17May
Filed in Economy | Efficiency | Energy | Environment | GHG | GRI | Social | Sustainability
I just received my GRI G3 reporting certification from the course I took last week. The course was delivered in Colorado for the first time due to the efforts of CORE with support from Deloitte. Lead, out of Canada, provided the training based on materials from the Global Reporting Initiative.
The instructor was well informed, as were the 26 attendees. Lively discussion, along with some good and some not so good exercises provided us all with a great understanding of the G3 framework and the processes companies should put in place to engage stakeholders, prioritize initiatives, disclose results, share goals and increase sustainability through management processes and transparency.
Global Reporting Initiative
The Sustainability Reporting Framework – of which the Sustainability Reporting Guidelines are the cornerstone – provides guidance for organizations to disclose their sustainability performance. It is applicable to organizations of any size or type, and from any sector or geographic region, and has been used by thousands of organizations worldwide as the basis for their sustainability reporting.
Efficiency, Energy, Environment, GHG, governance, GRI
04Feb
Filed in Economy | Energy | Environment | Finance | GHG | GRI | Politics | Responsibility | Sustainability | Transparency
Surprising no one, the SEC released interpretive guidance on the presentation of global climate change risks last week.
Specifically, the SEC’s interpretative guidance highlights the following areas as examples of where climate change may trigger disclosure requirements:
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Impact of Legislation and Regulation: When assessing potential disclosure obligations, a company should consider whether the impact of certain existing laws and regulations regarding climate change is material. In certain circumstances, a company should also evaluate the potential impact of pending legislation and regulation related to this topic.
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Impact of International Accords: A company should consider, and disclose when material, the risks or effects on its business of international accords and treaties relating to climate change.
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Indirect Consequences of Regulation or Business Trends: Legal, technological, political and scientific developments regarding climate change may create new opportunities or risks for companies. For instance, a company may face decreased demand for goods that produce significant greenhouse gas emissions or increased demand for goods that result in lower emissions than competing products. As such, a company should consider, for disclosure purposes, the actual or potential indirect consequences it may face due to climate change related regulatory or business trends.
- Physical Impacts of Climate Change: Companies should also evaluate for disclosure purposes the actual and potential material impacts of environmental matters on their business.
Reporting agencies and other groups, such as the Carbon Disclosure Project and Global Reporting Initiative, applauded the move.
