Global Reporting Initiative (GRI)

Sustainability Reporting
P.O. Box 9218 Amwal Tower, 4th floor, Tel: +974 40163200, Fax: +974 40163201, Email: [email protected]
Presentation Overview

INTRODUCTION SIGNIFICANCE STANDARDS GRI REPORTING ADVANTAGES OF GRI

ORGANIZATIONS REPORTING

GRI REPORTING GRI PROFESSIONAL APPLICATION FORM REQUIRED CRITERIA

INDICATORS CERTIFICATION FOR PES
PROCESS

2
Introduction
Global Reporting Initiative (GRI) was established in
1997 as an independent, international non-profit “You can’t manage what you can’t measure”
organization, based in The Netherlands, Amsterdam.
 The aim is to support global businesses and
organizations to take responsibility for their
impacts.
 GRI provides joint reporting software, tools, and
format.
 The GRI Report (G4 Reporting Guidelines – GRI
2016 Standard) permits companies to compare
and analyze their progress with local or
international organizations.
 Typical terms used in the reports include
“sustainability,” “responsibility,” “accountability,” or
“citizenship”.
3
Significance of GRI Reporting
Promoting transparency between the stakeholders and the companies by engaging stakeholders
• Stakeholder examples: Investors, employees, suppliers, regulators, customers, general public, and government
authorities.
• Thus, allowing stakeholders to fully understand the core values of the organization and also their tangible and
intangible assets.
• As a result of the transparency, trust is strengthened with stakeholders, which benefits the company and
improves their reputation and loyalty.
Risk Management Tool
• Assists companies to identify and prioritize the risks and opportunities internally associated with their business;
I.e. Mitigation Strategy. Followed by external disclosures and transparency.
• Clarifies the environmental safety risks and helps organizations abide by social and governmental laws.
Indicator for the company’s long term success (Financially and Non-Financially)
• Compels companies to revise their strategies into adopting a more adaptive and resilient strategy.
Operation Efficiency
• Improving returns on capital, which often means reducing operating costs through improved natural-resource
management (such as energy use and waste).
• Driving down costs by systematically managing their value chains.
• Improving employee retention or motivation through sustainability activities.
4
GRI Standards
Issued by a separate entity called, Global Sustainability Standards Board (GSSB) and the development of
the standards are supervised by the Due Process Oversight Committee (DPOC).

Current active
GRI Standard
• 2016 version
(G4)

GRI 2021
Standards
• Active from 1
January 2023

5
GRI Standards
GRI 1, 2 and 3 Series:
o Identifying the organization’s material topics, lays out
important principles for report preparation.
o Disclosures on the organization’s specific context, (Size,
activities, governance, and stakeholder engagement).
o Assists the organization to better understand its
approach towards the different topics it reports on.

GRI 11, 12,…Series: 40 GRI Sector Standards would be

developed for specific industries.
The first developed Sector Standard is GRI 11 Oil & Gas
Sector: Addresses the challenges for sustainable
development with guides on reporting for the
environmental, social, and economic sectors.

6
GRI Standards
GRI 200 Series: The economic dimension of sustainability GRI 400 Series:
concerns an organization’s impacts
In the context of the GRI Standards, the social
o Associated with the organization’s impact on their dimension of sustainability concerns an
stakeholders. organization’s impacts on the social systems
within which it operates.
o Organization's impact on economic systems at local,
national, and global levels.
o Does not focus on the financial condition of an
organization.

GRI 300 Series:

The environmental dimension of sustainability concerns
an organization’s impacts on living and non-living natural
systems, including land, air, water and ecosystems.

7
GRI Reporting
Priority Group III:
Organizations Transport,
infrastructure, and
tourism
• Shipping, tourism,
Priority Group I: Priority Group II: media ,
Basic materials and Industrial telecommunication
needs. • Automotive,
• Oil and Gas, metal construction,
processing, food, machinery and
banking, equipment
agriculture
Various sectors

Public or private Priority Group IV:

• Fortune 500 or Other services and
small companies light manufacturing
• Retail, restaurants

Businesses Reporting on
Sustainability
8
 Sustainability Reporting Organizations
According to KPMG Survey of Sustainable Reporting conducted in 2020, 73% of the world’s 250 largest companies prepare their sustainability reports using
the GRI Standards.

Locally Internationally

9
Advantages of GRI Reporting

Improve
sustainability Strengthen internal Benchmark
performance, risk Motivate and engage data management sustainability
management and employees and reporting performance against
investor systems self and others
communications

Improve
Engage stakeholders Build credibility as a
sustainability strategy
and improve committed and
and selection of
stakeholders effective corporate
performance
relations citizen
indicators and targets

10
GRI Reporting Indicators

Differences in the types of reporting indicators vary

between and within sectors

Based on the understanding and the priorities of the

performance measurement indicators to be shared with
the public

In 2012, Harvard Law School Forum on Corporate

Governance reported that out of 94 Sustainability Report
issued by Canadian Companies, 585 indicators were used

42% economic indicators, 33 % environmental indicators,

and 25 % social indicators

11
12
13
GRI Professional Certification Process

Reporting Skills
Certification Benefits
Improvement
Maintain And Upskill 40 MCQ
Sustainability Cost: € 1250.00
75% Passing Score
Retaken 3 times in 6 months
Knowledge
Enhances Credibility
Demonstrates
Sustainability Know-
how Cost: € 650.00

CTP or GRI Academy

Certification Renewal
within 2 years

14
Continuing Education Units (CEUs)
Educational and other activities that assist GRI Certified Sustainability Professionals in achieving
and maintaining quality in their professional services

Assists in measuring and monitoring the efforts of the certified professional

Mandated to complete 8 CEUs within 2 years after passing the exam

One CEU is the equivalent of one learning hour

CEUs courses may be found on the GRI Academy

• Such as Tax (2 CEUs), Waste (2 CEUs), Occupational Health and Safety (2 CEUs)

Additional CEU activities will be added mid-2022

15
Required Criteria for PES

At the moment, no
certification is required to
prepare a sustainability
report in accordance with
the GRI Standards.

Require to complete the

GRI Professional
Certification Program
either through a Certified
Training Partner or Online
through the GRI Academy.

16
THANK YOU

17