GRI, IRIS, & the Investor Perspective. IRIS Standards Series November 20, 2015

Transcription

1 GRI, IRIS, & the Investor Perspective IRIS Standards Series November 20, 2015 Global Global Impact Impact Global Investing Investing Impact Network, Network, Investing Network, 2015

2 Agenda The value of using aligned measurement standards How GRI & IRIS work together How Triodos Bank assesses, reports, and communicates social & environmental performance in a GRI report Q&A Global Global Impact Impact Investing Investing Network, Network,

3 Housekeeping items Please mute all lines Q&A will be held until the end of the webinar The deck and a recording will be posted after the webinar at For questions about today s content, visit the IRIS website at or contact [email protected] Global Global Impact Impact Investing Investing Network, Network,

4 Speakers Bastian Buck Director, Sustainability Reporting Standard Global Reporting Initiative (GRI) Ellen Carey Manager, IRIS & Impact Measurement Global Impact Investing Network (GIIN) James Niven Head of Corporate Affairs Triodos Bank Kelly McCarthy Moderator Senior Manager, IRIS & Impact Measurement Global Impact Investing Network (GIIN) Global Global Impact Impact Investing Investing Network, Network,

5 IRIS Mission Standardized metrics enable capital to flows toward investments that perform well financially, socially and environmentally Global Global Impact Impact Investing Investing Network, Network,

6 IRIS Enables Comparisons My Metrics Your Metrics Permanent Employees = Permanent Employees Global Global Impact Impact Investing Investing Network, Network,

7 A Sample of IRIS Users IRIS is used to measure the performance of more than $10 billion in impact AUM Global Global Impact Impact Investing Investing Network, Network,

8 IRIS Connects the Alphabet Soup Global Global Impact Impact Investing Investing Network, Network,

9 Linking GRI & IRIS Value for Business Increase the quality of reporting Decrease the burden of reporting similar information in multiple different frameworks Value for Investors Reliable and credible standardized public reporting enables informed decisionmaking Consistent metrics make it possible to aggregate performance across a number of investments Global Global Impact Impact Investing Investing Network, Network,

10 History Continuous improvement

11 G4 Guidelines 78% of top 100 companies in 41 countries 82% of top 250 companies listed in the Fortune Global 500 To date, 55 policy initiatives in 25 different countries refer or recommend GRI Source: KPMG International Survey on Corporate Sustainability Reporting / GRI:

12 G4 Guidelines Reporting Principles

13 G4 Guidelines Standard Disclosures

14 G4 Guidelines Example Standard Disclosures G4-EN15 Direct greenhouse gas (GHG) emissions (Scope 1) G4-HR1 G4-SO3 Total number and percentage of significant investment agreements and contracts that include human rights clauses or that underwent human rights screening Total number and percentage of operations assessed for risks related to corruption and the significant risks identified

15 G4 Guidelines & IRIS Example Linkage

16 G4 Guidelines & IRIS Example Linkage Global Global Impact Impact Investing Investing Network, Network,

17 G4 Guidelines & Triodos Annual Report Example Linkage From Triodos Report 1,400 hectares nature/ conservation land (annual) From GRI G4 EN13 Habitats protected or restored From IRIS Protected Land Area: Total (PI4716) Number of hectares with a status of protected land during the reporting period. Global Global Impact Impact Investing Investing Network, Network,

18 The Investor Perspective: Triodos Bank Global Global Impact Impact Investing Investing Network, Network,

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20 Triodos Bank at a glance

21 Impact Our vision - a contrary view 21

22 Impact Our vision - a contrary view Our Gross National Product...counts air pollution and cigarette advertising and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder Yet GNP does not allow for the health of our children, the quality of their education, or the joy of their play. Robert F. Kennedy (1968) 22

23 Assessing and Communicating impact What we aim to achieve Triodos Bank Show our stakeholders that we do what we say we ll do - and do it credibly Safeguard our values and improve how we deliver our mission And, as an outcome, be a reference point for values-based banking. 23

24 Assessing and Communicating impact Our Vision and Approach We want to speak to the head and heart Focus on qualitative evidence of our impact before numbers Authentic stories are crucial to understanding true impact Provide verifiable evidence of our impact Full transparency about the impact of the money entrusted to us Clarity about methodologies and dilemmas. 24

25 Assessing and Communicating impact So what do we do We build from the best reporting standards, such as GRI and the GABV scorecard Integrate financial and non-financial impact in our reporting We re transparent about our finance, sharing all our loans online Publish an online impact report/chapter exploring impact in depth, impact data points, authentic stories and the voice of the entrepreneur Assure our key impact data Use an impact manual to develop and clarify our approach and criteria Think and act globally: publish the Global Alliance for Banking on Values (GABV) sustainable banking impact scorecard. 25

26 OUR IMPACT: how to differentiate 26

27 What this means in practice Integrating financial and non-financial impact : Our online annual report 27

28 Our Challenges finding meaningful qualitative measures the nitty gritty of claims differentiation less is more embedding impact in the business in more meaningful ways ease and efficiency of impact data gathering building a broader framework (impact, risk and return). 28

29 Questions? Have thoughts or feedback? us: Find the full Linking GRI & IRIS Guidance at iris.thegiin.org Find the full Triodos Bank Report at Find the other webinars and further information on impact investing at Global Global Impact Impact Investing Investing Network, Network,