Tag Archives | GRI

Global Stewardship at Work: CalSTRS

Global Stewardship at Work report Issued by CalSTRS

Global Stewardship at Work report Issued by CalSTRS

The Global Stewardship at Work report, its 2015—16 sustainability report. was released by the California State Teachers’ Retirement System (CalSTRS). This is the third year the system published the report, which is based on the Global Reporting Initiative G4 Guidelines.

In 2015, CalSTRS became the first U.S. public pension plan to issue a sustainability report that met the GRI guidelines. And this year, CalSTRS continues to report sustainability-focused disclosures that adhere to the GRI performance metrics. The Global Stewardship at Work report also features detailed reporting of material topics that were prioritized based on feedback from stakeholder surveys, including responses from CalSTRS members, employees, special interest groups, and industry/business partners. Continue Reading →

Continue Reading ·

Report from CII Winter Meeting: ESG

CIIEven in Washington, the numbers are impressive. The Council of Institutional Investors, who met in Washington DC this week, represents 23 trillion (with a t) dollars, mostly made up of retirement and other savings of working families. Compare that to the entire budget of the US government, less than two trillion a year. Like most industry group meetings in Washington, this one had presentations on what to expect from Congress and the regulatory agencies and how millennials will change the way the members do business, plus snack breaks and wireless sponsored by firms trying to sell products and services to the attendees. But the a two and a half day session featured repeated agenda topics on climate change and what are called ESG issues, suggesting that pension funds may step in where governments have failed. Continue Reading →

Continue Reading ·

Boardroom Issues of the Future

Boardroom Issues of the Future

Boardroom Issues of the Future

Boardroom Issues of the Future is Part 2 of my coverage of Directors Forum 2017 in San Diego, which was billed as Directors, Management, & Shareholders in Dialogue. I was also hoping to learn more about President Donald J. Trump and how his administration might impact corporate governance. See Part I. As usual, the Directors Forum was under Chatham House Rule, so I’m mostly just posting a few observations that were interesting to me. Sorry for the poor photo quality. I find it difficult to get good color in front of a lighted screen. Photos from the professional photographer at Directors Forum 2017 Photo Slide Show. Continue Reading →

Continue Reading ·

Directors Forum 2014: Morning Sessions

Kroc-School-of-Peace-and-Justice-University-of-San-DiegoBelow are some notes I took during the morning sessions at the Corporate Directors Forum 2014, held on the beautiful campus of the University of San Diego, January 26-28, 2014. This year, I was only able to attend on January 27th. The program was subject to the Chatham House Rule, so there will be little in the way of attribution below but I hope to provide some sense of the discussion. Continue Reading →

Continue Reading ·

My Notes from Ceres Conference 2013

Let’s just label these notes as “for entertainment purposes only.” Attending the conference was a real pleasure. Unfortunately, I was too busy catching up with people to take more than impressionistic notes at a few of the discussions. Prepare to be frightened about global climate change and our irresponsibly slow pace addressing the catastrophic consequences we are already beginning to see all around us. Save April 30 and May 1 for Ceres Conference 2014 in Boston. Continue Reading →

Continue Reading ·

Help in Achieving CSR & Sustainability Awards and Recognition

Governance & Accountability Institute (G&A), a strategies and consulting firm focusing on Sustainability and 3BL Media, the leading distributor of Corporate Social Responsibility, Sustainability, Health, and Energy news and content, announced G&A Institute’s Awards & Recognition Program yesterday.

G&A Institute inaugurated its Awards & Recognitions program to assist client companies in navigating the increasing number of leadership awards and recognitions now available for corporate sustainability and responsibility leaders. Continue Reading →

Continue Reading ·

Most S&P 500 Companies Now Reporting on ESG Issues

(Reuters, 18 December 2012) The number of S&P 500 and Fortune 500 companies managing and reporting performance on environmental, social and governance (ESG) issues more than doubled from 2010 to 2011, according to an analysis by Governance & Accountability Institute.

G&A Institute, the data partner for the Global Reporting Initiative (GRI) in the US, UK and Ireland, says in last year’s report, 19 percent of the S&P 500 reported. In the 2012 report, the number jumped to 53 percent. Continue Reading →

Continue Reading ·

Financial Sustainability: Restoring Market Stability, Corporate Value & Public Trust (ICGN Mid-Year 2010)

Disclaimer: Given Dodd-Frank, proxy plumbing and all those comments I want to provide the SEC, the report below doesn’t do the ICGN Mid-Year Conference justice.  I wrote this up more than a week later with poor notes and memory. Comments, corrections and substitute photos are solicited.

Sharing Perspectives Across the Atlantic. Phil Angelides, Lord McFall and moderated by David Pitt-Watson.

The Financial Crisis Inquiry Commission will report in December to give an unbiased historical accounting of the causes of financial crisis. It will be out in book form but will also be available through download.

Phil Angelides

$11 trillion in wealth was wiped away. The market took until 1954 to get back to the levels of 1929. Let’s hope this one doesn’t take as long but, more importantly will we learn the lessons necessary to prevent or minimizes future bubbles?

It was a failure of accounting and deregulation. Too many were rewarded based on volume not on performance and their was no continuity in risk (they thought) after all the slicing, dicing and creative complexity.

Lord McFall

Rewards can’t be asymmetric and function properly. This was not a natural storm; the clouds were seeded. Signs were there, such as a 2004 warning from the FBI about a housing fraud epidemic, but they were glossed over. Now, our remaining investment banks are largely trading banks, not focused on generating capital but on gaming the markets. The betting market is much larger than the real economy… with more than 85% of transactions being synthetic.

Dodd-Frank requires the investment banks to hold 5% of the securities they sell but I’m not sure what good that does since that portion of their business is now minor. We need to rethink the role of finance in our economy. Continue Reading →

Continue Reading ·

GRI Conference Report

On the eve of Memorial Day weekend, here is some relevant reading from Marcy Murninghan.  As many of you know, the GRI just completed its biennial conference, and by all accounts, it was magnificent.  Some highlights:

  • During the Opening Plenary, GRI’s Chief Executive Ernst Ligteringen outlined two goals for the next decade. Firstly, GRI proposes that environmental, social, and governance (ESG) reporting should become a general practice to help markets and society take informed and responsible decisions. GRI advocates that by 2015 all large and medium-sized companies in OECD countries and fast-growing emerging economies should be required to report publicly on their ESG performance, or if they don’t, explain why.
  • Secondly, GRI proposes that ESG reporting and financial reporting need to converge over the coming decade. GRI advocates that a standard for integrated reporting should be defined, tested and adopted by 2020. GRI is working with leading global organizations in financial markets, accounting, corporate responsibility, ESG reporting, and civil society to establish the International Integrated Reporting Committee. The committee’s purpose is to promote integrated reporting, and to facilitate and coordinate collaboration between key institutions to develop an integrated reporting standard.
  • On Wednesday, the public comment period has opened for thematic revisions to three content areas – Community, Gender, and Human Rights – and will continue through 23rd August.  These revisions will make GRI’s current G3 Guidelines more relevant, transparent, and specific, without adding extra complexity to the reporting process. The G3.1 revisions are available for public comment for 90 days.  The recommendations have been developed by three different international multi-stakeholder Working Groups with representatives from a range of organizations and a diverse number of geographies including among others Australia, Brazil, Chile, Denmark, India, Mongolia, South Africa, the UK, and the USA. Sustainability reporting practitioners and their stakeholders are encouraged to provide feedback on the G3.1 content proposals via an online public survey.
  • On Tuesday, the United Nations Environmental Program (UNEP), KPMG Sustainability, the University of Stellenbosch Business School (USB) and The Global Reporting Initiative (GRI) launched “Carrots and Sticks – Promoting Transparency and Sustainability,” a study on trends in voluntary and mandatory approaches to sustainability reporting. This research reveals that the regulatory landscape has substantially evolved in all parts of the world. The study Carrots and Sticks – Promoting Transparency and Sustainability investigates the latest developments in sustainability reporting and ESG (environmental, social and governance) disclosure in the regulatory field. It is the latest edition of a study initially published in 2006 to provide readers with an easy reference and overview of mandatory and voluntary approaches to sustainability reporting and assurance throughout the world. A co-production of UNEP, KPMG Sustainability, USB, and GRI, the study covers the majority of OECD countries (Organization for Economic Co-operation and Development) as well as emerging market countries such as Brazil, China, India and South Africa.
  • Today, the GRI and the UN Global Compact announced its new agreement to work together to advance the cause of sustainability and transparency.  Under the terms of the agreement, GRI will develop guidance regarding the Global Compact’s ten principles and issue areas to integrate centrally in a next iteration of its Sustainability Reporting Guidelines, a comprehensive framework developed to facilitate transparency and accountability for businesses and other organizations seeking to disclose their environmental and social performance. At the same time, the Global Compact will adopt the GRI Guidelines as the recommended reporting framework for the more than 5800 businesses that have joined the world’s largest corporate responsibility platform;
  • Brazilian companies swept all the Readers’ Choice Award categories, setting a high bar for the rest of the world to follow.  Congratulations to Banco do Brasil, Banco Bradesco, Vale and Natura Cosmeticos!
  • Throughout the Conference, the topic of integrated reporting predominated, as well as the use of interactive tools and social media, the ways in which XBRL technology might be linked to sustainability reporting.  These topics were featured on a number of panels and plenary sessions.  Our friends Bob Eccles and Mike Kruz were speakers, as were other members of COST US, including Ernst Ligteringen, Sean Gilbert, Mike Wallace, Aron Cramer, Laura Berry, Adam Kanzer, Peter DeSimone, Paul Freundlich, Bill Baue, and, of course, GRI co-founders Allen White and Bob Massie.  (Apologies to anyone I overlooked!)
  • Speaking of panels, on Thursday Bill Baue moderated and Laura Berry participated in a panel discussion of the use of interactive tools for stakeholder engagement.  This also was the occasion when the Harvard CSR Initiative report on The Accountability Web: Weaving Corporate Accountability and Interactive Technology was launched, which Bill and I have been working on since last July.  You can download the full report and an executive summary on the CSR Initiative website.  Special thanks to Jane Nelson, Caroline Rees, Shannon Murphy, and Bob Massie for enabling us to do this work, and helping assure it’s the best it can be!
  • Speaking of interactive technology, the Conference was covered by a number of people who used social media to provide an ongoing chronicle of events and opinion.  In the Twittersphere, at least 19 people used hashtags to report, primarily #GRIConference.  Take a look and drill deeper by following some of the individual posts for a fuller picture.  Blogs, too, provided recaps of each day, and links to other sites. This aspect of the conference experience is the tip of the virtual iceburg, as there are many ways in which digital tools can be used to extend the momentum generated, beyond the conference time-frame.  This is something my colleagues and I are working on, so stay tuned!

Marcy Murninghan was associate at the CSR Initiative at the Kennedy School’s Mossavar-Rahmani Center for Business and Government when she and Bill Baue completed the study mentioned above.  She’s currently joining with colleagues to form a consultancy, The Transition Group, to help leaders and organizations make the transition to a sustainable and just society.

Continue Reading ·

April 2009 Special News Supplement: Ceres 2009

I hadn’t been to a Ceres conference in far too long. This national network of investors, companies, environmental organizations and other public interest groups working to address sustainability challenges such as global climate change is celebrating its 20th anniversary. While most continue using a model of unsustainable growth, Ceres members push forward. Just a few of many accomplishments: Continue Reading →

Continue Reading ·

Powered by WordPress. Designed by WooThemes