1. Sustainability Reporting
November 30, 2018
Sustainability Reporting

2. Why report on Sustainability?
November 30, 2018
Why report on Sustainability?
Increasing pressure on Corporates for
Greater responsibility towards the society and the environment
Greater transparency in reporting financials and non-financials
Sustainable performance in economical, social, environmental and governance aspects

3. Why report on Sustainability?
November 30, 2018
Why report on Sustainability?
Establishing a sustainability reporting process would
Improve Economic, Social and Governance Performance
Develop a sustainable global economy
Communicate the positive impact made by organization
Manage change
Measure performance
Help in setting goals

4. Guidelines on reporting sustainability
November 30, 2018
Guidelines on reporting sustainability
The guidelines for reporting sustainability are set by Global Reporting Initiative (GRI)
Global Reporting Initiative (GRI) is a non-profit organization that promotes economic, environmental and social sustainability
The Guidelines are updated regularly by GRI
The current guideline is G3.1 – a third generation of GRI’s sustainability guidelines
G4 - the fourth generation of guidelines is under development and to be released in May, 2013

5. Guidelines on reporting sustainability
November 30, 2018
Guidelines on reporting sustainability
G3 sustainable Performance Indicators are organized as
Economic
Environmental
Social

6. Global Reporting Initiative
November 30, 2018
Global Reporting Initiative
GRI is a multi-stakeholder, network-based organization
Strategic partnerships with
United Nations Environment Programme
the UN Global Compact
the Organisation for Economic Co-operation and Development
International Organization for Standardization ​
The development of guideline follows GRI’s due process
Setting priorities for revision of the Guidelines
Developing proposals for revision
Public comment period
Approval by the governance bodies

7. Principle for Responsible Investment
November 30, 2018
Principle for Responsible Investment
The Principles of Responsible Investment (PRI) is a reporting framework for investment managers
It takes environmental, social and corporate governance (ESG) issues into account within the investment process
The framework has three goals
to improve the accountability of the PRI
enable investors to report their approach to responsible investment in a transparent and globally-comparable way and
to assess the progress of signatories towards implementing the Principles of PRI

8. Sustainability reporting in India
November 30, 2018
Sustainability reporting in India
On July 2011, the Ministry of Corporate Affairs launched National Voluntary Guidelines
SEBI has mandated from Nov 2011 that the 100 top listed entities must submit Business Responsibility Reports
As per SEBI’s requirement under clause 49 of the listing agreement all public equities are required to comply with disclosure norms related to corporate governance

9. November 30, 2018
Principles of NVG
The national voluntary guidelines consist of 9 core principles, namely:
Principle 1: Businesses should conduct and govern themselves with Ethics, Transparency and Accountability
Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle
Principle 3: Businesses should promote the well-being of all employees
Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized
Principle 5: Businesses should respect and promote human rights
Principle 6: Business should respect, protect, and make efforts to restore the environment
Principle 7: Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner
Principle 8: Businesses should support inclusive growth and equitable development
Principle 9: Businesses should engage with and provide value to their customers and consumers in a responsible manner

10. Problems in reporting Sustainability
November 30, 2018
Problems in reporting Sustainability
Limited tools to report on Sustainability parameters
Challenge in finding the right data and assess its credibility
Tough for companies to prioritize environment management over business objectives
Would you rather preserve the rainforest or maximize growth and profitability?
Stockholders or Stakeholders?
Easy to take decisions towards sustainability but practical application of those decisions is way difficult

11. Fairness in implementation
November 30, 2018
Fairness in implementation
Developed nations vs. Developing Nations
Developed Nations
Enjoyed a prolonged period of growth at the expense of environment
Can afford a slow growth for increasing environment protection
Have the capital, funds and technology to invest in sustainable development
Developing Nations
Have potential for growth and must grow to feed a larger population
Face a political pressure from the population to maintain economic growth in-spite of exploitation of resources

12. November 30, 2018
Thank You