The Global Reporting Initiative is opening an office in New York tomorrow, October 13, 2010, to be headed by former GRI Director, Sustainability Reporting Framework Mike Wallace. The office’s official name is Focal Point USA, and was not only established to provide support to companies that produce sustainability reports, but also aims to increase the number of companies that produce reports.
Further, this new office will work to improve the consistency and quality of reporting, as well as increase organizations’ input into developing new guidelines for reporting. The ‘big four’ accounting firms: Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers have agreed to provide donations to sponsor the new office for its first two years.
The GRI hopes to make sustainability reporting mainstream by 2015. They’ve been engaging more closely with companies, financial institutions, leading business associations, investors and government agencies in the U.S. over the past year on ways to better integrate ESG data into financial reporting. Over the next 10 years, the GRI will be working with several other organizations to develop an integrated reporting framework.
Wallace will have staff on the ground in the U.S. to provide better support to organizations who produce reports by helping to identify best practices that are tailored to U.S. organizations’ needs while still complying with the GRI guidelines.
To celebrate this extension of the GRI in the U.S., and to provide organizational stakeholders (OS) with the opportunity to meet Wallace, events will be planned for early 2011. Nikki McKean-Wood, OS Program Manager, will join Wallace in the new office.
BrownFlynn is proud to be the first U.S.-certified training partner of the GRI, and is looking forward to working with Wallace and McKean-Wood. This is an exciting time for the GRI and sustainability reporting in the U.S.
Statement from the most senior decision-maker of the organization about relevance of sustainability to the organization and the organization’s strategy for addressing sustainability
Name of the organization
Primary brands, products, and services
Location of organization’s headquarters
Number of countries where the organization operates, and names of countries with significant operations or that are specifically relevant to the sustainability topics covered in the report
Nature of ownership and legal form
Scale of the reporting organization
Total workforce by employment type, employment contract, and region, broken down by gender
Percentage of total employees covered by collective bargaining agreements
Description of the organization’s supply chain
Significant changes during the reporting period regarding organization's size, structure, ownership, or supply chain
Whether and how the precautionary approach or principle is addressed by the organization
Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses
Memberships in associations and/or national/international advocacy organizations
Entities included in the organization consolidated financial and nonfinancial reports
Process for defining report content
Material aspects identified in the process for defining report content
For each material aspect, the aspect boundary within the organization
For each material aspect, the aspect boundary outside the organization
Explanation of the effect of and reasons for any restatements of information provided in earlier reports
Significant changes from previous reporting periods in the scope and aspect boundaries
List of stakeholder groups engaged by the organization
The basis for identification and selection of stakeholders with whom to engage
The organization’s approach to stakeholder engagement, including frequency of engagement by type and by stakeholder group, and an indication of whether any of the engagement was undertaken specifically as part of the report preparation process
Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting. Report the stakeholder groups that raised each of the key topics and concerns
Date of most recent previous report
Contact point for questions regarding the report or its contents
‘In accordance’ option and GRI Content Index
Policy and current practice with regard to seeking external assurance for the report
Governance structure of organization, including committees of the highest governance body
The organization’s values, principles, standards, and norms of behavior such as codes of conduct and codes of ethics
Disclosure on Management Approach for Aspect
Coverage of the organization’s defined benefit plan obligations.
Financial assistance received from government.
Significant indirect economic impacts, including the extent of impacts.
Total number and rates of new employee hires and employee turnover by age group, gender and region.
Average hours of training per year per employee, by gender and by employee category.
Percentage of employees receiving regular performance and career development reviews, by gender and by employee category.