Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to...

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Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change Bob Willard, The New Sustainability Advantage Katie Schmitz Eulitt, SASB Mark Tulay, GISR Dermot Hikisch, B Lab Mike Wallace, Global Reporting Initiative Paul Herman, HIP Investor

Transcript of Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to...

Page 1: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change Bob Willard, The New Sustainability Advantage Katie Schmitz Eulitt, SASB Mark Tulay, GISR Dermot Hikisch, B Lab Mike Wallace, Global Reporting Initiative Paul Herman, HIP Investor

Page 2: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

[email protected] www.sustainabilityadvantage.com

INSTITUTING SUSTAINABILITY THROUGH NEW

METRICS AND REPORTING: COMMUNITY DIALOGUE ON ALIGNING TO

SUPPORT STANDARDS THAT SPEED CHANGE

Page 3: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

“Expect the Unexpected: Building business value in a changing world,” KPMG, 2012

Do providers of capital

care …?

… enough?

… yet?

Page 4: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

CAPITAL IS THE LIFEBLOOD

OF CAPITALISM

STOCK

EXCHANGES $

THE COMPANY

INVESTORS AND LENDERS

$

Page 5: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

CAPITAL MARKET

INFORMATION ECOSYSTEM

ASSURERS

RATERS RESEARCHERS

AGGREGATORS

THE COMPANY

Regulatory

filings

Voluntary

reporting

STOCK

EXCHANGES $

INVESTORS AND LENDERS

$

Based on GISR “Sustainability Information Value Chain” figure

Page 6: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

ESG RATING / REPORTING STANDARDS

GRI G4

Guidelines

IIRC Framework

ASSURERS

RATERS RESEARCHERS

AGGREGATORS

SASB

Standard

INCR

Listings

Standard

GISR

Ratings

Standard

THE COMPANY

Regulatory

filings

Voluntary

reporting

STOCK

EXCHANGES $

INVESTORS AND LENDERS

$

Page 7: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

CAPITAL IS THE LIFEBLOOD

OF CAPITALISM

STOCK

EXCHANGES $

THE COMPANY

INVESTORS AND LENDERS

$

ESG

Page 8: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

IMBEDDING ESG IN THE

EXECUTIVE MINDSET

RATERS

EXECUTIVE MINDSET / COMPANY CULTURE

Regulatory reporting

STOCK EXCHANGES

INVESTORS AND LENDERS

What interests capital markets fascinates executives.

Voluntary reporting

Interest

in ESG

Page 9: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

REPORTING IS THE “TRIM TAB”

ON THE CORPORATE RUDDER

What managers report shapes the way managers think.

Better reporting for better business.

Integrated reporting breeds integrated thinking.

To change the game, change the scorecard.

•! What gets reported gets measured.

•! What gets measured gets managed.

•! What gets managed gets imbedded in executive’s mindset.

Page 10: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change

[email protected] www.sustainabilityadvantage.com

INSTITUTING SUSTAINABILITY THROUGH NEW

METRICS AND REPORTING: COMMUNITY DIALOGUE ON ALIGNING TO

SUPPORT STANDARDS THAT SPEED CHANGE

Page 11: Instituting Sustainability through New Metrics and Reporting: Community Dialogue on Aligning to Support Standards that Speed Change