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TBLI conferenceNORDIC 2016Sandra Genee, Corporate and Stakeholder Relations
Investment risks in global markets
2013 Colombia: Coal producer fined $3.6 M for sinking ship dumping 500
tons of coal into sea
2015 China: Chad fined CNPC
$1.2BN for environmental
violations
2012 India: company fined
$16M for construction
without an EIA
2014 South Africa: global
producer of metals suffers 70% drop in
profits due to 5 months of strike
2012 Mexico – large telco fined
$1.2M for personal data privacy
violations
2013 Brazil: 26 beef produces to be
fined $282M for buying cattle raised
on illegally deforested areas
2013 Turkey: 12 banks fined
record $670 M for infringing on competition law
2014 Indonesia: Intl. mining
giant’s contract threatened over
tax law suit
2015 Germany VW
shares drop 23% after emissions
scandal
2016 Australia: BHP reports $2.2
bn of loss is attributed to Samarco dam
disaster
… investors demanding more information from companies…Sustainability reporting is a critical source of information for the screening process
Growth in sustainability reporting
1993 1996 1999 2002 2005 2008 2011 20130
10
20
30
40
50
60
70
80
90
100
N100 G250
Data from KPMG Survey on Corporate Responsibility Reporting 2013
“Use of Global Reporting Initiative (GRI) Guidelines is almost universal”
• 78 % of the companies that report use or reference GRI Guidelines
• 82% of the G250 that report use or reference GRI Guidelines
Sustainability Reporting & GRI
Reference: KPMG International Survey of Corporate Responsibility Reporting 2013
• GRI Standards enhance the global comparability and quality of sustainability information, resulting in greater transparency on economic, environmental and social impacts
• Globally accepted standards create a common language for organizations and stakeholders by which impacts of organizations can be communicated and evaluated
GRI Sustainability Reporting StandardsEnhancing comparability & quality
• It empowers multiple stakeholder groups in their decision-making, providing them with information about the connectivity of financial and sustainability information
• Organizations can have confidence in the robustness of stakeholder participation when considering a wide range of sustainability issues
Robust Multi-Stakeholder ApproachDiverse, global and inclusive
GRI
Business
Civil Societ
y
Acade-miaCapita
l Marke
ts
Govts.
Labor
GRI’s multi-stakeholder approach adds value to reporting
Who we are
About GRI
• Our work is already embedded in different types of decision making across the world: – Businesses use the
sustainability reporting process to understand, manage and communicate their impacts
– Governments use this reported information to build smarter policy
• Across our organization we focus on four strategic areas to help empower sustainable decision making
Empowering Sustainable DecisionsSupporting business and governments
More reporters better reportingOver 33,000 Reports in our Database
Policy initiatives worldwideEnabling Smart Policy
• Stock exchanges are critical levers for improving corporate disclosure on sustainability performance
• Leading exchanges around the world have implemented sustainability guidance to companies and investors, sustainability-themed indexes and set standards for sustainability disclosure as a listing requirement.
Stock exchange initiativesCollaboration - leveraging synergies
• Long-standing collaborations with over 20 international organizations– Intergovernmental
organizations – International non-
governmental organizations
• Joint activity with partner organizations to connect GRI Standards to other relevant international initiatives and frameworks
Working in PartnershipCollaboration - leveraging synergies
• Sustainability information is being used in more ways than ever before by diverse groups of stakeholders to address their specific needs
• For this information to truly empower sustainable decisions in every organization, it must be more accessible, comparable and available in real-time
Unlocking Sustainability InformationMoving beyond reports
Transition to Standards
• The G4 Guidelines and Implementation Manual are being restructured into a set of modular, interrelated reporting standards • Most changes focus on format and presentation – the main content, concepts, and disclosures from G4 will carry through
G4 Guidelines and G4 Implementation Manual
Thank you
www.globalreporting.orgGRI
Barbara Strozzilaan 3361083 HN Amsterdam
The Netherlands
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