Engage CSR june 30 2010 Elaine Cohen on Sustainability Reporting
Sustainability Reporting and CSR
20
UNSW Sustainability Corporate Social Responsibility Masters of Environmental Management Environmental Tools: CSR Reporting Aaron Magner University of New South Wales
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Presentation to Masters of Environmental Management Environmental Tools class
Transcript of Sustainability Reporting and CSR
UNSW Sustainability
Corporate Social Responsibility Masters of Environmental ManagementEnvironmental Tools: CSR Reporting
Aaron MagnerUniversity of New South Wales
Content
Why CSR and Sustainability Reporting matters
Existing sustainability reporting frameworks
Drivers of change in sustainability reporting
Future scenarios for sustainability reporting
Why sustainability reporting matters
Sustainability reporting is:
“…the practice of measuring, disclosing, and being accountable
to internal and external stakeholders for organizational
performance towards the goal of sustainable development.”
Why sustainability matters
Historical view“The social responsibility of business is to
increase the wealth of its shareholders.”Dr Milton Friedman (1970)
Modern Management Maxim“If you can’t measure it, you can’t manage it.”
The indicators corporations, regulators and civil society access and use inform decision-making,
policies, initiatives and ultimately outcomes.
Sustainability reporting today
Internationally95% of top 200 companies
release sustainability reports
In Australia57% of top 100 companies release sustainability reports• ESG and SRI becoming mainstream.• New environmental tools of measurement
• Mandatory in Denmark and Sweden• EU accounting standards encourage
reporting of environmental and social data
Global Standards
Sustainability reporting frameworks
Global Standards
Sustainability reporting frameworks
Global Standards
Sustainability reporting frameworks
Global Standards
Sustainability reporting frameworks
Global Standards
Sustainability reporting frameworks
Others:• AA1000 Series• Social Accountability 8000
Drivers of Change
Integrated reporting
Shareholder activity, active investorsand NGOs
Ratings such as FTS4Good and Dow Jones Sustainability Index
• Global Reporting Initiative (GRI) • Carbon Disclosure Project• WWF-GFTN: Ethical
Trading Initiative
Drive for standard content:
Changes in the digital media
Role of Stakeholders
Supporting, encouraging and enforcing change to more sustainable & less environmentally damaging forms of production.
The consumer
Role of Stakeholders
Eco-labels
Role of Stakeholders
Investors and Consumers
• Energy & Climate• Material Efficiency• Nature and Resources • People & Community
Category of questions:
Suppliers must provide detailed sustainability data
Supply chain management
Technological developments
TheGood Guide
Technological developments
Personal Sustainability reporting filter
Technological developments
Shift toward product based CSR
Technological developments
Shift toward product based CSR
Wrap up and discussion
• Will continue to grow and evolve.• Technology > interactive, transparent, real-time.
Sustainability Reporting
• Possible future regulation• Corporate scandals and/or environmental crisis.
Likely to be unexpected developments
Keep in touch
Aaron Magner Director - UNSW Sustainability
UNSW Sustainability UNSW SYDNEY NSW 2052www.sustainability.unsw.edu.au
LinkedIn | linkedin.com/in/aaronmagnerTwitter | @aaronmagnerSlideshare | slideshare.net/aaronmagnerWeb | aaronmagner.com
