrative business actions• Lists established disclosures business can use to report• Points to disclosure gaps• Contributes towards developing an harmonized set of SDG
disclosures• Developed with the support of PwC. Integrates input from around
40 organizations, including 7 UN institutions
Business Reporting on the SDGsThe Practical Guide - Reporting on the SDGs
In Focus: Addressing Investor Needs in Business Reporting on the SDGs
• Provides guidance to better align corporate SDG-related disclosures with investors’ information needs
• Includes reporting recommendations intending to stimulate more investment in business solutions to help advance the SDGs
• Developed together with PRI and UN Global Compact
The Stockholm Declaration and PRI SignatoriesThe increasing interest in sustainable development and investment
Structure of the Publication
• Section I. Why is it Important for Companies to Provide Relevant SDG Data to Investors?
• Section II. What: Elements of Investor-Relevant Business Reporting on the SDGs
• Section III. Knowing Your Target Audience: Understanding the SDG-Disclosure Demands of Investors
Business reporting on the SDGs enabling sustainable development
• Investors as Universal Owners
• Fiduciary Duty and ESG
Elements of Investor-Relevant Business Reporting on the SDGs
Key recommendations to Develop Investor-Relevant Reporting
Message& Approach
1. Consistency of message2. Integrated approach across financial and SDG reporting
Strategy & Governance
1. Identify how SDG trends are linked to the key factors driving corporate strategy.2. Management approach, policies and their implementation3. Indicate how SDG target-related performance is appraised and rewarded.
Report Content
1. Analysis of risks and opportunities towards the SDGs2. Quality and balance3. Facilitate forecasts by demonstrating the cause-and-effect relationships that exist between
SDG contributions and business performance
Data Format
1. Provide data that is standardized and comparable across time and companies, utilizing internationally recognized disclosure standards
2. Link to data in raw form and allow analysts to choose how to normalize it
Understanding your Audience
• Understand and Prioritize
• Set Objectives
• Report
• Use the SDG information
Company perspective Investor perspectiveScreening/Integration Engagement
• Who Is Reading Your Report?
• How Investors Use Your Information
• Screening, Integration, Engagement
http://bit.ly/InFocus-SDGReporting
Find it here
Addressing Investor Needs in Business Reporting on the SDGs
Guest speaker – PRIKris Douma, Director of Strategic Projects
Guest speaker – FolksamCarina Lundberg Markow, Executive Officer
Folksam
As an investor Folksam has made the commitment to be responsible and we want the companies we invest in to respect human rights, the climate and environment and work against corruption.
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Know and show
• Ruggie; «the corporate responsibility to respect human rights cannot be met by words alone: it requires specific measures by means of which companies can ‘know and show’ that they respect rights.
The «showing»
• Transparency of reporting.
• Due diligence for sustainability risks and opportunities
• Data centralization
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Initiative's
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• A new SDG taxonomy to help integrate the SDGs with investment strategy
• A limited number of asset owners have gone further in their direct engagement with the SDGs as a framework
• An appetite for “high sustainability investments”
• An invite to investors to move beyond viewing downside risk to a different approach, where investors seek to produce direct outcomes by deploying their capital.
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Need for data
We need guidelines for corporate social responsibility reporting, in addition to the existing reporting models, to ensure access to information related to Global Compact principles and to the UN Sustainability Goals.
• A systematic approach
• A need for guidance to ensure that companies (and their owners) is responsible
• A clear, broadly accepted standard and a transparent reporting is the tool the business sector need.
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Availability
• Sustainability information, ESG and SDG need to be reported officially to be accessible for all parts in the market.
• Responsible investors are dependent on service providers to measure the total risk and sustainability quality of our investments. This is still a critical bottle neck problem connected to collection of data.
• If the companies, our investments, are reporting risk and performance in a standardized way will the outcome on what we are building our investments strategies on be of higher quality and fairer for the companies.
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Investment opportunities
• New industries in the transition to a more diversified, low carbon energy future, and the possible returns from those technologies and services coming to market will put the world on a pathway to achieve the UN Sustainable Development Goals.
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Questions & Answers
Announcements
In this webinar, we will discuss:
– The sustainable finance agenda of the EU
– The results of the High-Level Expert Group on Sustainable Finance and how their recommendations are trickling down to ignite policy action
– The Impact Management Project on the five dimensions of impact, and the plans of the Project going forward
31 October 2018Register here
Join the GRI Global Sustainability Standards Board: help shape the future of sustainability reporting
The Independent Appointments Committee has an extraordinary open call for nominations to fill an unexpected vacancy in the Business Enterprise constituency on the GRI Global Sustainability Standards Board (GSSB).
For more information, visit our website.
Apply before 31 October!
3rd Annual GRI Reporters’ Summit: Practical Solutions to Improve your Sustainability Reporting
More information about the events is available on our website.
25 February 20198am-6pm
ASU’s Memorial Union BuildingTempe, Arizona
Barbara Strozzilaan 3361083 HN Amsterdam
The Netherlands
Amsterdam – Beijing – Bogota – Johannesburg – New Delhi – New York – São Paulo
THANK YOU
