Reporting on Social, Economic, and Environmental Impacts

1
Reporting on Social, Economic, and Environmental
Impacts

• Lisa Abel
• YSI Inc.
• June 22, 2006

2
About YSI
3
About Reporting

• Identify, quantify and communicate
• economic, environmental and social performance
• in industries where many peer companies are
  opaque and silent

4
GRI Reporting Guidelines

• Global Reporting Initiative
• Standardized
• www.globalreporting.org
• Additional help from Ceres www.ceres.org

5
Why Report

• All organizations of all sizes and from all
  sectors should be accountable to their
  stakeholders
• as all organizations have an impact on the
  environment and society

6
Why Report

• Tell your story
• Take credit
• Show improvements commitments
• Awareness of liabilities
• Transparent information to employees, community,
  shareholders

7
YSIs 2004 Sustainability Report
8
Examples from Reports
9
Harwood Products
10
YSI Incorporated
11
Suncor
12
Baxter
13
HP
14
Sunoco
15
Nike
16
Ben and Jerrys
17
Stakeholders
18
Stakeholders

• Who are your stakeholders?
• Whats their level of engagement?
• How do you involve them in reporting?
• What are their concerns with your organization?
• How do you respond?

19
Stakeholder Feedback

• Explain what YSIs biggest impacts are and how
  they are addressed with your sustainability
  projects.

20
Stakeholder Feedback

• Say more about the difficulty in identifying
  stakeholders at smaller and/or remote locations.
  

21
Solicit Feedback
22
GRI Reporting Principles
23
Inclusivity
24
Relevance Materiality
25
Transparency
26
Sustainability Context
27
Completeness
28
Quality of Information
29
Balance
30
Comparability
31
Accuracy
32
Timeliness
33
Clarity
34
Assurability
35
GRI Reporting Areas
36
Strategy Analysis
37
Organizational Profile
38
Report Parameters
39
Governance, Commitments Engagement
40
Disclosures Performance Indicators
41
Economic Performance
42
Environmental Performance
43
Labor Practices Decent Work
44
Human Rights
45
Society
46
Product Responsibility
47
Relevance to Your Organization

• Look at indicators
• Which are relevant to your organization?
• Why?

48
How Transparent Can You Be?

• How transparent is the organization now?
• What is disclosed to employees?
• What is disclosed to community?
• How is level of transparency determined?

49
Getting Started

• Management support
• Determine scope
• Select most relevant indicators
• Find the data
• Start reporting!

50
Questions?