corporate transparency & sustainability reporting dr. aditi haldar … viyellatex group. gri...
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Corporate Transparency & Sustainability Reporting
Dr. Aditi Haldar & Ms. Rubina SenGRI South Asia
Agenda
i. The Sustainability Challenge
ii. About GRI
iii. Understanding the GRI Standards
iv. Business Case & Value of Reporting
Presentation structure
Sustainability Reporting – GRIs proposition
“ We live in a world of multiple dimensions where a
variety of resources and relationships contribute to
understanding the full story of an organization’s impacts
and value creation.
Only by acknowledging the connectivity between these
resources and relationships is it possible to understand
the full picture. This is why it is essential that corporate
reporting is seen through a broader lens that brings
into focus sustainability information together with
other considerations.”
Sustainability Reporting – GRIs proposition
The Sustainability Challenge
How can business be profitable and contribute to solutions at
the same time?
The sustainability challenge
Sustainability reporting is
an organization’s practice
of reporting publicly on its
economic, environmental,
and/or social impacts, and
hence its contributions –
positive or negative-
towards the goal of
sustainable development.
Sustainability Reporting
• Helps to set goals, measure
performance and manage change
• Includes most significant impacts
• Makes abstract issues tangible and
concrete
• Helps organizations develop
sustainability related strategies and
activities
• Is stakeholder-focused,
performance-bridging and marks
continuous improvement
Sustainability Reporting
• How do you measure
sustainability impacts?
• Who defines the metrics to
measure them?
Sustainability Reporting
Who we are
About GRI
Our Work
GRI Regional Hubs
A Global Perspective
Africa
Latin
America
Europe
North
America
China
Oceania
South-East
Asia
South
Asia
GRI & GRI Regional Hub South Asia
• GRI Headquarter: Netherlands
• GRI South Asia office: New Delhi & satellite office in Mumbai
• Regional reach: India, Sri Lanka, Bangladesh, Pakistan
• Supporters: GRI South Asia Consortium, Gold Community,
Partners, SDG Corporate Members
• Focus: Mainstreaming sustainability and transparency alongside
rapid economic growth
The Value of Sustainability Reporting
Multi-stakeholder Approach
Business
Civil Society
Capital Markets
Academia
Governments
Labor
Our Impact
• KPMG Survey of corporate responsibility reporting
2017
75% of the
largest 250
companies
use the GRI
framework
Sustainability reporting is becoming a
mainstream business practice
Top Ten GRI Reporting Regions/Markets
2015 & 2016
2015 2016
GRI Reporting in South Asia
2014 - 2016
Sustainability Reporting in Bangladesh
Bangladeshi Reporters
2015 – 2017
2017 2016 2015
Bank Asia Bank Asia Bank Asia
BRAC Bank Ltd. DBL Group DBL Group
Eastern Bank Ltd. IDLC IDLC
IDLC Janata Bank Ltd. Janata Bank Ltd.
Janata Bank Ltd. Mutual Trust Bank Ltd. Mutual Trust Bank Ltd.
Mutual Trust Bank Ltd. Olympic Prime Bank Ltd.
Olympic Prime Bank Ltd. Robi Axiata Ltd.
Prime Bank Ltd. Southeast Bank Ltd.
Southeast Bank Ltd.
VIYELLATEX Group
GRI Standards
GRI Standards are a set of interrelated reporting standards, enabling organizations to report publicly on their economic, environmental and social impacts and contribution towards sustainable development.
The GRI Standards represent global best practice for reporting sustainability information – enhancing its comparability and quality.
• Restructured content to a set of
modular, interrelated reporting
standards
• Improved structure and format, with
clearer language and presentation
• Clearer distinction between
requirements (‘shall’),
recommendations (‘should’) and
guidance
• Clarifications on how to use and
reference the Standards
GRI StandardsImproved, modular structure
Standards are effective for reports published on or after 1 July 2018.
Earlier adoption is encouraged.
GRI Standards How to use the Standards
• Three Universal Standards to
be used by all reporters
• Thirty-three topic-specific
Standards to be used
according to the identified
material topics
• Topic specific Standards are
categorized into social,
environmental and economic
series
Modular Structure
GRI Standards
GRI 101: FoundationStarting point for using the GRI Standards
Reporting Principles
CONTENT QUALITY
• Stakeholder
Inclusiveness
• Sustainability
Context
• Materiality
• Completeness
• Accuracy
• Balance
• Clarity
• Comparability
• Timeliness
• Reliability
Section 1: Reporting Principles, includes the ten
Reporting Principles for defining report content
and quality, along with guidance.
Organized into six sections:
1. Organizational profile
2. Strategy
3. Ethics & integrity
4. Governance
5. Stakeholder engagement
6. Reporting practice
GRI 102: General DisclosuresDisclosures about the organization and its reporting practice
The GRI Sustainability Reporting Standards
GRI 102: General Disclosures - Zenith Bank’s Sustainability Report
• The management approach is a
narrative explanation of how the
organization manages a material topic
and related impacts
• The Standard requires organizations to
provide a narrative description of
how they manage a material topic and
related impacts
• The Management approach Standard is
designed to be used together with the
topic-specific Standards (series GRI
200, GRI 300 and GRI 400), and any
other material topic
GRI 103: Management ApproachTo be applied to the reporting of each material topic
Topic-Specific StandardsEconomic Series (200)- Environmental Series (300)
Economic
201 Economic Performance
202 Market Presence
203 Indirect Economic Impacts
204 Procurement Practices
205 Anti-corruption
206 Anti-competitive Behavior
Environmental
301 Materials
302 Energy
303 Water
304 Biodiversity
305 Emissions
306 Effluents and Waste
307 Environmental Compliance
308 Supplier Environmental Assessment
Topic-Specific StandardsSocial series (400)
Social
401 Employment
402 Labor/Management Relations
403 Occupational Health and Safety
404 Training and Education
405 Diversity and Equal Opportunity
406 Non-discrimination
407 Freedom of Association and Collective Bargaining
408 Child Labor
409 Forced or Compulsory Labor
410 Security Practices
411 Rights of Indigenous Peoples
412 Human Rights Assessment
413 Local Communities
414 Supplier Social Assessment
415 Public Policy
416 Customer Health and Safety
417 Marketing and Labeling
418 Customer Privacy
419 Socioeconomic Compliance
Materiality principle
The report should cover topics
that: reflect the reporting
organization’s significant
economic, environmental, and
social impacts; or substantively
influence the assessments and
decisions of stakeholders.
GRI StandardsFocus on Materiality
Materiality Matrix
Zenith Bank’s Sustainability Materiality Matrix 2016
GRI StandardsUnderstanding impact
‘Impacts’ refers to the
organization’s contribution
(positive or negative) to
sustainable development’.
Business Case & Value of Reporting
Value of Reporting
Thank you
www.globalreporting.org
GRI
Barbara Strozzilaan 336
1083 HN Amsterdam
The Netherlands
Amsterdam | New York | Beijing | Sydney | New Delhi | Johannesburg | Bogota | São Paulo
info@globalreporting.org
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