N a n o M u s c l e , I nc Con f iden t i a l

Global Reporting Initiative

Teresa Fogelberg:Associate Directorfogelberg@globalreporting.org

14.10.04

Setting the Standard for Sustainability Reporting

GRI en de Zevenmijlslaarzen

Er was eens.......Er was eens.......

2

GRI sector supplements

GRI sector supplements

GRI technical protocols

GRI technical protocols

GRI resource documents

GRI resource documents

in support

if available

all organisations

00

200200

400400

600600

800800

10001000

19981998 19991999 20002000 20012001 20022002 20032003 20042004 20052005

ZwaanZwaan kleefkleef aanaan…..…..ZwaanZwaan kleefkleef aanaan…..…..

600+

Nederlandse GRI reporters Nederlandse GRI reporters

§ ABN AMRO§ AVEBE§ Corus Staal § Crown Van Gelder§ DSM § Heineken International § HEMA § ING Groep § KLM Royal Dutch Airlines § KPN § Niza - Nederlands Instituut

voor § Zuidelijk Afrika§ Nuon Energy § Nutreco Holding

§ Oce§ Provimi§ Rabobank Groep§ Royal Philips Electronics §

Schiphol Group § Shell International § Stora Enso Berhuizer Mill§ Triodos Bank§ VBDO§ Zuiveringsschap Eilanden

en Waarden

Loten van GRI GuidelinesLoten van GRI Guidelines

NGOs / Foundations

IT

Food and RetailLogistics and TransportationTour Operators

Oil and GasPublic AgenciesFinancial Services (Social)

Electricity UtilitiesMining and MetalsTelecommunications

ApparelFinancial Services (Environement)

Automotive

PipelineUnderwayPilot and Board Review

..En nieuwe gebruikers…..En nieuwe gebruikers…

Publieke Instanties

Ontwikkelingslanden

Financiele wereld...(NGO’s en Stichtingen)

Global CompactToeleveranciers

OESO MNEMKB

HarmonisatieNieuwe gebruikers

SRI declaratie 7 oktober 2004SRI declaratie 7 oktober 2004

“ ”SIGNATORIES – $30 billion:Boston Common Asset Management, LLC - Calvert Group - Christian Brothers Investment Services - Citizens Advisers Inc. - DominiSocial Investments - Dreyfus Premier Third Century Fund, Inc. / Dreyfus Socially Responsible Growth Fund, Inc. - Ethical Funds -Green Century Funds - ISIS Asset Management - Mennonite Mutual Aid - Neuberger Berman Socially Responsive Investing - Real Assets - Trillium Asset Management Corporation - Pax World Funds - The Pension Boards - UCC United Church Foundation - Progressive Asset Management, Inc. - Walden Asset Management, a division of Boston Trust & Investment Management

SUPPORTING ORGANIZATIONS: Coalition for Environmentally Responsible

Economies (CERES) - Innovest Strategic Value Advisors, Inc.

- Interfaith Center on Corporate Responsibility (ICCR)

- Investor Research Responsibility Center, Inc. (IRRC) - KLD Research & Analytics, Inc. - Jantzi

Research Inc.

…a company’s GRI report should be the first place investors and

research institutions consult for information…

Influence on investment and purchase decisionsInfluence on investment and purchase decisions

17%

22%

33%

35%

35%

36%

46%

10%AA1000

Ethical TradingInitiative, and SA8000

OECD Guidelines forMNE’s

Global Compact

WBCSD

ILO Conventions

GRI

ISO 14000

Wat het oplevertWat het oplevert

0.860.860.950.95

00

0.20.2

0.40.4

0.60.6

0.80.8

11

GRI Reporters S&P 1200 'non-reporters'

Share Price Volatility Operating Profit Margin

3.413.41

1.251.25

00

11

22

33

44

GRI Indexers S&P 1200 'non-reporters

Source: Lintstock and Imagination, “Added Values”, 2004

Droom……Droom……

sustainability reporting will become as routine as financial reporting

Tussen droom en daad..Tussen droom en daad..

Wanted better reports:§ Performance results

§ Transparency

§ Materiality

§ Comparability

§ Auditability

Wanted better reporting:§ Baseline data for markets

§ Reduce questionnaire fatigue

§ Streamlined process

§ Lower costa level of standardizationstandardizationis needed for every solution

De G3 UitdagingDe G3 Uitdaging

GRI is the only one poised to develop a standard. They alone

have the process and credibility in place to become the

international standard for sustainability reporting but they have

to nail the next version of the guidelines.

“

[ ]

”User Intelligence Interviewee

GRI ReporterAugust, 2004

G3 Sustainability reporting standardG3 Sustainability reporting standard

G3 Innovations: Outcome:Indicator development (e.g.: social, human rights, labor)ComparabilityAuditability/AssuranceMore Performance-based guidelinesBoundaries guidanceTiered levels

Engagement guidance

Principles guidance

Materiality test

Fit with principal global CSR standards

Utility for financial community

Fit with assurance standards

Clarity and purpose

Reporting process

Relationships and harmonization

Wat levert G3?Wat levert G3?

§ technological innovations:§ XML / XBRL tagging§ Disseminated in digital format§ A public standard for direct use§ Proprietary services can build on further value

added § report registration§ educational programs§ accreditation (tbc)

For Stakeholders, by StakeholdersFor Stakeholders, by Stakeholders

§ Trust = value

§ Involving: business, investors, labor, civil society, accounting

§ Public good

Organizational Stakeholders (Nederland)Organizational Stakeholders (Nederland)

§ ABN AMRO Bank§ DHV Sustainability

Advisory Group § Eco Systems § Good Company § Heineken International § Humanist Committee on

Human Rights (HOM) § ING Groep § KPMG§ Nuon§ Oake Communications

lPhilips International

lRabobank Groep

lShell International

lStandaert Financieel Advies

lTPG

lTranspaRAbility

lTriodos Bank

lTriple Value Strategy Consulting

lVBDO

lDeloitte Touche (International)

lPricewaterhouseCoopers

SamenvattingSamenvatting

Naar een standaard:§ Voor verslagleggers§ Voor investeerders en andere

stakeholders§ Voor stakeholders, van stakeholders§ For all to use, for all to benefit

?

En ze leefden nog lang en gelukkig?En ze leefden nog lang en gelukkig?

G3 needs:§ Participants for working

groups§ Investors in the project§ A strong membership base

Join, Take Part, Invest

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