Global Reporting Initiative press release
Under STRICT embargo until:
Thursday 15 December 2011
Sustainability reporting enters a new phase, say experts
Reporting corporate economic, environmental and social performance is entering a new phase, moving from a pioneering and experimental practice to become standard practice, say sustainability reporting experts. The number of reports continues to increase, as does the variety of organizations that report, according to the Global Reporting Initiative (GRI)’s Year in Review 2010/11.
GRI produces a comprehensive Sustainability Reporting Framework that is widely used around the world, to enable greater organizational transparency. New research from KPMG shows that 95 percent of the 250 biggest companies in the world now report their sustainability performance, up from 80 percent in 2008. The research also shows that the majority of the top 100 companies in 26 out of the 34 countries surveyed now produce sustainability reports.
“Organizational transparency worldwide is improving – the practice of sustainability reporting is growing fast. Anecdotal evidence also shows that the quality of sustainability reporting improves as companies gain experience, including the integration of the practice into the core management and governance of the business. Many companies and other organizations are leading this rapid development of sustainability reporting, a practice that is emerging from its pioneering phase and growing into mainstream practice. As companies take a leading role in paving the way to a sustainable global economy, sustainability reporting enables them to measure, monitor and improve their performance,” said Ernst Ligteringen, Chief Executive of the Global Reporting Initiative (GRI).
The Year in Review is GRI’s annual report, highlighting the achievements of its global network and trends in sustainability reporting. The 2010/11 edition showcases new audiences for sustainability reporting, including updates on policies of governments and stock exchanges, and information on the emergence of investors and financial markets in the field.
The increase in reporting is global – companies from developing countries showed a significant increase in transparency in 2010. GRI works closely with companies and other organizations to increase and improve reporting in developing countries, and will continue to monitor reports through the Sustainability Disclosure Database.
With core support from the Swedish International Development Cooperation Agency, GRI works with its network to increase capacity through training programs, and engages developing countries in the development of the Sustainability Reporting Framework. Sida’s Business for Development (B4D) Programme (http://www.sida.se/English/Partners/Private-sector/Business-for-Development-B4D/) contains proposals for new forms of dialogue and collaboration with industry. The objective is to work together with companies to contribute to reducing poverty and environmental impact, creating more and better jobs and encouraging growth.
Charlotte Petri Gornitzka, Director-General of Sida, said: “Sustainability reporting encourages companies to think about their activities and operations in a more structured and strategic way; by measuring their sustainability performance, companies can make improvements to management, thus improving their performance. This ultimately contributes to the competitiveness of companies, and to sustainable development globally.
“Sida sees the partnership with GRI as a cornerstone of the B4D Programme. In working together with GRI to make sustainability reporting standard practice, we are bringing the worlds of enterprise and international development cooperation together, learning from each other for the benefit of a future sustainable global economy,” added Gornitzka.
For further information contact:
Press & Communications Manager
Global Reporting Initiative
Tel: +31 (0)20 531 0067
Out of office hours: +31 (0)6 303 99 531
Email: [email protected]
Notes to Editors
1. GRI’s Year in Review 2010/11 will be available from 15 December 2011 at www.globalreporting.org. If you would like an advanced copy, please contact Lucy Goodchild.
2. The KPMG International Survey of Corporate Responsibility Reporting 2011 is available at http://www.kpmg.com/PT/pt/IssuesAndInsights/Documents/corporate-responsibility2011.pdf
3. About the Global Reporting Initiative
The Global Reporting Initiative (GRI) produces a comprehensive Sustainability Reporting Framework that is widely used around the world, to enable greater organizational transparency. The Framework, including the Reporting Guidelines, sets out the Principles and Indicators organizations can use to report their economic, environmental, and social performance. GRI is committed to continuously improving and increasing the use of the Guidelines, which are freely available to the public.
GRI, a multi-stakeholder foundation, was set up in the US in 1997 by CERES and the United Nations Environment Program (UNEP). In 2002, GRI moved its central office to Amsterdam, where the Secretariat is currently located. GRI has regional ‘Focal Points’ in Australia, Brazil, China, India and the USA, and a worldwide network of 30,000 people.