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Reporting on Social, Economic, and Environmental Impacts

Reporting on Social, Economic, and Environmental Impacts. Lisa Abel YSI Inc. June 22, 2006. About YSI. About Reporting. Identify, quantify and communicate economic, environmental and social performance in industries where many peer companies are opaque and silent.

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Reporting on Social, Economic, and Environmental Impacts

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  1. Reporting on Social, Economic, and Environmental Impacts Lisa Abel YSI Inc. June 22, 2006

  2. About YSI

  3. About Reporting Identify, quantify and communicate economic, environmental and social performance in industries where many peer companies are opaque and silent

  4. GRI Reporting Guidelines • Global Reporting Initiative • Standardized • www.globalreporting.org • Additional help from Ceres: www.ceres.org

  5. Why Report All organizations of all sizes and from all sectors should be accountable to their stakeholders – as all organizations have an impact on the environment and society

  6. Why Report • Tell your story • Take credit • Show improvements & commitments • Awareness of liabilities • Transparent information to employees, community, shareholders

  7. YSI’s 2004 Sustainability Report

  8. Examples from Reports

  9. Harwood Products

  10. YSI Incorporated

  11. Suncor

  12. Baxter

  13. HP

  14. Sunoco

  15. Nike

  16. Ben and Jerry’s

  17. Stakeholders

  18. Stakeholders • Who are your stakeholders? • What’s their level of engagement? • How do you involve them in reporting? • What are their concerns with your organization? • How do you respond?

  19. Stakeholder Feedback “Explain what YSI’s biggest impacts are and how they are addressed with your sustainability projects.”

  20. Stakeholder Feedback “Say more about the difficulty in identifying stakeholders at smaller and/or remote locations.”

  21. Solicit Feedback

  22. GRI Reporting Principles

  23. Inclusivity

  24. Relevance & Materiality

  25. Transparency

  26. Sustainability Context

  27. Completeness

  28. Quality of Information

  29. Balance

  30. Comparability

  31. Accuracy

  32. Timeliness

  33. Clarity

  34. Assurability

  35. GRI Reporting Areas

  36. Strategy & Analysis

  37. Organizational Profile

  38. Report Parameters

  39. Governance, Commitments & Engagement

  40. Disclosures & Performance Indicators

  41. Economic Performance

  42. Environmental Performance

  43. Labor Practices & Decent Work

  44. Human Rights

  45. Society

  46. Product Responsibility

  47. Relevance to Your Organization • Look at indicators • Which are relevant to your organization? • Why?

  48. How Transparent Can You Be? • How transparent is the organization now? • What is disclosed to employees? • What is disclosed to community? • How is level of transparency determined?

  49. Getting Started • Management support • Determine scope • Select most relevant indicators • Find the data • Start reporting!

  50. Questions?

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