GRI, IRIS, & the Investor Perspective

© Global Impact Investing Network, 2009 © Global Impact Investing Network, 2015 © Global Impact Investing Network, 2014

GRI, IRIS, & the Investor Perspective

IRIS Standards Series

November 20, 2015

© Global Impact Investing Network, 2015


The value of using aligned measurement standards

How GRI & IRIS work together

How Triodos Bank assesses, reports, and communicates social & environmental performance in a GRI report

Q&A

Agenda


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Please mute all lines Q&A will be held until the end of the webinar The deck and a recording will be posted after the webinar at

www.thegiin.org For questions about today’s content, visit the IRIS website at

www.iris.thegiin.org or contact [email protected]

Housekeeping items


Speakers

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Bastian Buck

Director, Sustainability Reporting Standard

Global Reporting Initiative (GRI)

Ellen Carey

Manager, IRIS & Impact Measurement

Global Impact Investing Network (GIIN)

James Niven

Head of Corporate Affairs

Triodos Bank

Kelly McCarthy | Moderator

Senior Manager, IRIS & Impact Measurement

Global Impact Investing Network (GIIN)


Standardized metrics enable capital to

flows toward investments that

perform well financially, socially and

environmentally

IRIS Mission


Permanent Employees = Permanent Employees

My Metrics Your Metrics

IRIS Enables Comparisons


IRIS is used to measure the performance of more than $10 billion in impact AUM

A Sample of IRIS Users


IRIS Connects the ‘Alphabet Soup’


Linking GRI & IRIS

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Value for Business Increase the quality of reporting Decrease the burden of reporting similar

information in multiple different frameworks

Value for Investors Reliable and credible standardized public

reporting enables informed decision-making

Consistent metrics make it possible to

aggregate performance across a number of investments

© Global Impact Investing Network, 2009 © Global Impact Investing Network, 2015

History

Continuous improvement


G4 Guidelines

Source: 2013 - KPMG “International Survey on Corporate Sustainability Reporting” / GRI: www.globalreporting.org/information/policy/initiatives-worldwide

78% of top 100 companies in 41 countries

82% of top 250 companies listed in the Fortune Global 500

To date, 55 policy initiatives in 25 different countries refer or recommend GRI


G4 Guidelines

Reporting Principles


G4 Guidelines

Standard Disclosures


G4 Guidelines

G4-EN15 Direct greenhouse gas (GHG) emissions (Scope 1)

G4-HR1 Total number and percentage of significant investment agreements and contracts that include human rights clauses or that underwent human rights screening

G4-SO3 Total number and percentage of operations assessed for

risks related to corruption and the significant risks identified

Example Standard Disclosures


G4 Guidelines & IRIS

Example Linkage


G4 Guidelines & IRIS

Example Linkage


From Triodos Report 1,400 hectares nature/

conservation land (annual)

From GRI G4 EN13 Habitats protected or

restored From IRIS Protected Land Area:

Total (PI4716) Number of hectares with a status of protected land during the reporting period.

Example Linkage

G4 Guidelines & Triodos Annual Report


The Investor Perspective:

Triodos Bank



Triodos Bank at a glance

http://www.annual-report-triodos.com/en/2014/

© Global Impact Investing Network, 2009 © Global Impact Investing Network, 2015 21

Impact

Our vision - a contrary view


“Our Gross National Product...counts air pollution and cigarette advertising and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder…Yet GNP does not allow for the health of our children, the quality of their education, or the joy of their play.”

Robert F. Kennedy (1968)

Impact

Our vision - a contrary view


Assessing and Communicating impact

What we aim to achieve

Triodos Bank

• Show our stakeholders that we do what we say we’ll do - and do it credibly

• Safeguard our values and improve how we deliver our mission

• And, as an outcome, be a reference point for values-based banking.

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Our Vision and Approach

• We want to speak to the ‘head and heart’

• Focus on qualitative evidence of our impact before numbers

• Authentic stories are crucial to understanding true impact

• Provide verifiable evidence of our impact

• Full transparency about the impact of the money entrusted to us

• Clarity about methodologies and dilemmas.

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So what do we do

• We build from the best reporting standards, such as GRI and the GABV scorecard

• Integrate financial and non-financial impact in our reporting

• We’re transparent about our finance, sharing all our loans online

• Publish an online impact report/chapter exploring impact in depth, impact data points, authentic stories and the voice of the entrepreneur

• Assure our key impact data

• Use an impact manual to develop and clarify our approach and criteria

• Think and act globally: publish the Global Alliance for Banking on Values (GABV) sustainable banking impact scorecard.

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OUR IMPACT: …how to differentiate


Integrating financial and non-financial impact : Our online annual report

What this means in practice






• finding meaningful qualitative measures

• the nitty gritty of claims

• differentiation

• less is more

• embedding impact in the business in more meaningful ways

• ease and efficiency of impact data gathering

• building a broader framework (impact, risk and return).

Our Challenges


Questions?

Have thoughts or feedback? Email us: [email protected]

Find the full Linking GRI & IRIS Guidance at iris.thegiin.org

Find the full Triodos Bank Report at www.triodos.com

Find the other webinars and further information on impact investing at

www.thegiin.org

Documents

GRI, IRIS, & the Investor Perspective