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Published byStephen Wood Modified over 9 years ago
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Basic Definitions and Drivers (Sustainability Reporting) Introduction and scene setting
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Types of private sector involvement Core business models / systemic impact Development benefits Business benefits Philanthropy CSR / Social investment Risk
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Practice Focus Results Orientation Low EndHigh End Future prospective Evolvement
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Its all about stakeholders Customers Government Communities Competitors Business partners Employees Future generations Shareholders Company
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What is Sustainability Reporting A corporate sustainability report is a vehicle to communicate with stakeholders on a company’s economic, environmental and social management and performance.
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Global Reporting Initiative A tool for reporting on wider economic, environmental, and social performance. Provides guidance for organizations to use as the basis for disclosure about their sustainability performance, in a universally-applicable, comparable framework. Covers economic, labour, environmental, Human rights, society and product responsibility indicators Enhanced Accountability
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Identifies 5 phases in the reporting process Prepare – overview of what final report might contain Connect – how to identify & communicate with main internal & external stakeholders Define – decide what to report on Monitor – describes how to collect info & ensure data quality Report – actual production / format etc
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Corporate spheres of influence workplace marketplace supply chains community enabling framework CORE BUSINESS ACTIVITIES produce safe and affordable products influence ethical supply chains generate income and investment create jobs develop human resources build local businesses support technology development and transfer Source: based on Business and the Millennium Development Goals, IBLF ENABLING FRAMEWORK ACTIVITIES work with governments to improve infrastructure, healthcare, education, quality address environmental, regulatory and fiscal policies engage in dialogue COMMUNITY ACTIVITIES support education, training, youth development transfer skills & technologies build capacity of community leaders and social entrepreneurs partner in social, health and community programmes
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Lower standards?
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What’s the business value in reporting? Disclosure of information to external stakeholders as requested by stock markets around the world and in Egypt by 2010 Measurement and analysis the company’s own performance. Enhancing Raya’s reputation by differentiating itself from competitors and gaining a competitive advantage in capital, labour and customer markets. Strengthening external relationships by publicly sharing information on Raya’s economic, environmental and social performance.
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What’s the business value in reporting? Building internal alignment and capacities of employees. Improving performance through cost savings and more effective use of internal resources. Enhancing corporate accountability and transparency. Sustainability reports can also be a useful tool to introduce the company when accessing work in new countries.
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Examples of reporting companies in Egypt And More everyday
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