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Global Reporting Initiative Rethink. Rebuild. Report.

Global Reporting Initiative Rethink. Rebuild. Report. The Global Reporting Initiative organization, the people behind it, their guidelines, their work, and their impact on the corporate world. The Global Reporting Initiative. What is it and w hat does it do?.

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Global Reporting Initiative Rethink. Rebuild. Report.

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  1. Global Reporting InitiativeRethink. Rebuild. Report. The Global Reporting Initiative organization, the people behind it, their guidelines, their work, and their impact on the corporate world.

  2. The Global Reporting Initiative What is it and what does it do?

  3. Global Reporting Initiative’s Vision: • The Global Reporting Initiative's (GRI) vision is that disclosure on economic, environmental, and social performance become as commonplace and comparable as financial reporting, and as important to organizational success.

  4. So…What does that mean? • GRI is a network based organization • Pioneered the world’s most widely used reporting framework • Framework sets principles that organizations can use to measure and report their economic, environmental, and social performances.

  5. What are the reports used for? • Reports can be used to benchmark organizational performance with respect to laws, norms, codes, performance standards and voluntary initiatives • Demonstrate organizational commitment to sustainable development • Compare organizational performance over time

  6. Over 60 countries worldwide employ GRI’s reporting guidelines • The global Reporting Initiative is committed to its application worldwide and continuous improvement.

  7. The People Behind Global Reporting Initiative Who are they?

  8. Who runs Global Reporting Initiative? • GRI is a multi-stakeholder network of thousands of experts

  9. … GRI network (continued) • The network also includes their Board of Directors, Stakeholder Council, Technical Advisory Committee, Secretariat, Advisory Groups, and hundreds of Organizational Stakeholders.

  10. Inside the Guidelines G3 Guidelines, a third generation framework published in 2006.

  11. What are the guidelines? • Outline core content for reporting • Relevant to all organizations regardless of size, sector, or location. • Outline a framework that organizations can voluntarily, flexible, and incrementally adopt • Allows organizations to plot for continual improvement of their practices

  12. Part 1: Reporting Principles and Guidance • Principles to define report content: • materiality • stakeholder inclusiveness • sustainability context • completeness

  13. …Part 1(continued) • Principles to define report quality: • balance • comparability • accuracy • timeliness • reliability • Clarity • Guidance on how to set the report boundaries

  14. Part 2: Standard Disclosures • Strategy and Profile • Management Approach  • Performance Indicator

  15. Performance Indicators • Six categories: • Environmental • Human Rights • Labor Practices and Decent Work • Society • Product Responsibility • Economic

  16. Management Approach categories • Goals and Performance Policy • Organizational Responsibility • Training and Awareness • Monitoring and follow-up • Additional Contextual Information

  17. The Work of Global Reporting Initiative Current priorities of GRI

  18. Current priorities of GRI • Human Rights • Community Impacts • Content and Materiality • Gender • Academic Network • Supply Chain • Financial Markets & XBRL • Technology • Earth Chapter/ GRI Alliance • UN Global Compact/ GRI Alliance • Global Readers Survey

  19. Impact on the Corporate World The use of Global Reporting Initiatives around the World

  20. GRI Reporting Trends Reporting Countries in 2008 Reporting trends between 2007 and 2008

  21. From 2007 to 2008, Global Reporting Initiative noticed a 46% increase in reports.  • In 2008, the number of GRI reports rose above 1000 GRI reports

  22. References "The Global Reporting Initiative: Rethink. Rebuild. Report."Global Reporting Initiative. Global Reporting Initiative, Mar 2010. Web. 3 April 2010. <http://www.globalreporting.org/Home>.

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