The Global Reporting Initiative (GRI) is a non-profit organisation that works towards a sustainable global economy by providing sustainability reporting guidance. It pioneered and developed a comprehensive Sustainability Reporting Framework that is widely used around the world and has enabled organisations to measure and report their economic, environmental, social and governance performance – the four key areas of sustainability.
PwC Malaysia, PwC Thailand and PwC Indonesia were certified by the GRI as their training partner in June 2011. Being a Certified Training Partner enables the firms to deliver training on how to report effectively based on the GRI Reporting Framework.
A two-day training will be offered to new and experienced reporters by PwC's Sustainability and Climate Change trainers. The training contains an application of GRI’s sustainability reporting framework and includes customised local content tailored to the region’s needs.
This training will be complemented with group exercises, interactive case study presentations and discussions to enable participants to better understand and apply the concepts shared. Participants will receive a certificate from GRI upon successful completion of the training course.
Our most recent training session covers the current GRI G4 Guidelines.
The G3.1 guidelines were published in March 2011 as a completion of its predecessor, the G3 Guidelines. The G4, meanwhile, is the GRI’s fourth generation of Sustainability Reporting Guidelines. The G4 is part of GRI’s commitment to continuously develop its reporting Guidelines.
This next generation of GRI Guidelines – G4 – will address requirements for sustainability data and enable reporters to provide relevant information to various stakeholder groups. It also improves on content in the current Guidelines – G3 and G3.1 – with strengthened technical definitions and improved clarity, helping reporters, information users and assurance providers.
The development of G4 used GRI’s multi-stakeholder international consultation method. Public Comment Periods, diverse expert Working Groups and GRI’s approval procedures ensures that G4’s guidance is consensus-based and reflects the broadest possible stakeholder input.
The G4 was published in May 2013.
There are four fundamental differences between the G4 and G3.1 Guidelines:
Application levels – The A, B and C (and +) grading levels that were used in G3.1 will not be part of G4. The strength of application will be based on ‘in accordance’ criteria. GRI reporters will be required to report on all general Disclosure Items and report on Management Approach and Indicators related to the Aspects selected as material aspects for the organisation’s value chain.
The overall focus of G4 is materiality and allowing companies to report only on what matters most to them. So being clear on the most material issues and being able to demonstrate their importance internally by setting the right management approaches and indicators is central to the new approach.
Supply Chain Disclosure –The current proposal for G4 includes a complete description of supply chain. There are new disclosure items (required type of information for all reporters) as well as Indicators (to be selected during the process to define report content).
When defining the boundary of your report, you must consider not only direct activities but also your company’s impact throughout the entire value chain. This is a step forward in helping companies understand the bigger picture of sustainability across all their activities.
Defining Report Content Protocol – As in G3.1 (G3), the proposal emphasizes the importance of the process to select material aspects to be reported on, by using the Reporting Principles.
The new element here is the concept of “identifying in which part of the organizations activities’ chain that aspect is material”. So, in the G4 context, the disclosure on a material Aspect has to be linked to the part of the organization’s value chain where the Aspect is material.
Disclosure for Management Approach - In G3.1 (G3) the Disclosure on Management Approach (DMA) guidance had a variety of forms. In the G4 Exposure Draft there is one general format to disclose DMA information at any Category, Aspect or even Indicator level. The DMAs should be disclosed only for material Aspects/Indicators.
G4 will introduce greater detail with a clearly structure set of issues to report on under each DMA Category. Some Aspects in discussion for GY include including Procurement Practices in the Economic Category, Equal Remuneration for Women and Men in the Labour Category, and two Aspects: Screening and Assessment, and Remediation, in four Categories (Environment, Labour, Human Rights and Society).
Our training will help you bridge the gap and understand the potential changes and their implications on your sustainability reporting process.
Note: GRI reports published after 1st January 2016 should be prepared in accordance with the G4 Guidelines
You will get an in-depth introduction to the G4 Guidelines. Our Certified Trainers will explain GRI's G4 guidance for governance and remuneration, value chain and boundary, management approach and materiality, and all levels of application.
You will learn what new disclosures have been created for GHG, anti-corruption and supply chain reporting, as well as how G4's renewed focus on materiality will impact your reporting and how GRI's inventory of disclosures can be used to create a report that is truly tailored to your organisation.
Participants will see how to apply the G4 reporting framework in a Malaysian and ASEAN context and how these principles and disclosures can maximise your organisation’s transparency and improve your sustainability reporting.
Every year, an increasing number of reporters adopt GRI's guidelines.
To enable all types of organisations to report, GRI selects and certifies local training partners in many countries around the world to offer a range of training courses.
Elaine specialises in climate change and carbon inventory development, with deep experiences in the Plantation, Property and Government sectors.