GRI Launched of G4 in Canada - Vancouver and Calgary, June 10, 11, 2013

1. Welcome to GRI’s
Launch of
#G4 in Canada
Vancouver, Calgary
June 10 & 11, 2013
Vancouver, Calgary, 10, 11 June 2013

2. Focus on what matters, where it matters

3. North American G4 Campaign
G4 Campaign Sponsors
Participating
Certified Training Partners & Sector Leaders:
• Boston College
• BrownFlynn
• Deloitte
• ERM
• ISOS Group
• Lead Canada w/Sustainalytics
• Bloomberg
• Clorox
• Curran & Connors
• Dell
• NYSE Euronext
• Sprint
• The Mosaic Company

4. 8.00 – 8.30 Light breakfast & registration
8.30 – 10.15 G4 Overview & General Update
10.15 – 10.30 Break
10.30 – 11.30 Main Content Changes and Discussion
Agenda

5. ​VISION
A sustainable global economy where organizations manage their
economic, environmental, social and governance performance
and impacts responsibly and report transparently.
MISSION
​To make sustainability reporting standard practice by providing
guidance and support to organizations
Vision & Mission of GRI

6. Meanwhile in Europe…
EC Proposal for EU
directive
All large companies in the
EU will have to disclose
information on (a) policies,
(b) risks and (c) results as
regards environmental
matters, social and
employee-related aspects,
respect for human rights,
anti-corruption and bribery
issues, and diversity on the
boards of directors.
16 April 2013

7. Key objectives GRI
More reporters!
Better transparency!
It’s not just about your report, it’s about
transparency creating real change.

8. Harmonization & alignment
International North American

9. Market uptake
And others…

10. Why G4?
GRI anticipates:
• continued strong growth in sustainability reporting
• increasing interested from report users for clearly-
presented and accessible information
• harmonization between reporting tools and systems
• the integration of financial and sustainability reporting

11. Starting points for G4
• G3.1 Guidelines
o The most up-to-date version of the GRI Guidelines
• G4 Objectives
o Be user-friendly for beginner and experienced reporters
o Improve technical quality, with clearer definitions
o Align with other international reporting references
(frameworks)
o Lead to reports that cover material topics
o Offer guidance on how to link sustainability and integrated
reporting, aligned with the IIRC
o Improve data access (XBRL)

12. G4 Launch at the GRI Conference
• Over 1600 people, from over 80 countries
• Over 40 sessions, with close to 200
speakers

13. North American G4 Campaign
Pre-Conference
11 April – GRI @ NYSE, New York
2 May– GRI @ CERES, San Francisco
15 May – GRI @ webinar, online
G4 Local Launch
3 June – GRI @ Sustainable Brands ‘13, San Diego
6 June – GRI @ Sustainability Summit, Kansas City
10, 11 June – GRI @ Deloitte, Vancouver & Calgary
12 June – GRI @ Toronto Stock Exchange, Toronto
19 June & 24 June – GRI @ webinar, online
Before… and after…

14. Find out more!
http://grifocalpointblog.org/usa

15. Areas of profound revision
Structural changes
• Application levels
• Boundary
• Disclosures on management approach
Content changes
• Supply chain
• Governance
• Greenhouse gas emissions
• Anti-corruption

16. “Materiality” definition - GRI
“Material topics for a reporting organization should include those topics that
have a direct or indirect impact on an organization’s ability to create, preserve
or erode economic, environmental and social value for itself, its stakeholders
and society at large.”
G4 Updates:
• Explain WHY a topic is material in the sustainability report
= Update to GRI’s Management Approach Disclosures
https://www.globalreporting.org/reporting/guidelines-
online/TechnicalProtocol/Pages/MaterialityInTheContextOfTheGRIReportingFramework.aspx

17. Reinforcement of materiality
 Reporting organizations will
only report what is deemed
material, and explain on a
topic-level why this is the
case.
 What currently exists as the
GRI Technical Protocol has
been incorporated directly
into the guidelines.

18. Defining Material Aspects & Boundaries

19. Materiality Matrix

20. 22
All = equal
 In G4, there is no distinction
between ‘core’ and
‘additional’ indicators.

21.  Sector Supplement
content is simplified,
to be used when
selecting material
Topics
Sector guidance

22. In G4, different levels of disclosure are expected depending on an
organization’s control and influence.
“Extent of disclosure” concept

23. Generic DMA (narrative) per GRI ASPECT
Disclosures on Management Approach
25

24. Break

25. Main Content Changes
27
New Disclosures:
 Supply Chain
 Governance & Remuneration
Updated Disclosures
 Anti-corruption
 GHG Emissions

26. New GRI Aspects

27. New GRI Aspects

28. The New GRI content index
30
You still have to publish
a GRI content index in
order to classify as a
GRI-based sustainability
report

29. • Core and Comprehensive Option
• Both have focus on process to define materials
Aspects and Boundaries
In Accordance – Two Options

30. For Standard Disclosures with(*), reasons for omission may apply in exceptional cases.
In exceptional cases, if it is not possible to disclose certain required information, the report should
a) Identify the information that has been omitted.
b) Explain the reasons why the information has been omitted.
In addition, the applicable explanation of omission from the list below should be provided:
* A Standard Disclosure, part of a Standard Disclosure, or an Indicator is not applicable; the reason
why it is considered to be not applicable should be disclosed
* The information is subject to specific confidentiality constraints; those constraints are to be
disclosed by the organization
* The existence of specific legal prohibitions; a reference to the specific legal prohibitions should
be made
* The information is currently unavailable. In the case of the unavailability of data, the organization
should disclose the steps being taken to obtain the data and the expected timeframe for doing so
The organization should recognize, however, that a large number of omitted Standard Disclosures
may invalidate its ability to claim that its sustainability report has been prepared ‘in accordance’
with either the Core or Comprehensive options of the Guidelines.
Reasons for not reporting
35

31. Example: Dell’s GRI Index
36
Taken from Dell’s 2012 Corporate Responsibility Report

32. TRUE OR FALSE:
I want GRI to give me a “+”.
I can get this “+” by either having my
report checked by GRI or having a third
party verify my report.
External Assurance: Before
37

33. External assurance: After..
Trends in External Assurance of Sustainability Reports: Spotlight on the USA, GRI, March 2013 38

34. Integrated reporting
Clear references to integrated reporting are
included in G4

35. Two parts
• GRI G4: what to report?
• GRI G4: how to report it?
implementation manual
• Sector guidance: online in tables
G4 documents
40

36. Using the Guidelines: The steps – new section
I. Obtain an overview
II. Choose the preferred “in accordance” option
III.Prepare to disclose General Standard Disclosures
IV.Prepare to disclose Specific Standard Disclosures
V. Prepare the sustainability report
The structure of the G4 Guidelines

37. General and Specific Disclosures

38. Regulatory trends
"More governments are making
sustainability reporting mandatory.“
In 2006, 58 percent of policies were
mandatory;
now, more than two thirds (72 percent) of
the 180 policies in the 45 reviewed
countries are mandatory.

39. What’s happening in the USA?

40. Stock Exchange Activity
May 2010 January 2011

41. • GRI & Other Initiatives:
• OECD MNE Guidelines
• UNGC Principles
• UN Guiding Principles on Business and
Human Rights
• GRI & Integrated Reporting
• GRI & Supply Chain
GRI & Harmonization

42. Harmonization: other initiatives
Where?
 Legend, links to OECD/UNGC

43. Harmonization: other initiatives
Where?
 GHG disclosures
* G4 WG with CDP & Climate
Registry
* Aligned with WRI & ISO 14064

44. Harmonization: other initiatives
Where? Linkage tables in G4

45. • GRI & Other Initiatives:
• OECD MNE Guidelines
• UNGC Principles
• UN Guiding Principles on Business and
Human Rights
• GRI & Integrated Reporting
• GRI & Supply Chain
Harmonization: Integrated Reporting

46. • GRI & Other Initiatives:
• OECD MNE Guidelines
• UNGC Principles
• UN Guiding Principles on Business and
Human Rights
• GRI & Integrated Reporting
• GRI & Supply Chain
Harmonization: supply chain

47. Supply Chain – G4-12 Describe the supply chain
New Disclosures - examples

48. Overview of Supply Chain Disclosures in G4, pg 86
New Disclosures - examples

49. Governance & Remuneration Disclosures, G4 – 34-55
New Disclosures - examples

50. Remuneration, G4 – 51-55
New Disclosures - examples

51. What about the Sector Supplements?
Guidance - Sector
New publication

52. New publication
Guidance – Integrated reporting
57

53. Guidance - assurance
58

54. •Learning Services Material
– G4 Bridging Module July 2013
– Standard course & Pathways I: September 2013
– SME course & Pathways II December 2013
•Reports Services - GSI
– Decision on “In accordance” checks: September 2013
– Certified Software for G4 and G4 online
Post G4 Launch - Roll out phase

55. Thank You
www.grifocalpointblog.org/usa
www.griconference.org
60