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Sustainability Reporting - Construction and Real Estate
Tamara BergkampReporting Framework Coordinator
Amsterdam, July 2012
Content
• The sustainability challenge• What is the Global Reporting Initiative?• What is sustainability reporting?• The GRI Construction and Real Estate
Sector Guidance• New developments
Amsterdam, July 2012
The sustainability challenge
How can business be profitable and contribute to solutions at the same time?
Managing change“What you can’t measure, you cannot manage. What you can’t manage, you cannot change.”
Peter DruckerWriter, professor and management consultant
GRI: a network organizationBusiness
Civil Society
Government
Finance
Labor
Academia
Amsterdam, July 2012
GRI’s Mission
To make sustainability reporting standard practice by providing guidance and support to organizations.
Amsterdam, July 2012
The business case for reporting
Amsterdam, July 2012
Opportunities
Risks
Internal External
Improve management
process
Attract investors
Attract & retain talent
Stakeholder engagement
Competitive advantage
Enhanced reputation &
loyalty
Reduce waste, CO2, water usage Government and
stock exchange requirements
Sustainability Reporting Framework• Guidelines • Protocols• Sector Supplements
www. globalreporting.org
Amsterdam, July 2012
Construction and Real Estate Supplement
G3.1
Standard Disclosures
Content
Quality
Boundary
Profile
Strategy and Analysis(Risk, Opportunity Focus re whole organisation)
Organizational Profile
Report parameters
Governance, commitments, and engagement
Disclosure on Management Approach (DMA) and Performance Indicators
Economic Category
Environmental Category
Social Category
LaborHuman RightsSocietyProduct Responsibility
Principles
Amsterdam, July 2012
Some views on the industry …
Amsterdam, July 2012
INTERNAL• Complex and divers • Many Stakeholders • Significant impacts • Large supply chain • Broad range of issues • Lack of reporting consistency
EXTERNAL• Big consumer of
resources• ‘Touch People’s lives’• Lasting legacies:
positives, negatives or both
• Visible activities, but often obscured impacts
GRI Construction and Real Estate Sector Supplement
Amsterdam, July 2012
A tailored version for the Construction and Real Estate industry.
For companies that:Invest in buildings and/or
infrastructureDevelop and /or construct,
buildings and/or infrastructureManage buildings
Construction & Real Estate Guidance Some examples
GRI categories Topics / ExamplesEconomic • Policies end practice to encourage positive, and minimize
negative, economic legacy impacts • Local hiring procedures
Environmental • Building energy, water, and greenhouse gas emissions intensity• Greenhouse Gas Emissions• Remediation of land
Labor • Health and safety risks• Policies and practices on outsourcing work (contractors and
subcontractors) and workers without a formal contract (daily, casual and/or foreign workers
Human Rights • Screening of contractors and subcontractors on violations of human rights
Society • Displacement and resettlement of personsProduct Responsibility
• Sustainability certification and labelling schemes
Supplement development
Amsterdam, July 2012
October 2009 September 2011
Six Working Group meetings
Two public comment periods, 90 days
Consultations + outreach +Phone call discussions + email exchange
GRI technical guidance, support and approval process
CONSENSUS BASED APPROACH
Construction & Real Estate GRISector Supplement Working Group
Amsterdam, July 2012
Consultants:
Looking towards the future
May 2013
Amsterdam, July 2012
Todays… and future reporting context
• Demand for sustainability performance information is increasing
• Metrics not coherent or harmonized• Most reports lack material focus and sometimes
precision• Integrated Reporting is a trend
G4 next generation of reporting guidanceAmsterdam,
July 2012
GRI G4 Guidance - Objectives
• To be user-friendly for beginners and experienced reporters
• To improve technical quality, with clearer definitions• To align with other reporting frameworks • To offer guidance which leads to material reports
(“materiality”)• To offer guidance on how to link sustainability
reporting and integrated reporting - aligned with IIRC• To provide support to improve data searching (XBRL)
Amsterdam, July 2012
G4 timeline
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
2011 2012 2013
2011 2012 2013
Text Revision / Editing Task Force
Preparatory StagePublic Comment
Period 1Public Comment
Period 2
Working GroupsMeet
Final Edit LAUNCHGovernance Bodies give Final Vote
WorkingGroupsFormed
Working GroupsMeet
Launch May 2013We are here
Amsterdam, July 2012
Help to shape the future guidance Provide feedback!
Any questions?
Amsterdam, July 2012
THANK YOU!
https://www.globalreporting.org