GRI Releases New Linkage Document for G4 / CDP WATER

By Louis Coppola @ G&A – Part of the Sustainability Big Data Series

GRI has just released the latest of its “linkage documents”.

This one is the first to link the CDP Water questions to the GRI G4 indicators.

The goal of these linkage documents is to reduce “survey fatigue” and to allow companies to translate their disclosures between multiple important third party disclosure standards and data requests.  Linking these disclosures through a comprehensive reporting index can also add value for the readers of reports which can look at data through the lens of their choice and quickly identify the most important and relevant information.

Both organizations continue to cooperate on aligning best practice, thus avoiding duplication of disclosure efforts, and easing the reporting burden for the thousands of companies that use CDP’s water program and GRI’s Sustainability Reporting Guidelines. This alignment allows organizations to use the same data points in both reporting channels. The information provided through either channel can form part of a sustainability report using the GRI Guidelines and/or to answer parts of CDP’s questionnaires.

“Driven by our ongoing commitment to advance a common approach to water disclosure and streamline global reporting, we worked together with CDP to create this linkage guidance”, says Bastian Buck, Director Reporting Standard at GRI. “Thousands of reporting organizations will derive benefit from it, ultimately ensuring corporate reporting is indeed more efficient, effective, and valuable to a wide array of information users around the world.”

“Water is becoming a strategic concern for many businesses and consequently we are seeing an increase in corporate water disclosure”, says Pedro Faria, Technical Director at CDP. “The alignment between GRI and CDP on water linkages will facilitate more efficient corporate reporting. It will also improve the consistency and comparability of data, enabling multiple stakeholders to better understand how business

Linking GRI and CDP: Water (2015) can be downloaded for free in the GRI Resource Library

Linking GRI and CDP: Climate Change (2015) can also be downloaded for free here.

 

 

Movers & Shakers in Shareholder Activism — Watch the 2015 Proxy Season and ICCR

by Hank Boerner – Chairman, G&A Institute

For more than 35 years, the Interfaith Center on Corporate Responsibility (ICCR) has been in the forefront of pressing for changes and reforms in corporate policies, practices and behaviors. This is a coalition of 300 institutional investment organizations — mainly faith-based and “values-driven” institutions — directly managing US$100 billion in assets.

Members include major religious denominations, sustainable & responsible investing organizations, foundations, unions, colleges & universities, and social issue advocacies.

ICCR through its long0-term activism and corporate engagement — especially in proxy season and importantly, year-round — influences many billions of dollars more in AUM in the US and global capital markets.

Issues on focus for ICCR members in 2014 included:

Corporate Governance — a traditional/perennial set of concerns; this includes separation and chair and CEO positions, and independence of board members;

The Environment – especially global warming / climate change and environmental justice;

Food – access to nutritious food, ag & land use, use of antibiotics in meat animals, food & sustainability…and more; note that for ICCR, food issues include the impact of climate change on growing areas (such as flooding and droughts);

Global Health – access to medicines by people in less-developed economies is a long-standing concern of members, who over the decades have engaged with pharma companies change marketing practices;

Human Rights — increasingly in recent years the focus on corporate supply chain behaviors, policies, and actions has increased;

Water – this ties in to human rights and access to water is a key factor; also, the trend to privatization of water supply is an important focus;

Financial Services – responsible lending was in focus long before the major banks took on too much risk and led the nation into crisis with subprime lending shenanigans; as investors, ICCR members are focused on “risk” as much and perhaps more than many mainstream institutions.

Big issues for ICCR members in recent years includes the focus on corporate political spending (lobbying, contributions); and, strategies / policies / actions / disclosures (and especially lack thereof) on the part of companies in member investment portfolios.

Says the coalition:  “ICCR members advocate for greater transparency around how company resources are used to impact elections, regulations and public policy.”

ICCR through member organizations engages with corporate boards and managements to discuss issues of importance to members, who operate in “a multi-stakeholder collaboration.”  Typically, brand names among public companies are the enterprises engaged for discussion.  Changes made at the brand names will eventually affect (and result in change) for more companies in the industry or sector or geography.

At G&A Institute we have long had a collaborative relationship with ICCR and see [ICCR] actions as important sustainable investment leadership positioning by key institutional and individual investors on ESG issues — especially in the annual corporate proxy voting seasons.

Recently Al-Jazeera America network broadcast an informative segment featuring ICCR leadership –the program interviews feature Sister Pat Daly (leader of the Tri-State Coalition for Responsible Investment), Sister Barbara Aires (Sisters of Charity of Paterson NJ), and ICCR Chair Father Seamus Finn, OMI (Missionary of Oblates of Mary Immaculate).

Father Finn is a regular contributor to The Huffington Post — his very readable posts are at: http://www.huffingtonpost.com/rev-seamus-p-finn-omi/

Sister Pat, the segment reported, filed 20 proxy resolutions and had corporate engagement meetings in 2014.

The segment is available on line at:  https://ajam.app.boxcn.net/s/7bkt7oc4mpymnfuow3g3

Worth noting:  In December, JP Morgan Chase released a report on changes in how the company does business; ICCR member institutions invested in JPMC welcomed the public release of the report.

Stay Tuned to ICCR in the new year — it’s an important capital markets force…”Inspired by faith, committed to action.”

ICCR is led by Executive Director Laura Berry; you can learn more about her at:   https://www.youtube.com/watch?v=HJ4PzEpyiD4; information on ICCR is at:  www.iccr.org