GRI -The World's Standard for Sustainability Reporting -CEO Tim Mohin Is Six Months Into the Job




Global Reporting Initiative -- The World's Standard for Sustainability Reporting - CEO Tim Mohin Is Six Months Into the Job

The GRI framework for corporate, institutional and organizational sustainability reporting has been in place since 1999-2000.  Since those early days (when a handful of organizations published sustainability reports), the framework has been through four iterations ("G1" to "G4") and in October 2016 GRI launched the world's first global standards for sustainability reporting.  More than 40,000 reports are now in the GRI Sustainability Disclosure Database (database.globalreporting.org).  GRI is headquartered in Amsterdam, The Netherlands.

Six months ago an experienced sustainability professional assumed the CEO post -- Tim Mohin, who during his career was at US EPA, where he led the effort that led to the Clean Air Act); Apple (overseeing the company's global supply chain, "Supplier Responsibility"); Chair of the Electronic Industry Citizenship Coalition; and Senior Director of Sustainability at Advanced Micro Devices (AMD).

What's happening with GRI (now more than a quarter-century in existence)?  What's the future for GRI and the many organizations interacting with and utilizing the resources of...GRI?  That's the Top Story this week --- an interview with Tim Mohin by Robin Hicks of Eco-Business.

There is a rich trove of information about GRI in this feature for you.
For the record, Governance & Accountability Institute is the exclusive Data Partner for the United States of America, the United Kingdom and the Republic of Ireland for GRI.  We're also members of the GRI Gold Community...we are proud of our long-term relationship with this great organization.

Top Stories This Week...

Is sustainability reporting working?
(Thursday - June 29, 2017) 
Source: Eco-Business - More companies are now reporting the impact they have on the environment and society. But where is the value in doing this, and what affect does it have in the real world? Eco-Business asked the new chief executive of Global...

Important Items for Your Attention: Editors' Sustainability Scans - Progress!

U.S. Rice Farmers Turn Sustainability into Carbon Credits & Microsoft Is First to Buy
(Monday - June 26, 2017) 
Source: Inside Climate News - By changing how they use water, rice growers in Arkansas, Mississippi and California cut their methane emissions and opened a door for agriculture in carbon markets. 

International: Sustainability oriented global network includes basic income has one of its pillars
(Monday - June 26, 2017) 
Source: Bien - The global network Sufficiency4Sustainability (S4S), which advocates for sufficiency as a path to sustainability, was just founded in late May this year. It is composed of a web of thinkers, researchers, professors and... 

RBI’s Deforestation Continues Despite Newly Released Sustainability Framework
(Tuesday - June 27, 2017) 
Source: Union of Concerned Scientists - Restaurant Brands International (RBI) released its updated sustainability framework today and pledged to eliminate deforestation in its supply chains by 2030. Deforestation accounts for roughly 10 percent of global greenhouse gas... 

Sustainability essentials: Measure, reduce and offset
(Wednesday - June 28, 2017) 
Source: Climate Action Program - his week, the Green Sports Alliance will host its annual Summit conference, an informative and jovial event, excellent for networking. It celebrates sustainability accomplishments in the sports industry, and it hosts exhibitors...

What Sustainability? Over-Consumption By Design
(Wednesday - June 28, 2017) 
Source: Huff Post - You'd think that by 2017, with the planet warming alarmingly and the oceans full of plastic, that we'd want a little more planned sustainability — and longevity — built into the things we make and buy. Instead, it's like we're... 

What Sustainability? Over-Consumption By Design
(Wednesday - June 28, 2017) 
Source: Huff Post - You'd think that by 2017, with the planet warming alarmingly and the oceans full of plastic, that we'd want a little more planned sustainability — and longevity — built into the things we make and buy. Instead, it's like we're... 

Safeguarding sustainability through forest certification mapping
(Wednesday - June 28, 2017) 
Source: PHYS.org - Using forest biomass products—such as timber, fuel wood, or paper—in a sustainable manner, without exhausting resources or diminishing forest biodiversity, requires transparency on the origin and management of those... 


Our Focus This Week on A Range of ESG Topics & Issues -- Things to Think About..

Why corporate social responsibility is yet to become strategic, business tool
(Monday - June 26, 2017) 
Source: Financial Express - The book is a complete CSR manual for companies on what should be done and how to go about it. Both the legal part, as well as ethical issues, have been explored in detail. 

Coal on the Rise in China, US, India After Major 2016 Drop
(Monday - June 26, 2017) 
Source: US News - China, the United States and India have been ramping up coal mining in 2017, making an abrupt departure from last year's record global declines for the heavily-polluting fuel. 

How Climate Change Will Transform the Way We Live
(Monday - June 26, 2017) 
Source: Fortune - Earlier this week, nearly 50 flights out of Phoenix were cancelled. At 120 degrees, the temperature forecast exceeded the airline’s 118 degrees maximum operating temperature. 

These six milestones can help ward off the climate apocalypse
(Thursday - June 29, 2017) 
Source: The Verge - To help avoid the worst-case scenario, the scientists set six milestones to reduce carbon emissions across sectors, including energy, transportation, and infrastructure. The goals range from expanding renewables to reducing... 

The Petya ransomware is starting to look like a cyberattack in disguise
(Thursday - June 29, 2017) 
Source: The Verge - The haze of yesterday’s massive ransomware attack is clearing, and Ukraine has already emerged as the epicenter of the damage. Kaspersky Labs reports that as many as 60 percent of the systems infected by the Petya ransomware were... 

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News & Opinion: Asset Managers, US Pension Funds, Sovereign Wealth Funds

AFRICA INVESTMENT-African nations race to build sovereign funds   
(Tuesday - June 27, 2017) Associated Profiles : Pula Fund 
Source: Reuters - Botswana's $6.9 billion Pula Fund was the continent's most transparent on the Linaburg-Maduell index, with a rating of 6 out of 10. Nigeria's $1 billion kitty had a rating of 4 in the third quarter of 2013. The country added $550... 

Fed gives big U.S. banks a green light for buyback, dividend plans   
(Thursday - June 29, 2017) 
Source: Reuters - The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe. 

Rich guy Leo DiCaprio surrenders priceless art in wake of embezzlement scandal   
(Sunday - June 25, 2017) Associated Profiles : 1Malaysia Development Berhad 
Source: Mashable - Red Granite — the company that produced DiCaprio's movie The Wolf of Wall Street — was co-founded by Riza Aziz, the stepson of Malaysian prime minister Najib Razak, and reportedly received illicit financing from the... 

New York City pension funds target $1 billion in new emerging manager commitments   
(Wednesday - June 28, 2017) Associated Profiles : New York City Comptroller’s Office: Bureau of Asset Management 
Source: Pensions & Investments - Most of the New York City pension funds' investments in and commitments to emerging managers have been made to minority- and women-owned businesses, the news release said. 

Goldman says ‘buy and hold’ investing is broken, but this new strategy will work   
(Wednesday - June 28, 2017) 
Source: CNBC - Goldman Sachs told clients that the environment is more difficult for picking stocks of quality companies, and as a result investors should be willing to accept longer holding periods and hold fewer stocks. 

News for You From the Corporate Sector

Cummins (CMI) Releases 2016 Sustainability Progress Report   
(Thursday - June 29, 2017) 
Source: Zacks - Cummins Inc. (CMI - recently released its 2016 Sustainability Progress Report. This is the 14th annual sustainability report.

How AT&T and McDonald's turn sustainability into sales   
(Tuesday - June 27, 2017) 
Source: GreenBiz - For years, consumers said they were interested in buying more sustainable products and services (PDF), but sales of green products remained a niche market. This indicated a "value-action gap," with consumers saying they would... 

Burger King Promises Path to Sustainability – Eventually   
(Monday - June 26, 2017) 
Source: Triple Pundit - But the burger brand also has increasingly come under the scrutiny of environmental organizations, which say that Burger King’s beef is connected with vast amounts of deforestation in Brazil and other South American nations..  

Airbag maker Takata files for bankruptcy in Japan and US, seeking $1.59B aid from Key Safety Systems   
(Monday - June 26, 2017) 
Source: CNBC - Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS). 

Six contenders to be Uber's new CEO   
(Monday - June 26, 2017) 
Source: The Hill - he search is on for a new CEO at Uber. After Uber and its CEO Travis Kalanick’s reputations were damaged by revelations of misconduct and other missteps in the past several months, Kalanick finally stepped down earlier this week.

Boeing has seen the future and it's not jumbo jets   
(Monday - June 26, 2017) 
Source: Stuff - Boeing sees the future, and it doesn't include jumbo passenger jets. Not its own iconic 747. Not the Airbus A380. The US plane maker has dropped the category reserved for four-engine behemoths from its annual forecast for the... 

Ingredient in Popular Weed Killer Going on List as Cancerous   
(Tuesday - June 27, 2017) 
Source: US News - Regulators in California took a pivotal step on Monday toward becoming the first state to require the popular weed killer Roundup to come with a label warning that it's known to cause cancer. 

Much of the Deepwater Horizon oil spill has disappeared because of bacteria   
(Tuesday - June 27, 2017) 
Source: CNBC - Researchers from several leading institutions in the United States say they have discovered a new kind of naturally occurring underwater bacteria that has eaten a considerable portion of the oil that spilled out of the Deepwater... 

JPMorgan partners with GE's Current to reach lofty environmental goals
(Wednesday - June 28, 2017) 
Source: CNBC - JPMorgan Chase announced Wednesday that it has partnered with General Electric and its energy startup, Current, to reduce the company's environmental impact across 4,500 branches in the US...

Maersk Shuts Down Some Systems to Help Contain Cyber Attack   
(Wednesday - June 28, 2017) 
Source: Bloomberg - A.P. Moller-Maersk A/S has shut down systems across its operations to contain a cyber attack against its computer network as it assesses the full impact. 

Will Uber be haunted by spurned CEO Travis Kalanick?
(Thursday - June 29, 2017) 
Source: Mercury News - The dramatic ouster of Uber CEO Travis Kalanick was meant to be a changing of the guard at the troubled ride-hailing company, but despite the shock waves it generated, experts say the spurned leader’s reign is far... 

ABC TV settles with beef product maker in 'pink slime' defamation case
(Thursday - June 29, 2017) 
Source: Reuter - The U.S. ABC television network, owned by Walt Disney Co (DIS.N), has settled its closely watched defamation lawsuit with Beef Products Inc over news reports on a processed beef product that critics dubbed "pink slime," both.

Google Faces Years of EU Oversight on Top of Record Antitrust Fine   
(Wednesday - June 28, 2017) 
Source: NY Times - Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday's precedent-setting... 


Trump Administration News... Affecting Directions on Governance, Sustainability & Climate Change

Trump to Call for U.S. ‘Dominance’ in Global Energy Production   
(Monday - June 26, 2017) 
Source: Bloomberg - Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance. 

Trump administration to propose repealing rule giving EPA broad authority over water pollution   
(Wednesday - June 28, 2017) 
Source: Washington Post - President Trump’s administration will revoke a rule that gives the Environmental Protection Agency broad authority over regulating the pollution of wetlands and tributaries that run into the nation’s largest rivers, EPA...

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