gri reporting in financial services - feb 10

GRI Reporting in Financial Services Financial Services

L’A i i B i It liL’Associazione Bancaria ItalianaRome, February 2010

Mike Wallace DirectorMike Wallace, DirectorGlobal Reporting Initiative

[email protected]

Top Sectors - GRI Reporters 2009

1) Financial Services – 1692) Oil & Gas – 1143) Mining & Metals – 834) Electric Utilities – 715) Construction & Real Estate 615) Construction & Real Estate – 61

Total all sectors – 1251 reportsTotal all sectors 1251 reports

GRI Reporting in the Financial Services Sector, Rome, February 2010

GRI Reports in the Financial Services Sector 2000-2009

165 169180

Services Sector 2000-2009

124120

140

160

Number of reports66

96

60

80

100

5 11 916

39

0

20

40

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009


GRI Reporting in the Financial Services Sector 2009Services Sector 2009

169 registered reports;169 registered reports;115 (68%) used the Supplement;40 countries;and from 6 geographical regionsand from 6 geographical regions.


GRI Reports in the Financial Services Sector by region 2009Services Sector by region 2009


Which countries are reporting with GRI in the Financial with GRI in the Financial Services Sector in 2009?

Country 2009 Country 2009 Country 2009Africa 9 Denmark 2 United Kingdom 8Nigeria 1 Finland 1 Latin America 16South Africa 8 France 2 Argentina 2A i G 5 B il 6Asia 25 Germany 5 Brazil 6China 4 Greece 5 Colombia 2Israel 1 Hungary 5 Ecuador 2Japan 10 Italy 4 Mexico 2Mongolia 1 Luxembourg 2 Peru 1Philippines 2 Netherlands 7 Venezuela 1Republic of Korea 5 Norway 1 North America 18Saudi Arabia 1 Poland 1 Canada 11Singapore 1 Portugal 4 USA 7Europe 97 Romania 1 Oceania 8Europe 97 Romania 1 Oceania 8Andorra 1 Spain 33 Australia 8Austria 2 Sweden 6Belgium 1 Switzerland 6


GRI Reporters - Online Databasehttp://www globalreporting org/GRIReports/GRIReportsList/http://www.globalreporting.org/GRIReports/GRIReportsList/


EuropeAndorra Crèdit Andorrà

AustriaOesterreichische KontrollbankGroup*VBV Vorsorgekasse

HungaryCIB Bank*Garantiqa HitelgaranciaMKB Bank*OTP Bank*Raiffeisen Bank

Banif Financial Group*Millennium*

RomaniaBanca Comercială Română

Spain

Grupo SantanderIbercaja*Instituto de Credito Oficial (ICO)Kutxa*La Caixa*Mapfre*Multicaja*g

Belgium KBC*

DenmarkDanske BankEksport Kredit Fonden*

ItalyGruppo Montepaschi*Intesa Sanpaolo*UBI Banca*Unicredit group

Luxembourg

pAsepeyoBancaja*Banco Sabadell*BanestoBankinterBBK*Caixa de Terrassa

jSegurCaixa Holding*Unicaja*

SwedenALMI ForetagspartnerFolksamInnnovationsbron

FinlandTapiola Insurance Group*

FranceAxa Group*BNP Paribas

Dexia* European*Investment Bank*

NetherlandsAEGON*ASN Bank*ASR

Caixa Galicia*Caja de Ahorros de Municipal de Burgos*Caja de Ahorros del Mediterraneo (CAM)*Caja de Ahorros y Monte de Piedad de Zaragoza A ó Ri j Ib j *

SBABSvensk ExportkreditSwedfund

SwitzerlandCredit Suisse*Graubündner Kantonalbank*S i *

GermanyAllianz*Commerzbank*Deutsche Bank*HypoVereinsbank*WestLB*

ASRING Group*Rabobank*SNS Reaal*Triodos*

NorwayNordea*

Aragón y Rioja – Ibercaja*Caja de Burgos*Caja de CanariasCaja Espana*Caja Laboral*Caja Madrid*Caja Navarra*Caja Rural de Granada*

Sarasin*Swiss Re*UBS*Zurcher KantonalBank*

United KingdomAbbeyBarclays*

GreeceALPHA BankEmporiki Bank*INTERAMERICANNational Bank of Greece (NBG)Piraeus Bank*

Nordea*

PolandBre Bank*

PortugalAxa Seguros*Banco Espírito Santo*

Caja Rural de Granada*Caja Vital Kutxa*Cajasol*Confederación Española de Cajas de Ahorros (CECA)*DKV Seguros*Grupo Banco Popular*Grupo BBVA*

Barclays*CFSEBRD*Freshfields Bruckhaus DeringerHSBC*International Personal FinanceStandard Chartered Bank


Banco Espírito Santo Grupo BBVA * Uses the Financial Services Sector Supplement

Africa

NigeriaACCESS Bank*ACCESS Bank

South AfricaAbsa*AbsaAfrican BankBidvestFirst Rand Group*First Rand GroupInvestecLiberty GroupNedbank Group*Nedbank GroupStandard Bank


* Uses the Financial Services Sector Supplement

AsiaChinaChina Development Bank*

Sompo Japan InsuranceSumitomo Corporation

DAEWOO Securities*Hana Bank*

ICBC*Ping An Insurance*SPD Bank*

Sumitomo Trust & BankingTakefujiTokio Marine Holdings

NongHyup*Shinhan Bank*

Saudi ArabiaIsraelBank Leumi*

Japan

MongoliaXacBank*

Philippines

NCB*

SingaporeSingapore Exchange*Japan

Daiwa Shoken Group*Mitsubishi UFJ Financial Group*Mizuho Financial GroupNomura

PhilippinesAsian Development Bank (ADB)Bank of the Philippine Islands

Republic of Korea

Singapore Exchange

NomuraResona Holdings

Republic of KoreaDaegu Bank*



Latin America

ArgentinaBanco Galicia*

ColombiaBBVA Colombia*

PeruBBVA PeruBanco Galicia

Grupo Sancor Seguros

Brazil

BBVA ColombiaFundacion Social*

Ecuador

BBVA Peru

VenezuelaBanesco Banco Universal*

ACSP (AssociaçãoComercial de São Paulo)*Banco Bradesco*Banco do Brasil*

Diners Club del Ecuador*Mutualista Pichincha

MexicoBanco do Brasil*Grupo MAPFRE Brasil*Itau Unibanco*SulAmerica

MexicoBanco CompartamosBBVA Bancomer*



North America

CanadaBatirente*

United States of AmericaBank of AmericaBatirente

BMO Financial GroupCanadian Imperial Bank of Commerce

(CIBC)*D j di *

Bank of AmericaCitigroup*International Finance Corporation (IFC)*Inter-American Development Bank (IDB)*

Desjardins*Investissement Québec*National Bank of CanadaRoyal Bank of Canada (RBC)*

State Street Corporation*TriLibriumWainwright Bank

Royal Bank of Canada (RBC)ScotiabankTD Financial Group*The Co-operatorsToronto Dominion Bank



Oceania

AustraliaAustralia & New Zealand Banking Group*Australia & New Zealand Banking GroupAustralian Ethical Investment*Credit Union Foundation AustraliaIAG Australia*Mecu*National Australia Bank*VicSuper*Westpac Banking Corporation*Westpac Banking Corporation*



Financial Services Sector Supplement http://www globalreporting org/ReportingFramework/SectorSupplements/http://www.globalreporting.org/ReportingFramework/SectorSupplements/

For whom is the Supplement intended?- Retail Banking - Asset Management- Commercial and Corporate Banking - Insurance

AVIVABank of America

Earthwatch EuropeEIRIS

State Street CorporationSwiss Life

Who was involved in the multi-stakeholder approach?

- Commercial and Corporate Banking - Insurance

Bank of ChinaBCSC Fundación Social (Colombia)BMO Financial GroupCalvert Group Ltd.CECACh i ti B th I t t S i (CBIS)

EuronaturFGVSP (Centro de Estudos em

Sustentabilidade)Friends of the Earth, USAGermanwatchInstituto Centroamericano de Administracion

Swiss Reinsurance CompanyTapiola Insurance GroupThe Co-operative BankThe Netherlands Development FinanceCompany (FMO)UBS AGChristian Brothers Investment Services (CBIS)

Inc.CitigroupCo-operative Financial ServicesCo-operative InsuranceCoreRatings Ltd.

Instituto Centroamericano de Administracionde

International Finance Corporation (IFC)Interpolis NVEmpresas (INCAE)Insurance Australia Group (IAG)

UBS AGUNEP Finance InitiativeUnion NetworkVancity & Citizens Bank of CanadaVerein für Umweltmanagement inBanken (VfU)g

University of South AfricaCredit Suisse GroupDeutsche Bank AGDeutsche Bank Asset Management (PCAM)Development Bank of Southern Africa

National Australia Bank (NAB)NedbankRabobank NederlandRheinland VersicherungenStandard Bank of South AfricaStandard Chartered

Banken (VfU)VicSuper Pty LtdWestpac Banking CorporationWilderness Society AustraliaXL Winterthur InternationalZürcher Kantonalbank


(DBSA) Standard Chartered

Financial Services Sector Supplement http://www globalreporting org/ReportingFramework/SectorSupplements/

16 Financial Services Performance Indicators covering the following

Examples:

http://www.globalreporting.org/ReportingFramework/SectorSupplements/

Indicators covering the following sustainability aspects:

Product Service and Impact:

FS7. Monetary value of products and services designed to deliver a specific social benefit for each business line broken down by purposeProduct Portfolio

AuditActive Ownership

Economic Performance

broken down by purpose.

FS10. Percentage and number of companies held in the institution’s

tf li ith hi h th tiEconomic PerformanceEmissions, Effluents and WasteOccupational Health and SafetyInvestment and Procurement Practices

portfolio with which the reporting organization has interacted on environmental or social issues.

CommunityProduct and Service Labeling


Example of reporting with the Supplement: BBVASupplement: BBVA

BBVA GRI C t t I d2009 Sustainability Report GRI Content Index


Spanish Example: CECACECA (Spanish Confederation of Savings Banks) is an industry association with 45 members.It produces an aggregated sustainability report that includes the members activities.The report has been using the GRI G3 Guidelines since 2005; gand more recently the Financial Services Sector Supplement.All the members are asked to voluntary complete a questionnaire based on the GRI disclosures.Information from the questionnaire is gathered and fed into the aggregate report.Members that have completed the questionnaire are thereforeMembers that have completed the questionnaire are therefore better prepared to prepare their own GRI report: 16 members have produced a GRI report in 2009.


Spanish Example: CECA

CECA’s (Spanish Confederation of Savings Banks) members:

Bancaja*BBK*Caixa Catalunya

Caja de BadajozCaja de Burgos*Caja Canarias*

Caja MurciaCaja Navarra*Caixa Ontinyenty

Caixa Galicia*Caixa de GironaCaixa LaietanaCaixa de ManlleuC i M

jCaja CantabriaCaja Castilla La ManchaCaja Circulo de BurgosCaja DueroC j E ñ *

yCaja RiojaCaja Sol*Caja SegoviaCaja SurC l C i P llCaixa Manresa

Caixa PenedesCaixa SabadellCaixa TarragonaCaixa Terrassa*

Caja España* Caja de ExtremaduraCaja de GuadalajaraCaja Granada*Caja Inmaculada

Colonya Caixa PollençaIbercaja*La Caixa*La Caja de CanariasKutxa*

CaixanovaCajasturCaja de Avila

jCaja de JaenCaja Madrid*Caja Mediterraneo*

Sa NostraUnicaja*Vital Kutxa


*GRI reporters

Spanish Example: Caja Navarra

Caja Navarra (CAN) is a Spanish savings bank member of CECA.CAN is a GRI & Sector Supplement reporter.In 2009 CAN launched a project to help SMEs produce their sustainability reports.SMEs complete a questionnaire based on the GRI G3 Guidelines. An online software gathers the information and generates a sustainability report.y p2600 SMEs started the questionnaire; and 1114 of them fully completed it.

Outcome: 1114 Spanish SMEs published a sustainability report based on the GRI G3 Guidelines in 2009.


Spanish Example: Caja Navarra

1 Questionnaire of 6 pages = 1114 sustainability reports by SMEs


Thank you!

www.globalreporting.orgwww.globalreporting.org

Mike Wallace, DirectorGl b l R ti I iti tiGlobal Reporting Initiative

[email protected]

gri reporting in financial services - feb 10

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