Victoria Coleman

Focal Point Manager - Australia

ACCSRIntroductory Workshop

© GRI 2010

Who is reporting?

� >80% of Global Fortune 250 companies report on sustainability - 70% use the GRI

� 94% of ASX100 companies now disclose on sustainability (up from 83% in 2008)

� 32% of these produce a stand alone report – more than half use GRI

GRI Guidelines are being used in 65

countries

Over 1350 reports registered in 2009

© GRI 2010

Industry Distribution of GRI Reporters

19%

16%

10%

10%

9%

9%

7%

6%

6%

4%4%

Commercials & Financial Services

Materials

Industrial

Utilities

Other

Construction & Real Estate

Non-Profit/Services

Retail & Consumer Staples

Energy

Public Agency

Telecommunications

© GRI 2010 Reporters in Australia

© GRI 2010

Standardized Reporting

Reporting standards and guidelines used by companies

(G250 and N100)

Why report?

© GRI 2010

Key drivers for reporting (G250)

© GRI 2010

Customers & Suppliers are asking for it!

© GRI 2010

Government is starting to regulate

� Stronger role for regulation to ensure a minimum level of disclosure and risk prevention.

� Emerging combination of (complementary) voluntary and mandatory approaches

� Trend towards integration –one report on corporate governance, financials and sustainability.

� 142 reporting standards, 2/3 mandatory (UNEP/GRI - 30 country study, Carrots and Sitcks, May 2010)

� Majority of 79,000 MNE’s still do not disclose

� Edelman trust barometer 2009 + 2010:

� #1 issue = transparency � public looks for governments

to intervene on transparency

� Commissioner Barnier in London 31/3: ‘ Self-regulation has failed’

© GRI 2010

Investors are paying attention

Source: BloombergFindings:

Companies that focused on sustainabilityoutperformed peers by 15% during the financial crisisSource: AT Kearney – Feb. 2009

© GRI 2010

Companies issuing integrated reports:

11

Key Trend: Integrated Reporting

© GRI 2010

Looking forward: GRI Propositions

� By 2015 all large and medium-sized companies in OECD countries and fast-growing emerging economies should be required to reportpublicly on their ESG performance, or if they don’t, explain why.

� Standardized integrated reporting should be defined, tested and adopted by 2020.

� Should GRI develop the G4 Guidelines to update best practice guidance on ESG reporting and to help companies and information users to gain experience with integrated reporting in preparation for an international integrated reporting standard?

© GRI 2010

Latest Activities from GRI

Announcements

� GRI Joins the International Integrated Reporting Committee

� UNGC – GRI Partnership

� 2010 Carrots and Sticks Report Launched

� The Transparent Economy Six tigers stalk the global recovery—and how to tame them Report Launched

© GRI 2010

Sustainability Reporting Framework

continuous improvement projects

Newly Launched Sector Supplements� Food Processing Sector Supplement (A+

by31 December 2011)

� NGO Sector Supplement (A+ by 31 December 2011)

Public Comment Periods - Open Now� Guidelines: G3.1 - Human Rights,

Community and Gender – comments due by 23 August 2010.

� Construction and Real Estate – comments due by 30 June 2010.

� Event Organizers Sector Supplement comments due by 3 August 2010.

G3 Updates underway� Report Content and Materiality� Supply Chain� National Annex – Brazil

Sector Supplements underwayOil & Gas

� Airports� Media

Sector Supplements finalised � Financial Services� Electric Utilities � Mining & Minerals

Pilot SS – Available for use� Apparel and Footwear - Pilot only� Automotive - Pilot only� Logistics & Transport - Pilot only� Public Agency - Pilot only� Telecommunications - Pilot only

© GRI 2010

GRI in Australia

GRI GovernanceFacilitate Australian organisations involvement in GRI activities

�GRI Board�Stakeholder Council

�Sector Supplement Working Groups

�Coordinated PCP Responses

NetworkingFacilitate the meeting of GRI report writers and report users

�Networking events – OS�Seminars

�International conference delegation

�International exchange programs

Learning & development�Introductory workshops (1/2 day)�Webinars

�Sector Supplement briefings

�Certified training (w/ partners) (2 day)�Focus Groups

�Updates / briefings

Engagement & Advocacy�Government�Investors

�Industry

�NGOs�Supply chains

Thank you

To keep up to date on all things GRI,

drop me an email:

Victoria ColemanGlobal Reporting Initiativewww.globalreporting.org coleman@globalreporting.org

02 9909 5777