Global Reporting Initiative Rethink. Rebuild. Report.
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Transcript of Global Reporting Initiative Rethink. Rebuild. Report.
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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.
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The Global Reporting Initiative
What is it and what does it do?
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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.
Global Reporting Initiative’s Vision:
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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.
So…What does that mean?
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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
What are the reports used for?
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The global Reporting Initiative is committed to its application worldwide and continuous
improvement.
Over 60 countries worldwide employ GRI’s reporting guidelines
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The People Behind Global Reporting
InitiativeWho are they?
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Who runs Global Reporting Initiative? GRI is a multi-stakeholder network of
thousands of experts
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The network also includes their Board of Directors, Stakeholder Council, Technical Advisory Committee, Secretariat, Advisory Groups, and hundreds of Organizational Stakeholders.
… GRI network (continued)
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Inside the GuidelinesG3 Guidelines, a third generation framework published in 2006.
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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
What are the guidelines?
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Principles to define report content:◦materiality ◦stakeholder inclusiveness◦sustainability context◦completeness
Part 1: Reporting Principles and Guidance
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Principles to define report quality:◦balance◦comparability◦accuracy◦timeliness◦reliability◦Clarity
Guidance on how to set the report boundaries
…Part 1(continued)
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Strategy and Profile
Management Approach
Performance Indicator
Part 2: Standard Disclosures
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Six categories:◦Environmental◦Human Rights◦Labor Practices and Decent Work◦Society◦Product Responsibility◦Economic
Performance Indicators
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Goals and Performance Policy Organizational Responsibility Training and Awareness Monitoring and follow-up Additional Contextual Information
Management Approach categories
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The Work of Global Reporting Initiative
Current priorities of GRI
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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
Current priorities of GRI
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Impact on the Corporate World
The use of Global Reporting Initiatives around the World
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GRI Reporting Trends
Reporting Countries in 2008
Reporting trends between 2007 and 2008
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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
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"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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