Sustainability reporting update

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16 Jun 2015

A brief overview of recent sustainability reporting developments at the Global Reporting Initiative (GRI), the Climate Disclosure Standards Board (CDSB) and the International Integrated Reporting Council (IIRC).

GRI has unveiled plans to expand its scope to catalyse the next era of sustainability reporting. These plans include a focus on four strategic priorities as well as a new brand to support this strategy. The strategic priorities are: enabling smart policy, more reporters and better reporting, moving beyond report, and innovation and collaboration. More information is available in the press release and the strategy document Empowering Sustainable Decisions on the GRI website.

GRI has also released a study providing insights into how different stakeholder groups are using sustainability data. Various ways in which data is being used to drive behavior change and its impacts are outlined in the report. It also features case studies on the challenges and future potential of using sustainability data. The study concludes with recommendations for reporting organisations, governments, report users, and GRI itself. Please click to access the press release and the study Informing Decisions, Driving Change on the GRI website.

The CDSB has published a framework setting out an approach to reporting environmental information and natural capital in mainstream reports. CDSB hopes to encourage analysis and decision-making by investors that recognise the dependence and impacts of economic and financial stability on natural capital. The objectives of the framework are to help companies to provide clear, concise and consistent information to investors that connects the organisation's environmental performance with its overall strategy, performance and prospects, to enable and encourage investor decision making on the allocation of financial capital to activity that supports environmental protection, and to add value to an organisation's existing mainstream report, in a way that minimises the reporting burden and simplifies the reporting process. A press release and the framework are available on the CDSB website. The framework will be introduced in a webinar on 22 and 24 September 2015.

The CDSB and the IIRC have signed a joint statement of collaboration. Both organisations believe that climate change and the protection of natural capital are core issues for business and that relevant disclosures about both can provide valuable insight into corporate performance as part of an organisation's mainstream reporting. The CDSB and the IIRC acknowledge the complementarity of their respective roles, on the basis that reporting corporate dependencies and impacts on natural capital is integral to integrated reporting and a key pillar on which integrated reporting is based. Please click to access the press release on the CDSB website.

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