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GLOBAL REPORTING INITIATIVE

Presented By
Monojoy Banerjee
Jay Gala
Pranav Gala
Shrenik Karia
Kinjal Mehta
Udita Kulkarni
GLOBAL REPORTING INITIATIVE
The Global Reporting Initiative (GRI) is a multi-
stakeholder process and independent institution whose
mission is to develop and disseminate globally
applicable Sustainability Reporting Guidelines.

The Guidelines are for voluntary use by organisations


for reporting on the:
◦ Economic,
◦ Environmental, and
◦ Social dimensions of their activities, products, and services.
DIMENSIONS OF REPORTING
 GRI was founded in the US in 1997 by CERES (a United States non-profit
organisation) and the United Nations Environment Program (UNEP) and
was originally based in Boston, Massachusetts. In 2002, GRI moved its
central office to Amsterdam, where the Secretariat is currently located. GRI
also has regional 'Focal Points' in Australia, Brazil, China, India and the
USA.

 The Focal Point India was established in January 2010, and is hosted
by BSI Group India.

 Focal Point India operates at the heart of the CSR and sustainability
landscape in India. The Focal Point has an important strategic collaboration
with the Indian Institute of Corporate Affairs (IICA), an independent think
tank under the Ministry of Corporate Affairs, Government of India through
the IICA-GIZ CSR initiative.
GRI SUSTAINABILITY REPORTING
The GRI Sustainability Reporting Guidelines –
the most widely used comprehensive
sustainability reporting standard in the world –
provide organizations with the tools to meet the
sustainability challenges.

A sustainabilityreport conveys disclosures on an


organization’s most critical impacts – be they
positive or negative – on the environment, society
and the economy.
GRI Reporting Process in the year 2018

(https://www.globalreporting.org/resourcelibrary/G
RI_UNGC_Business-Reporting-on-
IMPORTANCE
 By using the Guidelines, reporting organizations can generate
reliable, relevant and standardized information with which
to:
◦ assess opportunities and risks, and
◦ enable more informed decision-making – both within the business
and among its stakeholders.

 Bydeveloping and communicating their understanding about


the connections between sustainability and business,
companies can:
◦ enhance their value,
◦ measure and manage change, and
◦ drive improvement and innovation.
Continued strong growth in sustainability reporting

Increased interest in what organizational leadership identifies as


critical sustainability topics

Increased interest from report users for clearly presented and


accessible information

Harmonisation between reporting tools and systems

Increased integration of financial and sustainability reporting


GRI SUSTAINABILITY REPORTING
PROCESS
G4: NEXT GENERATION OF REPORTING
G4, the fourth generation of the Guidelines, was
launched in May 2013. It marked the culmination of
two years of extensive stakeholder consultation and
dialogue with hundreds of experts from across the
world from a wide variety of sectors.

Aim of G4: to help reporters prepare sustainability


reports that matter – and to make robust and
purposeful sustainability reporting standard practice.
G4 Objectives
 Be user friendly for beginners and experienced reporters

 Improve technical quality with clearer definitions

 Align with other international reporting references (frameworks)

 Lead to reports that cover material topics

 Offer
guidance on how to link sustainability and integrated
reporting, aligned with the IIRC

 Improve data access.


Examples of Performance Indicators
 Economic
◦ Financial implications and other risks and opportunities due to climate
change (G4-EC2)
◦ Local hiring (G4-EC6)

 Environmental
◦ Materials used (G4-EN1)
◦ Materials used that are recycled input materials (G4-EN2) – Coca Cola
◦ Energy consumed (G4-EN3) – Hazira, RIL
◦ Impact on biodiversity in protected areas (G4-EN12)
◦ Amount of waste (G4-EN23) – P&G
◦ Environmental impact associated with transportation (G4-EN29) – Coca
Cola, Bata
Examples of Performance Indicators
 Labor
◦ Health and safety measures (G4-LA6) – P&G
◦ Hours of training (G4-LA9)
◦ Governance body/employee diversity (G4-LA12) - Dell
 Human Rights
◦ Human rights screening on suppliers and contractors (G4-H10) - Tata
◦ Violation of indigenous rights (G4-HR8)
 Society
◦ Impact on community (G4-SO1) - Vedanta
◦ Training against corruption (G4-SO5)
 Product Responsibility
◦ Life cycle assessment of products/services (G4-PR1)
◦ Customer satisfaction (G4-PR5) - Dell
List of India companies with GRI based sustainability reporting
2011 onwards
Global Scenario
 Ofthe 250 largest global companies, over 65% are already publishing a
sustainability report.

 More than 3,000 companies across the world report on how they minimise
their environmental footprint, engage with stakeholders, adopt fair social
practices or embed sustainability into their day - to - day business, R & D or
marketing practices.

 Companies across Europe, Canada, Australia, Japan and USA and across
sectors have been coming up with the sustainability reports for 6 to 10 years
now.

 Companies like BP, ABN, AMRO, BT, Novo NORDISK etc. have been rated
amongst the top reporters for years now.
2013 Global CSR Reputation Winner RANK POINTS OUT OF
Companies 100
MICROSOFT 1 72.97

WALT DISNEY 2 72.83

GOOGLE 3 72.71

BMW 4 72.14

DAIMLER 5 70.65

SONY 6 69.49

INTEL 7 69.29

VOLKSWAGEN 8 69.21

APPLE 9 69.12

NESTLE 10 69.00

Source: Reputation Institute


Comparing 4 Years Ranking By Reputation Institute
Companies lagging behind in reporting –
G3.1
 Most of the companies do not have regular checks and internal assurance protocol in
place.

 Most of the reports issued by companies fail to define clear focus areas and
identifying key stakeholders.

 Very few reporters have sustainability strategy with well - defined objectives and
SMART targets.
 The Sustainability Reports issued during the last few years are highly packaged
but lack emphasis on the main issue of sustainability.
 Climate change has emerged on the key sustainability risks across industries but
only small number of companies report on climate change risks.
What can be done? – G4
The expectations from Indian reporters going forward are to focus on presenting
information related to:

◦ Sustainability issues, challenges, dilemmas and opportunities.


◦ Regulatory environment and fact-based information.
◦ Information of interest to investors such as materiality of issues in financial
terms, vision and strategy, statements, goals and targets, etc.
◦ Explanation on identification and prioritization of material issues.
◦ Reader friendly report design.

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