In order to facilitate peer networking, grow competence on ESG ratings and accelerate your ESG scores, SLR Consulting is launching its ESG Ratings Expert Network: a virtual, global platform for ESG professionals. The network is open for senior managers actively working on their company’s ESG performance, with roles in for example sustainability/ESG, investor relations, finance, or corporate affairs/communication within stock-market listed companies or large family businesses.
Regulators and investors are increasingly expecting organizations to conduct their materiality assessments following the principle of double materiality. However, understanding exactly what double materiality entails, and conducting this assessment in a successful manner comes with its challenges. This article outlines the concept of double materiality in brief and provides three tips for a successful double materiality assessment with practical guidance as part of a downloadable checklist.
Last October, the Global Reporting Initiative (GRI) announced the biggest update of its standards since 2016. Beyond legal requirements, the GRI has been identified as one of the most comprehensive and internationally recognized sustainability standards setter for corporate reporting. Scheduled to be applicable by 2023, these changes require companies to increase their level of transparency and to dedicate further resources into non-financial reporting. One of the key updates is the introduction of sector standards, providing additional guidelines for comparability of companies from the same industries. Another important change in the GRI Universal Standards is the revised approach on how organization should conduct their materiality assessment. This article focuses on the proposed changes and what it means for companies which have selected the GRI Standards as their ESG reporting framework.
If there is one thing that the COVID-19 pandemic has demonstrated, it is that society can face major challenges, virtually overnight. Companies need to have a sharp view on both short-term impacts and risks further on the horizon in order to steer their business and build resilience to deal with change. Capturing emerging risks in the ESG approach is therefore essential. Additionally, as of 2023, the EU Commission requires companies to apply the concept of “Double Materiality” as part of its new Corporate Sustainability Reporting Directive (CSRD). One of the main questions that therefore arises is: how do you ensure your materiality assessment covers these new perspectives on materiality?
The materiality matrix has become a familiar sight in corporate reporting, often an intensive exercise that is traditionally repeated every three to four years. Today’s turbulent business environment requires a more frequent and agile approach, monitoring sustainability risks and opportunities around the clock.
The world’s largest asset manager, BlackRock, has teamed up with nonprofit sustainability leader Ceres to create guidance for institutional investors on engaging with companies and policymakers on sustainability issues. The guide “21st Century Engagement: Investor Strategies for Incorporating ESG Considerations into Corporate Interactions” includes tactics and case studies from 37 experts spanning 6 countries.
The GRI Global Conference is the platform where sustainability leaders from around the world gather in order to exchange expert knowledge on sustainability best practices, innovations and trends that accredit sustainable decision-making in a shifting world. The 5th GRI Global Conference will take place from 18 to 20 May 2016 at RAI Amsterdam, the Netherlands.
The Global Reporting Initiative (GRI) revealed its new ambitions for the future in order to catalyze the next era of sustainability reporting. With its new 2015-2020 strategy, the pioneer of the sustainability reporting process, extends the scope from sustainability reporting to focusing on capturing value opportunities. Herewith GRI wants to empower companies to leverage their capabilities and competences towards building a more sustainable economy and society. The new GRI strategy is an urgent call to escape from the Reporting Trap, where companies get stuck in box-checking issues when it comes to sustainability, and actually create value from societal issues.
Demonstrating your company’s contribution towards a sustainable future with tangible lasting results, is not an easy task. Transparency and accountability comes from clear communications; in reporting and also in other activation. In May 2013, GRI released the updated G4 version of their reporting principles.The guidelines from the Global Reporting Initiative serve as a basic framework for both sustainability and integrated reports.