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

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