Gold Standard Sustainability Reporting
This highly practical and concise book shows you how to undertake a reporting process and produce a sustainability report in line with the new standards and frameworks presented by the International Integrated Reporting Council (IIRC) and the Global Reporting Initiative (GRI). Fully updated to ensure compliance with the new standards, this second edition shows how to actually produce a sustainability report as well as the key processes in the planning: how to produce a business case; the development of actions plans; process and team leadership; and generating cross-functional buy-in. Templates are provided for certain steps in order to simplify the tasks involved at each point in the process. Anyone involved in delivering or developing a process to embed sustainability reporting for an organisation will find this book invaluable, for example, chief sustainability officers, chief financial officers and company secretaries. It will also be of interest to students in the field of sustainability.
Kye Gbangbola is the founder of Total Eco Management (TEM), a sustainability consultancy providing a variety of sustainability strategy, management and reporting tools and services.
Nicole Lawler is Global Director of Sustainability at Total Eco Management (TEM).
Gold Standard Sustainability Reporting
A Step by Step Guide to Producing a Sustainability Report
Second Edition
Kye Gbangbola and Nicole Lawler
Second edition published 2020
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN
and by Routledge
52 Vanderbilt Avenue, New York, NY 10017
Routledge is an imprint of the Taylor & Francis Group, an informa business
2020 Kye Gbangbola and Nicole Lawler
The right of Kye Gbangbola and Nicole Lawler to be identified as authors of this work has been asserted by them in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.
Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.
First edition published by Greenleaf 2014
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging-in-Publication Data
A catalog record for this book has been requested
ISBN: 978-0-367-34588-4 (hbk)
ISBN: 978-1-003-01168-2 (ebk)
Typeset in Times New Roman
by Apex CoVantage, LLC
This book is dedicated to the memory of our beautiful son, Zane Gbangbola, an angelic figure on earth who passed in Gods grace; a happy, happy boy who lived surrounded in love and exuded it back tenfold.
The story of Zane is that the world was a much richer place with him in it. We know this because of the many children, family, friends, engineering and speed icons, teachers, trainers, neighbours, communities, executives and so on who hold fond, happy memories of him and who miss him so very much.
Our God mourns with us at the passing of our son and journeys alongside us knowing how proud we are to be Zanes parents and to have learnt so much from Zane, who was the St. Georges School Eco Team Founder member, enthusiastic to make the world a better place, where everybody takes their responsibility seriously as custodians to nurture the world for future generations.
Zanes approach to sustatainability was visionary for a child, as he asked his Head Teacher, for whom he had huge regard and respect, about setting up a green team to respond to the world, children, and people in need locally and globally. One of Zanes acts that came to light was a request he made that the school no longer use helium ballons on Ascension Day; he knew that helium is a natural gas to be preserved. It was five years later when children across the world would rise up and implore adults and parliaments in their countries to change rapidly to establish a sustainable world, abate the crisis of extinction and climate change, and turn to a world of renewables, restoration and global protection from those waging war on the planet and polluting it with waste. Zane would have certainly been an instigator on the front line alongside Greta Thunburg, Extinction Rebellion and David Attenborough, and, as parents, we would be proud to back him.
Zane is Hebrew for Gift from God. Thank you for truly beautiful, fantastic and wonderful times and for the love you showed to everybody.
Richard, Andy, Zane, Joe and the Team, all the best at Hakskeen.
A few words of thanks to the TEM Team, GRI, Routledge and a dedication to all children who themselves aspire to a better world for their children in the quest for global change!
Even the smallest person can change the course of the future.
Contents
Guide
Corporate reporting in the form of environmental social governance has a few commonly used names; it is part of Corporate Social Responsibility (CSR), which we call Common Sense Really. Other names include sustainability reporting or integrated reporting. For many involved in the management and leadership of organisations these are interchangable and increasingly business critical activities undertaken by larger companies and their supply chains. The worlds most commonly used reporting instrument standard is the Global Reporting Initiative Standards, known as the GRI Standards. In some countries up to 90% of organisations that report do so to the GRI Standards. It is ideal as a pathway to generating all types of CSR/sustainability reports.
This book is a step-by-step guide to the practices and processes to produce a sustainability report. This guide is also for stakeholders, investors and asset managers; indeed, anyone who wants to evaluate reports. The book will answer your questions about how any part of the reporting process is carried out, including templates, documents and methodologies, so you can save time and money by not having to reinvent the wheel to get started or improve your reporting.
This is not a book on what the GRI Standards are all about, as the six modules comprising the GRI Universal Standards and the Topic Specific Standards do that admirably; indeed our consultancy, Total Eco Management, offers a globally renowned and awarded GRI Masterclass to executives and post-graduates from around the world on the GRI Standards.
This book is about the journey an organisation can use to deliver a quality corporate sustainability report in response to the many reporting instruments, of which GRI represents the gold standard. The content and quality of a sustainability report distinguishes the reporter; it should be concise, focused on the material topics and tell the story of how strategy, governance, performance and prospects lead to the creation and preservation of short, medium and long-term business value.