basic definitions and drivers (sustainability reporting) introduction and scene setting
TRANSCRIPT
Basic Definitions and Drivers (Sustainability
Reporting)Introduction and scene setting
Types of private sector involvement
Core business models / systemic impact
Developmentbenefits
Business benefits
Philanthropy
CSR / Social investment
Risk
Practice Focus
Results Orientation
Low End High End
Future prospective
Evolvement
Its all about stakeholders
Customers
GovernmentCommunities
Competitors
Business partners
Employees
Future generations
Shareholders
Company
What is Sustainability Reporting
A corporate sustainability report is a vehicle to communicate with stakeholders on a company’s economic, environmental and social management and performance.
Global Reporting Initiative A tool for reporting on wider economic,
environmental, and social performance. Provides guidance for organizations to use as the
basis for disclosure about their sustainability performance, in a universally-applicable, comparable framework.
Covers economic, labour, environmental, Human rights, society and product responsibility indicators
Enhanced Accountability
Identifies 5 phases in the reporting process Prepare – overview of what final report
might contain Connect – how to identify &
communicate with main internal & external stakeholders
Define – decide what to report on Monitor – describes how to collect info
& ensure data quality Report – actual production / format etc
Corporate spheres of influence
workplace
marketplace
supply chains
community
enabling framework
CORE BUSINESS ACTIVITIES• produce safe and affordable products• influence ethical supply chains• generate income and investment• create jobs• develop human resources• build local businesses• support technology development and transfer
Source: based on Business and the Millennium Development Goals, IBLF
ENABLING FRAMEWORK ACTIVITIES• work with governments to improve infrastructure, healthcare, education, quality• address environmental, regulatory and fiscal policies• engage in dialogueCOMMUNITY ACTIVITIES
• support education, training, youth development• transfer skills & technologies• build capacity of community leaders and social entrepreneurs• partner in social, health and community programmes
Lower standards?
What’s the business value in reporting?
Disclosure of information to external stakeholders as requested by stock markets around the world and in Egypt by 2010
Measurement and analysis the company’s own performance.
Enhancing Raya’s reputation by differentiating itself from competitors and gaining a competitive advantage in capital, labour and customer markets.
Strengthening external relationships by publicly sharing information on Raya’s economic, environmental and social performance.
What’s the business value in reporting?
Building internal alignment and capacities of employees.
Improving performance through cost savings and more effective use of internal resources.
Enhancing corporate accountability and transparency.
Sustainability reports can also be a useful tool to introduce the company when accessing work in new countries.
Examples of reporting companies in Egypt
And More everyday