20130610 gri vancouver_calgary

Welcome to GRI’s Launch of

#G4 in Canada

Vancouver, Calgary

June 10 & 11, 2013

Vancouver, Calgary, 10, 11 June 2013

Focus on what matters, where it matters

North American G4 Campaign

G4 Campaign Sponsors

Participating

Certified Training Partners & Sector Leaders:

• Boston College • BrownFlynn • Deloitte • ERM • ISOS Group • Lead Canada w/Sustainalytics

• Bloomberg • Clorox • Curran & Connors • Dell • NYSE Euronext • Sprint • The Mosaic Company

8.00 – 8.30 Light breakfast & registration

8.30 – 10.15 G4 Overview & General Update

10.15 – 10.30 Break

10.30 – 11.30 Main Content Changes and Discussion

Agenda

VISION

A sustainable global economy where organizations manage their economic, environmental, social and governance performance and impacts responsibly and report transparently.

MISSION

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

Vision & Mission of GRI

Meanwhile in Europe…

EC Proposal for EU

directive

All large companies in the

EU will have to disclose

information on (a) policies,

(b) risks and (c) results as

regards environmental

matters, social and

employee-related aspects,

respect for human rights,

anti-corruption and bribery

issues, and diversity on the

boards of directors.

16 April 2013

Key objectives GRI

More reporters!

Better transparency!

It’s not just about your report, it’s about

transparency creating real change.

Harmonization & alignment

International North American

Market uptake

And others…

Why G4?

GRI anticipates:

• continued strong growth in sustainability reporting

• increasing interested from report users for clearly-presented and accessible information

• harmonization between reporting tools and systems

• the integration of financial and sustainability reporting

Starting points for G4

• G3.1 Guidelines

o The most up-to-date version of the GRI Guidelines

• G4 Objectives

o Be user-friendly for beginner and experienced reporters

o Improve technical quality, with clearer definitions

o Align with other international reporting references (frameworks)

o Lead to reports that cover material topics

o Offer guidance on how to link sustainability and integrated reporting, aligned with the IIRC

o Improve data access (XBRL)

G4 Launch at the GRI Conference

• Over 1600 people, from over 80 countries

• Over 40 sessions, with close to 200 speakers

North American G4 Campaign Pre-Conference

11 April – GRI @ NYSE, New York

2 May– GRI @ CERES, San Francisco

15 May – GRI @ webinar, online

G4 Local Launch

3 June – GRI @ Sustainable Brands ‘13, San Diego

6 June – GRI @ Sustainability Summit, Kansas City

10, 11 June – GRI @ Deloitte, Vancouver & Calgary

12 June – GRI @ Toronto Stock Exchange, Toronto

19 June & 24 June – GRI @ webinar, online

Before… and after…

Find out more!

http://grifocalpointblog.org/usa

http://grifocalpointblog.org/usa

Areas of profound revision

Structural changes

• Application levels

• Boundary

• Disclosures on management approach

Content changes

• Supply chain

• Governance

• Greenhouse gas emissions

• Anti-corruption

“Materiality” definition - GRI

“Material topics for a reporting organization should include those topics that have a direct or indirect impact on an organization’s ability to create, preserve or erode economic, environmental and social value for itself, its stakeholders and society at large.”

G4 Updates:

• Explain WHY a topic is material in the sustainability report = Update to GRI’s Management Approach Disclosures

https://www.globalreporting.org/reporting/guidelines-online/TechnicalProtocol/Pages/MaterialityInTheContextOfTheGRIReportingFramework.aspx






Reinforcement of materiality

Reporting organizations will only report what is deemed material, and explain on a topic-level why this is the case.

What currently exists as the GRI Technical Protocol has been incorporated directly into the guidelines.

Defining Material Aspects & Boundaries

Materiality Matrix

22

All = equal

In G4, there is no distinction between ‘core’ and ‘additional’ indicators.

Sector Supplement content is simplified, to be used when selecting material Topics

Sector guidance

In G4, different levels of disclosure are expected depending on an organization’s control and influence.

“Extent of disclosure” concept

Generic DMA (narrative) per GRI ASPECT

Disclosures on Management Approach

25

Break

Main Content Changes

27

New Disclosures: Supply Chain

Governance & Remuneration

Updated Disclosures

Anti-corruption

GHG Emissions

New GRI Aspects

New GRI Aspects

The New GRI content index

30

You still have to publish a GRI content index in order to classify as a

GRI-based sustainability report

• Core and Comprehensive Option

• Both have focus on process to define materials Aspects and Boundaries

In Accordance – Two Options

For Standard Disclosures with(*), reasons for omission may apply in exceptional cases.

In exceptional cases, if it is not possible to disclose certain required information, the report should

a) Identify the information that has been omitted.

b) Explain the reasons why the information has been omitted.

In addition, the applicable explanation of omission from the list below should be provided:

* A Standard Disclosure, part of a Standard Disclosure, or an Indicator is not applicable; the reason why it is considered to be not applicable should be disclosed

* The information is subject to specific confidentiality constraints; those constraints are to be disclosed by the organization

* The existence of specific legal prohibitions; a reference to the specific legal prohibitions should be made

* The information is currently unavailable. In the case of the unavailability of data, the organization should disclose the steps being taken to obtain the data and the expected timeframe for doing so

The organization should recognize, however, that a large number of omitted Standard Disclosures may invalidate its ability to claim that its sustainability report has been prepared ‘in accordance’ with either the Core or Comprehensive options of the Guidelines.

Reasons for not reporting

35

Example: Dell’s GRI Index

36

Taken from Dell’s 2012 Corporate Responsibility Report

TRUE OR FALSE:

I want GRI to give me a “+”.

I can get this “+” by either having my report checked by GRI or having a third party verify my report.

External Assurance: Before

37

External assurance: After..

Trends in External Assurance of Sustainability Reports: Spotlight on the USA, GRI, March 2013 38

Integrated reporting

Clear references to integrated reporting are included in G4

Two parts

• GRI G4: what to report?

• GRI G4: how to report it? implementation manual

• Sector guidance: online in tables

G4 documents

40

Using the Guidelines: The steps – new section

I. Obtain an overview

II. Choose the preferred “in accordance” option

III. Prepare to disclose General Standard Disclosures

IV.Prepare to disclose Specific Standard Disclosures

V. Prepare the sustainability report

The structure of the G4 Guidelines

General and Specific Disclosures

Regulatory trends

"More governments are making sustainability reporting mandatory.“

In 2006, 58 percent of policies were mandatory; now, more than two thirds (72 percent) of the 180 policies in the 45 reviewed countries are mandatory.

What’s happening in the USA?

Stock Exchange Activity

May 2010 January 2011

• GRI & Other Initiatives:

• OECD MNE Guidelines

• UNGC Principles

• UN Guiding Principles on Business and Human Rights

• GRI & Integrated Reporting

• GRI & Supply Chain

GRI & Harmonization

Harmonization: other initiatives

Where?

Legend, links to OECD/UNGC


Where?

GHG disclosures

* G4 WG with CDP & Climate

Registry

* Aligned with WRI & ISO 14064


Where? Linkage tables in G4



• UNGC Principles




Harmonization: Integrated Reporting



• UNGC Principles




Harmonization: supply chain

Supply Chain – G4-12 Describe the supply chain

New Disclosures - examples

Overview of Supply Chain Disclosures in G4, pg 86


Governance & Remuneration Disclosures, G4 – 34-55


Remuneration, G4 – 51-55


What about the Sector Supplements?

Guidance - Sector

New publication

New publication

Guidance – Integrated reporting

57

Guidance - assurance

58

•Learning Services Material

– G4 Bridging Module July 2013

– Standard course & Pathways I: September 2013

– SME course & Pathways II December 2013

•Reports Services - GSI

– Decision on “In accordance” checks: September 2013

– Certified Software for G4 and G4 online

Post G4 Launch - Roll out phase

Thank You

www.grifocalpointblog.org/usa www.griconference.org

60

http://www.grifocalpointblog.org/usa

http://www.griconference.org/

Technology

20130610 gri vancouver_calgary