...working paper: No part of this publication may be republished, reprinted or reproduced in any form without the permission of the paper’s author(s). National Library of Australia. ISSN: 1837-6371 Factors Affecting the GRI Disclosures in the Annual Reports of Australian State Government Departments Abstract Purpose: Growing concern over the environmental impact of climate change and carbon tax has increased demand for public disclosure on how government departments are fulfilling their social and environmental obligations. The purpose of this study is to identify what factors influence Australian State government departments in their reporting of social and environmental information. The Global Reporting Initiative (GRI) Public Sector Supplement (2005) document is used as the globally accepted benchmark for sustainability reporting. Design Methodology: This study is based on a content analysis of fifty major state government departments 2010 annual reports The dependent variable is an aggregate of...
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...International Survey of Corporate Responsibility Reporting 2011 kpmg.com The Definitive Snapshot of CR Reporting Welcome to The KPMG International Survey of Corporate Responsibility Reporting 2011. We believe that this report represents the largest and most comprehensive survey of CR reporting trends ever published. Thirty-four hundred companies representing the national leaders from 34 countries around the world, including the largest 250 global companies based on the Fortune Global 500 ranking, were included in our research. Since we published our first report in 1993, KPMG’s International Survey of Corporate Responsibility Reporting has provided a definitive snapshot of the evolving state of CR reporting and continues to deliver unprecedented insight into national, global and industry reporting trends. This is the first in a series of three complementary reports. Future analysis will focus on the challenges related to water, supply chain and regulatory optimization. © 2011 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved. Contents Executive Summary KPMG Corporate Reporting Quadrants The State of Global Corporate Responsibility Reporting – Corporate Responsibility Reporting Comes of Age in 2011 Measuring the Markets – Corporate Responsibility Reporting at the Country Level Ranking Sectors –...
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...2. Global Reporting Initiative (Lecture 13, 11) Part A 1) Discuss in general the global reporting Initiative G4 Reporting Guidelines 2) In more detail, the social or environmental section of the Global Reporting Initiative (GRI) 3) Name at least a few of the social or environmental performance indicators that are listed Part B: (check Barrick Gold’s responsibility report; GRI index) 1) Briefly explain how Barrick complies with the social or environmental aspects of the GRI (Report: http://barrickresponsibility.com/media/1309/2013-full-report.pdf Professor provide report and index report) 2) Do you think it is possible to determine Barrick’s social or environmental performance based on its GRI reporting? Requirement: explain your position + make direct reference to at least four of the GRI performance indicators Soncur disclosure link: http://sustainability.suncor.com/2014/en/gri-content-index.aspx http://sustainability.suncor.com/2014/en/default.aspx 4. Royalties and the MFSP (Lecture 4, 8) Part A: 1) Explanation of the royalty calculation in the post-pay-out phase for an oil sands mine in the Province of Alberta under the Oil Sands Royalty Regulation, 2009; 2) At least one numerical example + discussion of its sensitivity to oil price and net revenue Part B: 1) Easily understandable numerical example of the financial security calculation from Alberta’s Mine Financial Security Program. 2) Discuss whether or not you feel that...
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...2015). 2. The company’s sustainability report follows Triple Bottom Line (TBL) and the goals also reflect the TBL. The TBL is a framework that integrates three performance dimensions including social, financial, and environmental (Slaper & Hall, 2015). The company classifies specific standard disclosures (aspects) into three performance dimensions, environmental, financial and social according to the TBL framework (Coca Cola, 2015). The report offers performance outcomes of its system’s progress towards accomplish strategic commitments and goals that have been made in social, financial and environmental areas. 3. However, the company conducted a materiality, which refers to the information in a sustainability report that covers indicators and topics that a company’s crucial economic, social, and environmental effects or that can significantly affect the stakeholders’ evaluations and assessments (Coca Cola, 2015). This is reflected in the report by considering economic, social, and environmental effects the company’s capacity to meet the present needs without compromising the future generations’ needs. 4. The company also follows the Global Reporting Initiative, which is a reporting framework “intended to serve as a generally accepted framework for reporting on an organization’s...
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...Sustainability Reporting on the Internet J. Emil Morhardt* Roberts Environmental Center, Claremont McKenna College, Claremont, CA, USA ABSTRACT All material related to environmental and social performance on the corporate internet sites of 454 Fortune Global 500 and Fortune 1000 companies in 25 industrial sectors was analyzed using the Pacific Sustainability Index. Maximum scores for individual sectors were 20–75 percent of the total possible, highest in the largest and most environmentally sensitive sectors and ranging generally linearly, as shown by plotting score versus rank, down to nearly zero in every sector. None of the variation in score is explained by corporate revenue in the Asian and European firms in this sample (revenues greater than about $9 billion), but there is a very weak correlation between score and revenue for American firms of this size, and a stronger one when Fortune 1000 companies (all American) with revenues smaller than this are included, suggesting that, as corporate size reaches a certain threshold, sustainability reporting becomes independent of it. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment. Received 18 November 2008; revised 26 April 2009; accepted 1 June 2009 Keywords: corporate environmental reporting; corporate environmental policy; corporate social reporting; corporate social policy; corporate internet reporting; sustainable development Introduction W ITH THE RISE IN INFLUENCE OF THE GLOBAL REPORTING INITIATIVE (GRI)...
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...Sustainability Reporting Guidelines & Oil and Gas Sector Supplement © 2000-2012 GRI Version 3.1/OGSS Final version The Oil and Gas Sector Supplement is based on the G3.1 Sustainability Reporting Guidelines © 2000-2012 GRI Version 3.1/OGSS Final version Oil and Gas Sector Supplement Sustainability Reporting Guidelines RG & OGSS Table of Contents Overview of the Guidance provided in this Document for the Oil and Gas Sector Human Rights Society Product Responsibility 43 47 52 Preface Sustainable Development and the Transparency Imperative General Reporting Notes Data Gathering Report Form and Frequency Assurance 10 Glossary of Terms Acknowledgments 12 12 13 14 54 54 55 56 58 Introduction Introductory Section for the Oil and Gas Sector Overview of Sustainability Reporting The Purpose of a Sustainability Report Orientation to the GRI Reporting Framework Orientation to the GRI Guidelines Applying the Guidelines Part 1 Defining Report Content, Quality, and Boundary Guidance for Defining Report Content Principles for Defining Report Content Principles for Defining Report Quality Guidance for Report Boundary Setting 16 17 22 26 Part 2 Standard Disclosures Strategy and Profile 1. Strategy and Analysis 2. Organizational Profile 3. Report Parameters 4. Governance, Commitments, and Engagement 5. Management Approach and Performance Indicators Economic Environmental Social: Labor Practices and Decent Work 40 29 29 30 30 31 33 34 36 ...
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......... P. 3 Evaluation - Reporting Quality Balance ........................................................................................................ P. 4 Comparability ............................................................................................ P. 5 Accuracy ..................................................................................................... P. 6 Timeliness ................................................................................................... P. 6 Reliability .................................................................................................... P. 7 Clarity ......................................................................................................... P. 8 Conclusion .................................................................................................... P. 9 Bibliography .............................................................................................. P. 10 Introduction Global Reporting Initiative (GRI) is provides the globally applicable guidelines to business organization that voluntary use to design and ensure the quality of their sustainability reports. GRI framework is helping the organization to measure and report the sustainability report’s three aspects that includes economics, environmental and social performance. This framework can be used in any size, industry or location. (G3 guideline, p2) Bel Group is a global brand which supplies different...
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...Key features of sustainability report 2 3.1 Completeness 2 3.2 Transparency 2 3.3 Comparability 2 4. Evaluation 3 4.1 Completeness 3 4.2 Transparency 3 4.3 Comparability 3 5. Conclusion 4 6. References 5 Executive summary Sustainability report is a kind of report which results from sustainable development, it aims at helping company to have a better long-term performance. Sustainability report is characterized by a range of information include environmental, social and governance. Sustainability report has a great impact on investment decision and company's financial performance. The motivation of company publish the sustainability report is the benefits which include more profit, reputation, and support from government and consumer. The key features of the sustainability report contain completeness, transparency and comparability. 1 Introduction With the growing demand for meaningful, timely and comparable data, sustainability report becomes more and more popular; almost every company will publish their sustainability report. Thus, stakeholders put more attention on the quality of sustainability report. This report will not only describe the motivation of company publish the sustainability report and its key features but also will evaluate the sustainability report in the industry mining and metals...
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...organization’s performance to enable a reasoned assessment of overall performance. BAL ANCE COMPAR ABILIT Y TIMELINESS Reporting occurs on a regular schedule and information is available in time for stakeholders to make informed decisions. CL ARIT Y Information should be made available in a manner that is understandable and accessible to stakeholders using the report. RELIABILIT Y XX01 Indicates content introduced in G3.1 Refer to the G3.1 Guidelines and Indicator Protocols for full details or to the Comparison Tables for an at-a -glance view of the extent of changes applied to G3.1 The reporting organization should identify its stakeholders and explain in the report how it has responded to their reasonable expectations and interests. SUSTAINABILIT Y CONTEX T MATERIALIT Y The information in a report should cover topics and Indicators that: • reflect the organization’s significant economic, environmental, and social impacts, or that • would substantively influence the assessments and decisions of stakeholders. The report should present the organization’s performance in the wider context of sustainability. Coverage of the material topics and Indicators and definition of the report boundary should be sufficient to reflect significant economic, environmental, and social impacts and enable stakeholders to assess the reporting organization’s performance in the reporting period. CO M P L E T E N E S S Issues and information should be selected, compiled, and reported consistently...
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...This report explores the relationship between system oriented theories, sustainability issues and disclosures made by Orica Limited in their 2013 Sustainability Report (“Orica 2013”). The review is based on the system oriented theories covering Stakeholder Theory, Legitimacy Theory and Institutional Theory. On the basis of this assessment, recommendations are made for future approaches to Orica’s Sustainability Reporting. The 2013 Sustainability Report by Orica provided benefit to stakeholders. Orica’s key sustainability challenges and opportunities focus on: refining the customer value proposition, developing people capability and competence, driving common systems and processes, developing performance metrics and targets, reviewing manufacturing reliability and integrity, extending the mining service offering and securing low cost and capital efficient supply (Orica 2013). These areas are constantly being enhanced and some current initiatives are the Seven Pillar training program to ensure all employees have an understanding of Orica’s vision, value and strategies, development of stakeholder plans at key sites to provide a consistent approach to management, implementing Environmental Management Plans (EMPs) to identify key environmental risks, controls and impacts, and Project Sustain which identifies initiatives under Orica’s Safety, Health, Environment and Community (SHEC) (Orica 2013). The disclosures made by Orica can be assessed using system oriented theories. Deegan...
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...Green Banking GREEN BANKING 1. Title : Green Banking 2. Duration : 04 working days 3. Frequency : 01 4. Nature : Residential 5. Target Group : Principal Officer or Equivalent Officer and above 6. Methods : Lecture, Group Discussion, Case Study and Project Visit 7. Resource Person : BIBM Faculty and Professionals from Financial and other Institutions 8. Objectives a. To discuss/analyze concepts, policies, rules, regulations, instruments and administrative framework related to Green Banking. b. To familiarize the participants with the involvement of banks and other organizations for developing relevant skills. c. To discuss the problems and potentials of introducing Green Banking in banks in Bangladesh. 9. Contents a. Concept, Evolution, Functions, Benefits, Policies, Regulations, Types, Environmental Issues, Local, National, Private and Global Initiatives and Participation, CSR and Green Banking. b. International Conventions, Treaties, Guidelines and Standards, Kyoto Protocol and Climate Change, Equator Principles (EPs), UN Principles for Responsible Investment (UNPRI), UN Global Compact, UNEP Finance Initiative Statements, etc. c. Policy and Regulatory Environment for Green Banking in Bangladesh, BB Policy Guidelines for Green Banking, Environmental Risk Management Guideline of BB. d. In-house Environment Management in Banks, Online Banking and Green Banking, Energy Efficiency, Paper Saving, Water Saving, Waste Management in Banks. e. Product Ecology, Green Financing...
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...Table of contents Executive summary 1 1. Introduction 2. Definition of sustainability report 3. Motivation of sustainability report 3.1 External driver 3.2 Brand value 3.3 Governance 4. Key features 4.1 Materiality 4.2 Transparency 4.3 Assurance 5. Evaluation 5.1 Materiality 5.2 Transparency 5.3 Assurance 6. Conclusion 7.References Executive Summary Sustainability report aims to describe companies’ environmental, economic and social representation and connect with impact on the world around it. It is always written by professors or leaders who are working in international companies and published by professional and known organizations. The information is collected from internet and Lend Lease’s sustainability report. The Sustainability report affect widely, especially in economy and environment and also essential to people’s outlook. The cause of publishing sustainability report identify main factors motivating publish sustainability report such as external and internal drivers, governance, and investors. The key features of sustainability report are materiality, transparence and assure. Introduction Due to the population has a great increase, our resource expend in a high speed; however, a number of people want to have high quality lifestyle, our environment faces serious situation. These kinds of behaviors are negative for our environment, and the unsustainable vista has...
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...Sustainability reporting expanded rapidly these years (1, 1) and has become the mainstream in global organisations (2, 2). Moreover, ‘in Europe, more and more individual countries make sustainability reporting mandatory’ (2,2). Especially, it legislation exists in some of the company categories for example Finland, Sweden, Belgium, the Netherlands and Germany (2,2. Delbard, 2008). Indeed, some of scholars also ‘introduced requirements on sustainability reports for public corporations’ for instance Denmark? Anonymous (2009) (2,2). More importantly, sustainability reporting do not have a single globally accepted definition and format to follow (2,2). Although sustainability reports are very important for corporations, there is only a little analysis for these reports. Also it has very large gaps in disclose most of areas in all industries (1, 1). For example, lack of clear policies, lack of targets for performance and lack of performance discussion (1, 1). Furthermore, sustainability reporting is unsustainable in quality (1,1) and it lack of trust in businesses (2,2). Therefore, it is necessary to improve corporate governance, transparency and accountability (2,2). ‘In addition, there is also increased pressure from governmental organisations or agencies (UN, PECD, EU, etc.) for corporations to look at and observe their triple bottom line (Boyd, 2009)’. In conclusion, provide high quality sustainability reports is the major issue. It seems important that how sustainability reporting to be...
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...Class 10, 13902235 BABC Assessment 1:Source review In the article ‘Integrated and GRI Reporting’, NACD (2013) examines two effective ways of GRI and integrated reporting frameworks to disclose sustainability performance, which enable companies to focus on the creation of value over the long term. The article is relevant to the main drivers associated with sustainability reporting. Nevertheless, its relevant is limited to considering the key features of an effective sustainability report. In addition, the author dose not provides sufficient details to explain, develop, and support his position, which is related to six main categories. Despite such limitations, generally it is a relative objective source, which is appropriate for an academic business context. The article is partially relevant to the assessment task, which analyze the motivations that lead companies to engage in Global Reporting initiative (GRI) reporting. NACD (2013) points out existing regulations and related rules such as the conflict minerals already require some disclosure of sustainability information indicating how key business processes are performing. However, the paper contains Principles in order to ensure the quality of reported information NACD (2013), which is not clearly related to the key elements of an effective sustainability report. While the authors focus on the main drivers associated with sustainability reporting is relevant to the assessment task, it is also a limitation of the source because the...
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...Sustainability reporting * GRI Framework * S’pore Airlines & Capitaland to use GRI * Most Companies use GRI * Recommend for improvement * Should not commenting on “using other activity”, reduce fuel price” * Look @ quality of report and reporting process * Ask ourselves and benchmark what is quality of report Make reference to SGX Report print out * Look @ page 4 & page 5 on sustainability questions to use for coursework. * Page 4, potential risk * Not enough words for definition such as page 1 * Are there chart graphs of future? * Is company honest and transparent? * Is there a 2-way communication between stakeholders? * Be more critical and evaluate. * For e.g; being critical. If S’pore Airlines missed a point, recommend it. Do not critic activities. * Yes, a sustainability report should be audited. This would add points to assignment. * Do you want your stakeholders to believe report? Yes, get it audited say, “Yes, it has been reviewed.” * Do not describe activities. Do not describe what is sustainability. * Write all good things * Not everything is good. It would be good to be honest and highlight the negative. * For e.g; “ This report is good, because it also highlights the negative. It engages stakeholders. * Look @ GRI – Global reporting initiative Go to website as a guideline. Look @ content page > Search google on GRI > go to “G4 sustainability reporting > download...
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