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WBCSD Position on Sustainable Development

Reporting Initiatives

This document determines the policy of WBCSD for addressing guidance initiatives of other organizations in the

area of corporate sustainable development reporting.

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Fundamental issues WBCSD believes that there will be an increasing

demand for corporate sustainable development reporting and dialogue with numerous stakeholders

WBCSD recognizes that on a medium/long term a high demand for ”standardized” or “normalized” sustainable development performance information from companies is most likely.

WBCSD finds it of key importance that businesses influence the framework conditions for SDR as an emerging corporate undertaking.

As a leading business voice on SD and business, WBCSD should establish and maintain influence, where appropriate.

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Creating a WBCSD position on GRI

We have a collection of members viewpoints and opinions on GRI Guidelines (technical content)

We need to develop a position on GRI as a permanent institution

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Principles and criteria for engagement

Monitoring Interested,

contributing

Sponsoring Endorse, process and/or result

Take responsibility partnering

Logistical support

Intellectual support

Reasonably commitment of members intentions

Principles

Criteria

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Principles

1. Maintain WBCSD Reputation

2. Applicability

3. Balance

The WBCSD will not engage in any initiative that puts the understanding of WBCSD function and reputation at an unacceptable risk.

Guidelines should be reasonably suitable to allow individual companies to report their SD business case

Preference to guidance that are created via a multi-stakeholder approach

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Criteria

1. Mission

2. Outreach

3. Make a difference

Is the initiative and its subject matter in accordance with the WBCSD mission

Is the initiative international regional or global.

Is the initiative likely to influence the SD Reporting agenda - because of its scale of significance and support, or its innovative level, approach or content

- Strategic fit

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Criteria

4. Overseeing and governing bodies e.g.

5. Processes applied to select topics, and developing and issuing guidance

Processes relate to aspects such as; selection/appointment of members

e.g. decision making There should be a clear recognition of

which parties and/or stakeholder-groups that any person represent

- Due processesDoes the issuing organization follow due processes to ensure that relevant and legitimate parties and viewpoints are considered in such a way that provides inclusiveness and transparency, with regards to:

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Criteria

6. Is the initiative generally recognized. This means that society in general subscribes to it (like generally accepted accounting standards).

It is assumed that because of their emerging nature no initiative could today claim to be generally recognized

(In the meantime the criteria Due Processes will substitute)

- recognitionThis criteria is expected to be increasingly applied as the SD Reporting agenda matures

All criteria should be met to a reasonable extent

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Role of engagement The extent and depth of WBCSD engagement is derived

from the degree to which the engagement advances the achievement of the WBCSD’s mission.

WBCSD does not enter or agree to positions on any reporting guidelines, standards or criteria that in fact, nor in appearance, are binding to members of the WBCSD.

WBCSD should regularly review its position towards certain guidance, standards or criteria in light of the degree of uptake, endorsement or subscription, or support for those criteria in question, by members of WBCSD.

WBCSD supports that financing has to be balanced reflecting a multi-stakeholder approach.

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WBCSD engagementMonitoring Interested,

contributing

Sponsoring Endorse, process and/or result

Take responsibility partnering

Logistical support

Intellectual support

Reasonably commitment of members intentions

Matrix on engagement role and means

WBCSD may engage in various aspects within the initiative or undertaking, such as governance, strategy and policy, as well as technical content and processes.

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Process and timeline for issuing of WBCSD Policy Paper

March 29; High level presentation to LD´s

April 22; Final draft to LD´s for comments

May 22; Deadline for comments from LD

May 29; Submission of final paper to Exco

June 12; Exco to approve policy