Lecture 7: Global Reporting Initiative
(GRI)_1/2
oday's strategic question
How to define the content for a sustainability report?
CSR Goals
• Protect the environment
• Assure the wellbeing of:
- employees,
- community and...
- civil society in general.
• Now and in the future...
Sustainability
-Conserve an ecological balance by avoiding depletion of natural resources
-Be capable of being maintained at a steady level without exhausting natural resources or
causing severe ecological damage
Sustainable Development Goals
On September 25th 2015, UN countries adopted a set of goals to end poverty, protect the
planet, and ensure prosperity for all as part of a new sustainable development agenda. Each
goal has specific targets to be achieved over the next 15 years (by 2030).
For the goals to be reached, everyone needs to do their part: governments, the private
sector, civil society and people like you.
The Sustainable Development Goals are the blueprint to achieve a better and more
sustainable future for all.
They address the global challenges we face, including those related to poverty, inequality,
climate, environmental degradation, prosperity, and peace and justice.
The Goals interconnect and in order to leave no one behind, it ís important that we achieve
each Goal and target by 2030
Sustainability Reporting
is the practice of measuring, disclosing, and being accountable to internal and external
stakeholders for organizational performance towards the goal of sustainable development
, "A sustainability report should provide a balanced and reasonable representation of the
sustainability performance of a reporting organization - including both positive and negative
contributions".
Goals: Benchmarking, demonstrating, comparing...
More info on sus reporting
A sustainability report is a report published by a company or organization about the
economic, environmental and social impacts caused by its everyday activities. A
sustainability report also presents the organization's values and governance model and
demonstrates the link between its strategy and its commitment to a sustainable global
economy.
Sustainability reporting can help organizations to measure, understand and communicate
their economic, environmental, social and governance performance, and then set goals, and
manage change more effectively. A sustainability report is the key platform for
communicating sustainability performance and impacts – whether positive or negative.
Sustainability reporting can be considered as synonymous with other terms for non-financial
reporting; triple bottom line reporting, corporate social responsibility (CSR) reporting, and
more. It is also an intrinsic element of integrated reporting; a more recent development that
combines the analysis of financial and non-financial performance.
Most recently, Integrated Reporting:
Involves widening of traditional accounting reporting structures
Interconnectedness approach: interaction and impact between ESG (environmental, social
and governance) and financial measures ➔Forward looking approach
Social disclosing may be mandatory (a legal requirement to deliver this information) or
voluntary, where the extent and nature or reporting vary substantially between firms. Over
time, mandatory reporting requirements have been introduced in a wider variety of countries
as disclosure regulations have developed, and this resulted in a predictable increase in
disclosure levels in the affected countries (e.g.: EU)
About GRI
The Global Reporting Initiative is an international independent organization that helps
businesses, governments and other organizations understand and communicate the impact
of business on critical sustainability issues such as climate change, human rights, corruption
and many others
GRI Mission and Vision
Vision
(GRI)_1/2
oday's strategic question
How to define the content for a sustainability report?
CSR Goals
• Protect the environment
• Assure the wellbeing of:
- employees,
- community and...
- civil society in general.
• Now and in the future...
Sustainability
-Conserve an ecological balance by avoiding depletion of natural resources
-Be capable of being maintained at a steady level without exhausting natural resources or
causing severe ecological damage
Sustainable Development Goals
On September 25th 2015, UN countries adopted a set of goals to end poverty, protect the
planet, and ensure prosperity for all as part of a new sustainable development agenda. Each
goal has specific targets to be achieved over the next 15 years (by 2030).
For the goals to be reached, everyone needs to do their part: governments, the private
sector, civil society and people like you.
The Sustainable Development Goals are the blueprint to achieve a better and more
sustainable future for all.
They address the global challenges we face, including those related to poverty, inequality,
climate, environmental degradation, prosperity, and peace and justice.
The Goals interconnect and in order to leave no one behind, it ís important that we achieve
each Goal and target by 2030
Sustainability Reporting
is the practice of measuring, disclosing, and being accountable to internal and external
stakeholders for organizational performance towards the goal of sustainable development
, "A sustainability report should provide a balanced and reasonable representation of the
sustainability performance of a reporting organization - including both positive and negative
contributions".
Goals: Benchmarking, demonstrating, comparing...
More info on sus reporting
A sustainability report is a report published by a company or organization about the
economic, environmental and social impacts caused by its everyday activities. A
sustainability report also presents the organization's values and governance model and
demonstrates the link between its strategy and its commitment to a sustainable global
economy.
Sustainability reporting can help organizations to measure, understand and communicate
their economic, environmental, social and governance performance, and then set goals, and
manage change more effectively. A sustainability report is the key platform for
communicating sustainability performance and impacts – whether positive or negative.
Sustainability reporting can be considered as synonymous with other terms for non-financial
reporting; triple bottom line reporting, corporate social responsibility (CSR) reporting, and
more. It is also an intrinsic element of integrated reporting; a more recent development that
combines the analysis of financial and non-financial performance.
Most recently, Integrated Reporting:
Involves widening of traditional accounting reporting structures
Interconnectedness approach: interaction and impact between ESG (environmental, social
and governance) and financial measures ➔Forward looking approach
Social disclosing may be mandatory (a legal requirement to deliver this information) or
voluntary, where the extent and nature or reporting vary substantially between firms. Over
time, mandatory reporting requirements have been introduced in a wider variety of countries
as disclosure regulations have developed, and this resulted in a predictable increase in
disclosure levels in the affected countries (e.g.: EU)
About GRI
The Global Reporting Initiative is an international independent organization that helps
businesses, governments and other organizations understand and communicate the impact
of business on critical sustainability issues such as climate change, human rights, corruption
and many others
GRI Mission and Vision
Vision
