GRI, Sustainability Reporting and G4
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The document summarizes the G4 Guidelines for sustainability reporting published by the Global Reporting Initiative (GRI). Key points include: - G4 builds on the previous G3.1 Guidelines and aims to make reporting more user-friendly, technically sound, and focused on material topics. - G4 emphasizes selecting material topics and boundaries, and reporting on impacts that matter most to the organization and stakeholders. - G4 presents guidance in two parts and includes new and revised disclosures on topics like ethics, governance, supply chain management and greenhouse gas emissions. - GRI recommends organizations use G4 for sustainability reporting after December 2015 to promote a global standard for reporting.
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GRI, Sustainability Reporting and G4
- 1. GRI, Sustainability Reporting and the G4 Guidelines Letshani Sithandiwe Ndlovu Network Relations Coordinator 17 September 2013, Green Business Conference, Istanbul
- 2. • Measurements which enable organizations to change the way they manage their impacts • Promoting change G4 is about ‘focus’ to promote significant change What is GRI about? Vision A sustainable global economy Mission To make sustainability reporting standard practice
- 3. Why report? OPPORTUNITIES RISKS INTERNAL EXTERNAL Attract and retain talent Reduce waste, water usage, CO2 Government & stock exchange requirements Improve management Process Attract Investors Competitive advantage Enhanced reputation & loyalty Stakeholder engagement
- 4. G3.1 Guidelines • G4 built on G3.1 Guidelines G4 Objectives • Be user-friendly for beginner and experienced reporters • Improve technical quality, with clearer definitions • Align with other international reporting references • Lead to reports that focus on material topics • Offer guidance on how to link sustainability and integrated reporting, aligned with the IIRC • Improve data accessibility (XBRL taxonomy) Due Process followed: 2.5 years, 120 Working Group members, 2 Public Comment Periods 2500 participants Starting points for G4
- 5. G4 presented in two parts Download both parts for free on www.globalreporting.org
- 7. • Encourages organizations to provide only information critical to their business and stakeholders • Enables concentration on sustainability impacts that matter, resulting in reports that are more strategic, more focused, more credible, and easier to navigate • G4 provides guidance on how to select material topics, and explain the boundaries of where these occur Materiality List all the material Aspects identified in the process for defining reporting content
- 8. Defining Material Aspects and Boundaries
- 9. In Accordance – Two Options
- 10. In Accordance – Two Options
- 11. GRI Content Index – e.g. Comprehensive
- 12. General and Specific Disclosures
- 13. New and revised disclosures Ethics & Integrity General Standard Disclosures G4-56 (Core & Compr.) G4-57 to G4-58 (Compr.) Governance General Standard Disclosures G4-34 (Core & Compr.) G4-35 to G4-55 (Compr.) Supply Chain General and Specific Standard Disclosures G4-12: Description of the Supply Chain (Core & Compr.) G4-EC9: Procurement Practices Supplier Assessment & Grievance Mechanisms (Env,Lab,HRs,Soc) GHG Emissions & Energy Specific Standard Disclosures G4-EN3 to G4-EN7 G4-EN15 to G4-EN21 Anti-corruption and Public Policy Specific Standard Disclosures G4-SO3 to G4-SO6
- 14. • Current 10 Sector Supplements content will be re- organized based on G4 • Reporters to consider this content when defining what is material • If material, sector disclosures are to be reported • 10 “Sector Disclosures” tables will be published on GRI website Sector Disclosures
- 15. • OECD Guidelines for Multinational Enterprises • United Nations Global Compact ‘Ten Principles’ • UN Guiding Principles on Business and Human Rights Alignment with other frameworks
- 16. • G4 translation to Turkish: translations@globalreporting.org • Technical enquiries: guidelines@globalreporting.org • G3/G3.1 reports accepted for 2 more reporting cycles Reports published after 31 December 2015 should be prepared in accordance with the G4 Guidelines • GRI recommends that first time reporting organizations use the G4 Guidelines Transition from G3/G3.1 to G4
- 17. Conclusion • G4 future of sustainability reporting • Value of the sustainability reporting process • Embrace sustainability reporting and G4 now!