If you are using the GRI Sustainability Reporting Standards, you may want to include Sustainable Development Goals in your reporting. How can you align the two frameworks? There are new trainings being offered by ISOS Group to help you do that.
Sustainable Development Goals Module: This workshop is designed to support the alignment between GRI Guidelines and Sustainable Development Goals (SDGs). Since many organizations have yet to set targets for minimizing impacts to the international agreements on greenhouse gasses and beyond, using the SDGs can be a great way to cast a net toward larger objectives and develop actionable strategies for implementation. Instructors will work to demonstrate actionable steps that can be taken to institute specific SDGs. Upon course completion, participants will receive a certificate directly from GRI.
It was a great training with the ISOS Group in Chicago, August 17-18. The training was interactive and provided insights from the trainers and the participants who were from the transportation sector, NGOs, and consultancy firms. If you missed this opportunity, there are more coming. Two new offerings include a GRI Practitioners Specialty Module and Transition from GRI G4 to GRI Standards. Take a look at the upcoming schedule for San Francisco, New York City, and Boulder, Colorado. Hope to see you there!
During the World Bank session, we covered the benefits of using the <IR> Framework and how in particular the framework works for public agencies. <IR> allows an organization to explain how it creates value over the short, medium, and long terms. It does not replace other reporting frameworks but is the next step for organizations to move beyond providing separate sustainability (i.e., economic, environmental, and social) and financial (i.e., assets, liabilities, revenues, and expenses) metrics. It helps organizations tie together these metrics to see the big picture of their opportunities and risks; this involves reporting about its strategy, governance, performance and prospects in the context of its environment. To prepare this report, an organization must take an in-depth look at the inputs (e.g., raw materials, equipment, human resources) and outputs (e.g., finished products, waste, emissions) of its business model as it relates to risks and opportunities. For example, an organization’s decision to invest in an energy efficient production facility affects its profits by reducing costs and the environment by reducing emissions. In an integrated report, the organization can explain how the interrelated effects of reducing its annual operating costs and greenhouse gas emissions reduce its risks. To illustrate, the risks associated with increases in future energy costs are lessened. Reducing these risks could increase an organization’s opportunities to obtain future financing for other capital projects.
During the IR training, I shared my knowledge and experience with university, city, and airport sustainability reports in the <IR> context. In one of my examples, I discussed a city that invested in a more fuel-efficient transportation system that reduced costs, fuel usage, and carbon emissions. This investment has long-term consequences for reducing operating costs, carbon emissions, and human healthcare costs. It has the potential to affect how the city is perceived in terms of managing its financial and environmental impacts. This could in turn have consequences for the city’s bond ratings. An <IR> report would discuss these issues as they relate to the city’s costs, revenues, opportunities, and risks in the short, medium, and long terms.
Monika Kumar, Environmental Specialist with the Corporate Responsibility Program at the World Bank, and I were co-trainers at the GRI G4 sustainability reporting session at the National Geographic Headquarters March 16 and 17. Monika is an excellent trainer with a wealth of experience from her work preparing the World Bank’s sustainability reports. We had a stimulating two days with a group of enthusiastic participants. These trainings provided participants with the opportunity to learn in detail about the GRI G4 framework with current examples of reporting companies. In addition to learning about the GRI principles and their application, we focused on the entire reporting process from planning to publishing the finished report. In this training, we also learned a great deal about our participants’ sustainability reporting experiences. They shared their successes and challenges, which was quite useful to all. Interactive trainings such as this one make our training interesting and memorable.