TBL Communication - Journey

8/7/2019 TBL Communication - Journey

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Triple Bottom Line (TBL)

and

Communicating / Reporting TBL Performance

Insight Associates

www.insightassociate.com
http://www.insightassociate.com/http://www.insightassociate.com/


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About Triple Bottom Line (TBL)

TBL is about performance across three bottom lines: People,

Planet, Profits

It is also referred to as Sustainability or ESG (Environmental,

Social, Governance) performance

Most commonly accepted definition of sustainability:

Development that meets the needs of the present without

compromising the ability of future generations to meet their

own needs.

Brundtland Commission


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About Triple Bottom Line (TBL)

Triple Bottom Line performance is being recognized asthe most evolved paradigm for doing and growingbusiness.

There are three key dimensions to it

Understanding the ideology , performance andpractice of TBL

Leveraging it as Strategy

Communicating TBL performance to stakeholders

Significance of these three dimensions is huge.


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Significance of TBL performance

TBL performance is seen as the true mark of a responsible Company .

Increasingly being expected from all key stakeholders:investors, Governments, consumers, NGOs etc.

Being proven to show pay-offs.

Recognized as the pre-requisite paradigm for a TomorrowsCompany.

Investors and banks are peering into Non-financialperformance (ESG issues) like never before

Not performing on TBL is proven to lead to risks of variouskinds.

Increasingly Governments are supporting TBL practices asSustainable Development concerns take centre stage.


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TBL / Sustainability Reporting

Definition

Triple Bottom Line reporting is accounting for

environmental, social and economic performance.

Internal External


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Current status on TBL Reporting

Triple Bottom Line Reporting is Voluntary

Financial Reporting is a statutory requirement

Environmental reporting - Required under someenvironmental regulations


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Defining TBL Reporting

TBL is practiced by managing environmental, social and economic

impacts

TBL Reporting is aboutestablishing a common language.

Profit

People

Planet

SYNERGY


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What is common language?

The three pre-requisites for companies to be future-ready

and to create intergenerational value

Transparency,

Accountability Inclusiveness

What cant be managed, cannot be measured

What cant be measured, cannot be improved


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Areas of focus

Economy

Jobs, Prosperity,Wealth creation

Environment

Natural ResourcesBiodiversity

Society

SocialEquity

Sense ofcommunity Healthy

Ecosystems

Thriving

LocalEconomy

SUSTAINABLEDEVELOPMENT


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TBL Terms

Triple Bottom Line

CorporateResponsibility

CitizenshipReportsCorporate

SocialResponsibility

EMS

Accountability

Environmental,Social andEconomic

Stewardship Community

Reports


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How is TBL performance Reported?

Document: Hard copy, PDF

Stand alone single document

Integrated into financial annual report

Stand alone multiple documents

On-line

Pamphlets

Internally management structure

Other Communications (media, ads, etc)


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TBL reporting process

Integration Triple bottom line

Relevance

- Stakeholders internal and external- Qualitative, quantitative and graphics

Interconnectedness

Holistic, Interdependent and Cyclic

Sustainability of natural, social and economicsystems


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Background of TBL Reporting

KPMG International Survey of Corporate Responsibility Reporting

2008

79% of Global Fortune 250

74 of 100 top revenue producing companies in 22 countries

Ethics & Economics are the drivers

77% of reporting companies use GRI International Survey of Corporate Responsibility Reporting 2005

52% of Global Fortune 500

Economics is the primary driver

Industries in which reporting trend is up: Chemicals, Mining, Oil, Gas, Forestry, Pulp and Paper, Utilities and

Finance where Equator Principles apply.


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Background of TBL Reporting

Industries showing changes Service industries supply chain (more medium and small

companies are reporting).

142 countries have standards or laws regarding some

aspect of sustainability reporting 65% are mandatory

34% are voluntary India being one.


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Short History of TBL Reporting

1962

SilentSpring

NationalEnvironmentalProtection Act

1970

EMSSystems& EnvRegs

19921983

Brundtland RioDeclaration

1989

ExxonValdez

GRI

1997

KyotoProtocol

2005

KatrinaInconvenientTruth, IPCC 4

2006

AB-32: CAGlobalWarmingSolutions Act

2000

Enron

2002

SOX


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2008

Climate Actionand Green Jobs(HB 2815)

2010

RGGI comesinto effect

American Clean Energy and Security Act (H.R.2454) Passed in House Jun 26, 2009 Senate?

Cap & Trade, 17-percent emissions reductionfrom 2005 levels by 2020, 80% by 2050, Electricutilities- Renewable energy portfolio 20% by 2020.

EPA to regulate GHG emissions from lightvehicles

2009


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2008 2010

Sweden- Swedish Annual Accounts Act,

Accounting Modernization Directive 2003/51/ECAmendment in 2007: state-owned companies topresent, from 2009, sustainability reports,independent & in accordance with GRI

2007

France- NouvellesRgulations Economique

Australia Environment Protection and BiodiversityConservation Act 1999, S516A - AustralianGovernment agencies report on their

sustainability performance as part of AnnualReports.

2001 2003

Denmark Financial Statement Act. Largecompanies must disclose corporate socialresponsibility

SEC guidance on climate change

risk disclosure

ISO 26000 to be released

Watch- - Africa &

South America


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Frameworks for TBL Reporting

Global Reporting Initiative (GRI) ISO 26000

SRI Indices (Socially Responsible Index)

Principles for Global Corporate Responsibility:

Bench Marks for Measuring Business Performance FTSE4Good (Financial Times Stock Exchange)

Dow Jones Sustainability World Index (DJSI World)

Agenda 21

SA8000 standard

AA1000 AccountAbility Principles Standard (AA1000APS),

Seven Generations Sustainability

Others


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Global Reporting Initiative (GRI)

Environment

Labor Practices

Human Rights

Social

Product

Responsibility

Economic

Basic

Sustainability

Framework


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Environmental

TBL Reporting Subject area (GRI way)

Economic

Financial PerformanceProduct ResponsibilityConsumer Issues

Community Development Communication

MaterialsWaste and RecycleBiodiversity

GovernanceFair Operating ProceduresLabor PracticesHuman Rights

Integration

EnergyEmissionsWater

Social


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TBL Reporting Subject Area (GRI way)

Sector Supplements

Public Agency

Transportation

Financial Services

Logistics and Transportation

Mining and Metals

Tour Operators

Telecommunications

Automotive

Air Ports

Apparel

Food Processors

NGOs Construction and

Real Estate

Electric Utilities

Events

Oil & Gas

-Growing list
http://www.globalreporting.org/NR/rdonlyres/70611BE2-F097-4550-AEC7-D93B1A858D49/0/AutomotiveSectorSupplementPilot.pdfhttp://www.globalreporting.org/NR/rdonlyres/7276597E-65A1-47F3-A5B3-3BEB745A8B34/0/SS_Telecommunications_ENG.pdfhttp://www.globalreporting.org/NR/rdonlyres/A4FE86BB-8627-4262-974B-47CC292C1D25/0/SS_TourOperators_ENG.pdfhttp://www.globalreporting.org/NR/rdonlyres/541615B9-9392-448F-AD2A-53C38F2524DF/0/SS_LogisticsTransportation_ENG.pdf


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GRI provides a set of guidelines for reporting

GRI provides guidelines

GRI does not provide information about

How to operate

How to manage

Goals to set

GRI is aligned with the UN Global Compact principles

Over 5 000 business participants

50% are companies with over 250 employees.

Many SRI indices are based on GRI


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TBL example GRI accord

Issues:

Resources to produce the report

Feature reports

Managing what is measured

Integration

Reporting

Operating

Commitment

Allocation of Resources

Measure progress


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GRI Principles for Reporting

Content

Materiality

Stakeholder Inclusiveness

Sustainability Context

Completeness

Quality

Balance

Comparability

Accuracy

Timeliness

Clarity

Reliability


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How Insight Associates partners with Companys TBL

Journey?

Workshops: To help orient and sensitize different levels of theorganization towards

Triple Bottom Line Sustainability Performance and

TBL communication.

Training Programs: To empower the organization to gather theknowledge and skills required to

Strategise, implement and integrate TBL performance

Implement the process of communicating TBL performance ( GRI-certified

training is a part of this training programs.)

Advisory& Consulting: To help organizations in actualimplementation of TBL performance and communication process,

leveraging strategic benefits out of it.


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Our Advisory & Consulting Services

Policy to Payoffs:

Designing/refining TBL policy

Strategy formulation

Implementing and integrating TBL performance Measurement of TBL performance

Implementing TBL reporting process

Adopting GRI G3 framework

Extending from GRI G3

Stakeholder engagement


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Our services add value

By empowering companies with Orientation

Capacity

Effective action on TBL performance

By enabling them to leverage the performance further

through TBL communication

Our Certification

We are certified by GRI as their Certified-Training Partners

in India Our team is trained by GRI (HQ )at Netherlands

Our GRI training programmes are supervised by GRI for

quality.

Recognized by GRI as Leader in Providing GRI Training


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Resources:

www.sustainablemeasures.com

www.globalreporting.org

www.insightassociate.com

Hollender, Jeffrey Profits with Purpose: Seventh Generation

http://www.un.org/esa/dsd/agenda21/

www.kpmg.com/.../Corporate-responsibility-survey-200810

http://www.ftse.com/tech_notices/2009/Q2/27438_20090611_FTSE4Good

June_2009.jsp

www.rggi.org

www.accountability.org

www.sas.com

Corporate Social Responsibility ISBN 987-87-7681-451-1


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Thank You

www.Insightassociate.com

[email protected]

+91 98240 54696
http://www.insightassociate.com/mailto:[email protected]:[email protected]://www.insightassociate.com/

TBL Communication - Journey

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