22 Dec 14

Why communication and verification are essential to CSR reports

We are all familiar with the adage ‘communication is key’, however when it comes to CSR reports this could not be more fitting because communication is a key element in making a company socially responsible. Communicating CSR provides evidence of a commitment to social and environmental issues, which, if transparent and correctly communicated, can encourage and embed sustainability within the wider internal and external environment.  While transparent communication can be seen to inspire others, magnifying the positive impact of CSR, there is risk associated with communicating information that is false or misrepresented for promotional purposes. Companies often focus the majority of their attention on external reporting as this is normally where the largest potential risks are identified, but it is vitally important to give internal communications the same attention in order to educate and further embed sustainable practises within the organisation. 

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Frameworks

18 Dec 14

The key drivers behind CSR reporting

CSR reporting has increased significantly in the last decade, with a substantial rise in the number of companies from Asia and Latin America publishing reports.  As a result The Americas has now become the leading CSR reporting region, overtaking Europe, with 76% the world’s top 100 companies producing a public CSR report, making it now considered standard global practise [KPMG 2013 sustainability survey]. The old debate of whether to report or not is waning and companies should instead be asking how they can implement relevant and effective CSR reporting processes. 

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Frameworks

16 Dec 14

Why engaging with your stakeholders is important for CSR reporting

Your organisation doesn’t exist in isolation. It relies on multiple interdependent relationships with customers, employees, suppliers, communities and investors; in other words your organisation’s stakeholders.

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Frameworks

15 Dec 14

The role of your supply chain in CSR reporting

Historically, organisations have not considered themselves responsible for the actions of business partners further down their supply chain. However, research suggests that in some sectors, such as manufacturing, the supply chain can account for up to 70% of both total expenditure and greenhouse gas emissions, accentuating the necessity to integrate supply chains into responsible business management processes [Accenture: why a sustainable supply chain is good business] and include them as part of CSR reporting.

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Non-Financial Reporting , supplychain , Frameworks

5 Dec 14

5 need to know facts about the EU directive on non-financial reporting

Back in April of this year, the EU adopted a new directive on disclosure of non-financial and diversity information by large companies and organisation.

This new directive will have direct implications for those affected by the change. But before you begin to worry about what this might involve and how quickly you need to act to, read these 6 facts to find out more about what you need to know on the new EU directive on the disclosure of non-financial information.

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Reporting Guidance

26 Nov 14

Supply chains: an essential part of brand management

Supermarkets and the horsemeat scandal, technology companies and environmental mismanagement, issues with illegal logging in the construction sector, human rights allegations in the fashion industry… There is a long list of recent examples highlighting just how important supply chains are in the management and development of brand reputation. With competition across all sectors now fiercer than ever, organisations must ensure that suppliers enhance their reputation and do not put it at risk.

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Supplier Relationships

20 Nov 14

Moving your supplier compliance process online

You might already be collecting your supplier information with a spreadsheet, so why would you want to change this approach and what are the advantages of moving to an online process? 

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Supplier Compliance

19 Nov 14

Supplier due diligence – the DOs and the DON'Ts

Over the last few years there has been a welcome growth in buying organisations recognising the importance of understanding the behaviour and practices of suppliers in their supply chain. 

However, for every buyer transitioning to an online solution, there are hundreds more suppliers about to be bombarded with yet another offline questionnaire or interrogated by consultants on a buyer’s behalf.  Unsurprisingly, this is leading to supplier fatigue and corresponding low compliance rates.

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Supplier Management

18 Nov 14

5 non-financial reporting challenges that CSR professionals are facing

Whether your goal is to improve your data collection efficiencies, increase the depth and detail of your analysis or have a better understand of what is happening on both a macro and micro level, there are some real challenges that CSR professionals are facing.

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Non-Financial Reporting

13 Nov 14

3 reasons you need a structured process for collecting supplier data

While many organisations currently collect data from their suppliers, the processes that they have in place are not always robust. Many rely on offline, manual approaches, which are time-consuming and inefficient.

But it doesn’t have to be this way. By adopting an online system, with a more structured process, it is straightforward for buyers to collect the information they need. In fact there are real benefits for buyers that implement a more structured process for collecting and managing supplier data.

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Supplier Management

12 Nov 14

ESOS guidance: a straightforward look at what you need to know

There has been a lot of talk recently about the new Energy Savings Opportunity Scheme (ESOS). With the first phase due to start on 31st December 2014, many organisations have questions about the scheme. To follow up from our post on Understanding ESOS, here is a further look at what is involved in ESOS and what qualifying organisations need to know.

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ESOS

3 Nov 14

What will SASB mean for your organisation?

The Sustainability Accounting Standards Board (SASB) is an independent, non-profit organisation that aims to develop and disseminate sustainability accounting standards to help US publicly-listed corporations disclose material information on how they impact value. The SASB Standards are comprised of disclosure guidance and an accounting standard on potential sustainability topics which corporations may find material in their industry.

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Reporting Guidance

31 Oct 14

An introduction to the Dow Jones Sustainability Index (DJSI)

The Dow Jones Sustainability Index (DJSI) is a family of indices that have a strong focus on stock performance and serve as a key benchmark of investors who consider sustainability as part of their portfolio risk assessments.

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Reporting Guidance

24 Oct 14

Should your organisation be reporting against ISO 26000?

Since 1947, the International Organization for Standardisation (ISO) has published more than 19,500 International Standards covering a huge breadth of aspects of technology and business. Published by ISO in 2010, the ISO 26000 is a voluntary purchased framework that any type of organisation can use as a tool for improved social responsibility. A series of Core Subjects are covered in the standard and the framework is intended to provide guidance on the actions and expectation for organisations to address in each topic.

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Reporting Guidance

21 Oct 14

How well do you understand the risks in your supply chain?

In the past few years the sustainability landscape has shifted. Previously, organisations were primarily focused on getting their own house in order, so looking at their own emissions, their own impacts and what their employees were doing. As organisations have matured, they're definitely starting to look  further into their supply chain. Now, they're looking beyond their front doorstep to the wider boundaries of reporting and evaluating what their suppliers are doing.

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Supplier Management

17 Oct 14

Who’s reading your CDP scores?

The primary focus of CDP is the reporting of environmental information, particularly greenhouse gas (GHG) emissions, with CDP referring to themselves as a “global system for companies and cities to measure, disclose, manage and share vital environmental information”. Over 750 investors (representing US$92 trillion in assets) work with CDP to assess the risks within their investment portfolios.

Originally set up as the Carbon Disclosure Project, CDP now has broader reporting standards for water, forestry, cities and supply chain issues alongside its annual climate change program but is still focused on providing information for investors.

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Reporting Guidance

15 Oct 14

How are you complying with the supply chain aspects within GRI G4?

If you're reporting against GRI, then you know you’re going to have to answer questions specifically on your supply chain. In fact, the increased focus on supply chain disclosure is one the key aspects of the GRI G4 guidelines, ensuring a more holistic approach to the overall sustainability performance of a company.

There are questions dotted throughout the GRI on suppliers and supply chains. This includes sections on labour, human rights, society, environment, and then there are also procurement practice questions. For companies to comply with GRI G4’s supply chain aspects robustly they need to be confident that they can gather and analyse all of their supplier data.

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GRI G4 , Supplier Management

13 Oct 14

How can online tools help you focus on suppliers that really matter

It’s impractical and unrealistic to expect buyers to use a manual process for managing supplier information requests. Asking all of your suppliers to complete an anti-bribery or working conditions questionnaire by email and spreadsheets is not efficient and for organisations with thousands of suppliers it is impossible; the administrative overheads are too great. It’s why organisations typically focus on just the suppliers they knew well already but it means there are potentially many gaps in the supply chain which go unnoticed.

With an online process, there is no reason why you can’t ask everyone the same set of core compliance questions and then go deeper on those suppliers that are material to your organisation.

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Supplier Relationships , Supplier Management

10 Oct 14

Should your organisation be considering Integrated Reporting?

Integrated Reporting <IR> is the process of producing a concise report on how an organisation’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term. <IR> brings together reporting on financial, environmental, social and governance information in a manner that is clear, concise, consistent and comparable. 

The global authority on <IR> is the International Integrated Reporting Council (IIRC), whose aim is to enable <IR> to be embedded into mainstream business practice in the public and private sectors.

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Reporting Guidance

8 Oct 14

Why use an online process to collect supplier questionnaire responses?

For many organisations, collecting survey information from suppliers relies on a manual process. This typically means suppliers will be emailed a questionnaire form that they then fill in, sign, and then scan and send back via email.

With this manual process, buyers are spending a lot of time collecting the information, chasing out responses and trying to make sure that the questionnaire is completed. For many, it takes up so much of their time, that they can't then spend any more time focusing on the analysis side. This means there is no real understanding of what is really happening with their suppliers and limits the opportunities to identify areas of risk in the supply chain.

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Supplier Relationships

7 Oct 14

Putting a value on Natural Capital: the why and how

The scale of valuing Natural Capital as part of a sustainability reporting process could range from thinking about the suppliers selected to a structured accounting approach that seeks to quantify non-financial impacts with the same rigour as financial impacts. Using either approach, these assessments should feed into a high-level strategy of engraining sustainability in the operations, products and geographies of the business. Puma’s Environmental Profit & Loss (E P&L) Report is a high profile example of the financial accountancy approach to valuing Natural Capital[1].

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Natural Capital

3 Oct 14

What the Modern Slavery Bill could mean for managing supplier relationships?

The Modern Slavery Bill is expected to be debated in Parliament before the end of 2014 and is expected to become law before the 2015 General Election.  If passed, it is expected to grant courts in England and Wales new powers to protect individuals who are trafficked into and within the UK, held against their will and forced to work. 

For companies, the Modern Slavery Bill could result in a real change to the way they are expected to report on modern slavery in their supply chain.

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Modern Slavery

3 Oct 14

The UN Global Compact: ten principles explained

Signing up to The United National Global Compact (UNGC) commits a company to Ten Guiding Principles on human rights, labour, environment and anti-corruption. It specifically commits the executive leader of an organisation and is therefore seen as an important public, top-down commitment to sustainability and better corporate citizenship.

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Reporting Guidance

30 Sep 14

What is Natural Capital and how does it link to materiality?

A recent study by PwC revealed that only two of the UK's 100 largest listed companies mentioned "Natural Capital" in their annual reports[1]. There are a number of definitions of Natural Capital.  Some distinguish between ecosystems, ecosystem services, biodiversity and natural resources but broadly a consensus forms around it being an aspect of the natural environment that provides value to people.

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Natural Capital

26 Sep 14

Is GRI G4 the right sustainability framework for your organisation?

The Global Reporting Initiative (GRI) is a framework for comprehensive corporate social responsibility reporting on environmental, social and governance topics. The latest iteration of the framework, GRI G4, puts stakeholder engagement to determine materiality at the forefront of the reporting methodology.  

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Reporting Guidance , GRI G4

24 Sep 14

Three key questions to ask when choosing a CSR reporting framework

The non-financial reporting landscape can be crowded and confusing for organisations that are constantly tasked with navigating definitions, timescales and requirements for different reporting channels. Most global organisations report in some way on their non-financial performance, strategy and vision, whether it’s through mandated legislation, voluntary schemes, social media or direct communication with stakeholders. But as the pressure increases on organisations to report more information, to more stakeholders, in a more accurate way, more often, it’s understandable that it can get a little overwhelming.

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Reporting Guidance , Frameworks

10 Sep 14

How are expectations of supplier relationships changing?

When it comes to managing relationships with suppliers, businesses are under increasing pressure. Why has this come about? Partially it’s because of evolving standards and legislative requirements related to human rights, social inequality and safeguards for consumers (amongst other factors). These require businesses to be proactive with their suppliers, to ensure compliance.

Alongside this, there is a rising numbers of online commentators, who are using social media, blogging and video to highlight any apparent success or otherwise.  While businesses were once less visible, this modern network of influencers means the need for transparency is growing. Now, more than ever, organisations need to understand how the expectations of supplier management are changing, so they can meet and exceed them. 

The influence of environmental factors on supplier relationships

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Supplier Data

1 Sep 14

New SupplierPortal software release

The latest version of SupplierPortal is going live in September.  We have drawn on our wide experience of the market and our clients’ use of the portal to create an even more comprehensive solution for managing the day to day challenges of supplier due diligence.

Using the latest analytical technologies, the user interface has been carefully enhanced to accommodate all the new functionality without compromising our renowned, easy-to-use approach, to the Buyer and Supplier user experience.

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Supplier Compliance

1 Sep 14

Understanding conflict minerals in the supply chain

State of reporting in the U.S

Nearly three months have passed since the submission deadline for U.S. listed companies’ conflict minerals reports, and the results have been disappointing. Although over 1,200 companies managed to file reports prior to the deadline, a large proportion failed to comply with the ruling through omissions of mandatory items.

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Supplier Compliance

1 Sep 14

Case Study: Improve Supplier Compliance and Reduce Risk in Your Supply Chain

Greenstone SupplierPortal is a flexible, scalable, easy to use tool that enables the efficient collection of Supplier data and provides a suite of Buyer analytics to monitor compliance, performance and minimise risk.  It enables suppliers and buyers to share data through a secure online solution, enabling buyers to focus on monitoring and identifying potential areas of risk and undertaking in-depth supplier analysis, rather than simple data gathering. The Portal includes customisable Buyer features, for example: questionnaires, scorecards, flags, group comparisons and benchmarks. 

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Supplier Compliance , SupplierPortal , supplychain

28 Aug 14

What you need to know about the ISO 14001 revision

In 2015, a revised version of ISO 14001 will be published; the standard designed to help organisations create the systems and processes that they need to manage their environmental impact and risk. For many organisations, the aim of implementing ISO 14001 is to ensure a robust environmental management system is in place to manage and report information more effectively.

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Reporting Guidance

15 Aug 14

How to Choose the Right Framework for your Non-Financial Reporting

Selecting the right sustainability framework for your non-financial reporting can be a challenge. While there are several compelling reasons for organisations to report on their non-financial performance, including mandatory reporting requirements and opportunities to enhance reputation, there is little guidance available when it comes to selecting the best sustainability framework for your reporting requirements.

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Non-Financial Reporting

8 Aug 14

How to choose the right non-financial reporting framework

The non-financial reporting landscape can appear crowded and confusing, particularly when it comes to choosing the right non-financial reporting framework for your organisation.

While reporting non-financial performance has become increasingly important for organisations, it’s also, if anything, become more complex. The need to navigate through a wide range of definitions, timescales and expectations puts pressure on individuals and organisations to make the right choice when it comes to selecting a reporting framework. They need to understand their reporting requirements and choose the most appropriate reporting framework. 

There are many clear reasons for organisations to report on their non-financial performance, including legal requirements, reputation enhancement and opportunities to identify saving opportunities. But these reasons alone don’t necessarily help when it comes to choosing the right reporting framework to use.

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Non-Financial Reporting

1 Aug 14

Understanding ESOS: What you need to know

The Energy Savings Opportunity Scheme (ESOS) is a new government policy that requires enterprises in the UK to complete mandatory energy audits. 

Why has ESOS been introduced and what is its purpose?

ESOS originates in EU legislation and the energy efficiency directive, which requires member states to introduce mandatory energy audit systems for its larger organisations.

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Reporting Guidance , ESOS

25 Jul 14

How to manage supplier data efficiently and accurately

Data2As a buyer, there’s a good chance you are juggling data, left, right and centre. You’re trying to keep on top of your supplier data, while also having to compare supplier performance and monitor supplier compliance.

But it’s not an easy task for suppliers to manage these data requirements either. On top of supplying their products or services, suppliers are increasingly expected to process countless requests for data. Often they have to calculate their carbon, waste and water footprints, generate reports for general business use and share this information with all of their customers to demonstrate a level of compliance. 

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Supplier Data

24 Jul 14

What you need to know about techniques for monetising Natural Capital

As well as Natural Capital becoming an important part of your sustainability reporting, there is a practical approach for organisations to integrate Natural Capital into financial accounting. Using a robust monetary valuable, when market prices are obtained from exiting market structures, can be used to determine the economic value of an environmental benefit. 

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Natural Capital

18 Jul 14

How can software help with your CSR reporting?

For modern organisations, working with a wide range of data is a reality. When it comes to CSR reporting this is certainly true. But having the right structure in place to collect, manage and analyse this data can be the difference between it being a smooth process or an organisational challenge. There are many ways that investing in non-financial reporting software can help with CSR Reporting, supporting the growing requirements of non-financial reporting and providing companies with increased confidence in their data.

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Non-Financial Reporting , Frameworks

18 Jul 14

Home Office Partners with Greenstone to Measure ICT Energy and Carbon Footprint

The Home Office has become the latest UK Government department to measure its ICT related energy and GHG emissions using Greenstone’s Enterprise system.  The department produced its annual ICT footprint as part of the Cabinet Office Greening Government ICT programme. 

In 2011, the UK Government launched its ‘Greening ICT Strategy’ with a vision to create “a cost effective and energy efficient ICT estate…..with reduced environmental impacts to enable new and sustainable ways of working for the public sector.” As a result, 15 central government departments are required to submit an annual report outlining their progress on mandated commitments and actions on greening their ICT estate to the Cabinet Office.

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Non-Financial Reporting , IT

17 Jul 14

An introduction to Natural Capital

Some people might just see the term ‘Natural Capital’ as another bit of jargon making it’s way into the world of sustainability reporting. But actually, as a concept, it has an important role to play in supporting an organisation’s understanding of the broader environmental cost and impact of business.

We’ve recently published a new eBook ‘Beyond CSR Reporting: How to Value Natural Capital”, which takes an in-depth look at the role it has in helping organisations understand the broader environmental cost of their business.

Defining Natural Capital 

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Natural Capital

10 Jul 14

5 questions to ask when researching non-financial reporting software

When starting to review your options for non-financial reporting software, it can be difficult to know where to start. How can you be sure you’re investing in the right software for your company? How can you know that it is going to help you to achieve your sustainability goals? 

While the answer will depend on your industry and your strategy, there are some common considerations. Here are a few tips as to how to make the right decision.

What are you looking for in your non-financial reporting software?

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Non-Financial Reporting

8 Jul 14

Download the eBook “Beyond CSR Reporting: How to Value Natural Capital”

While a typical approach to reporting involves reviewing performance over the last year and assessing the next few years to set targets and goals, organisations need to take a longer term approach to ensure continued success.

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Natural Capital , Frameworks

3 Jul 14

How to make a sustainability strategy resonate with your finance team

Successfully engaging with your finance department can be the difference between having the budget to support your sustainability strategy and having to restrict your sustainability plans for another year. 

But this is easier said than done. While having the necessary funds in place is a vital step to support your plans and ambitions, finance teams are under a lot of pressure to keep a tight rein on any expenditure.

So what can you do to move the conversation forward? Here are ideas on how you can start to build your case and engage with your finance department.

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Sustainability

25 Jun 14

7 real issues that shouldn’t stop you collecting responsible sourcing data

If you were to round up a room full of buyers, and ask them what challenges they face when collecting responsible sourcing data, you’ll likely be flooded with different answers! 

So if every buyer faces different challenges what chance do they have of getting it right and bringing suppliers with them?

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20 Jun 14

3 common myths about using spreadsheets for non-financial reporting

Did you know that an estimated that 88% of spreadsheets contain errors [Source: Marketwatch]. So, why is it then that many organisations are still using spreadsheets for their non-financial reporting

Spreadsheets are perceived as an easy, quick and accessible solution. Unfortunately this isn’t always the case; for many organisations the reverse its true. In some instances, the myths surround spreadsheets are preventing CSR professionals from making accurate, data-driven decision.

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Non-Financial Reporting , Spreadsheets

18 Jun 14

How to improve transparency in your non-financial reporting

Demands for transparency in non-financial reporting are high. Your key stakeholders, customers, suppliers and investors are used to a world where they can readily find the information they are looking for and increasingly expect this in your non-financial reports. 

So, what are some of the steps that you can take to improve transparency in your non-financial reporting?

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Non-Financial Reporting

17 Jun 14

Supply chain implications of the new EU directive on non-financial reporting?

7183154861_cbc68a7112_zWhen the European Union adopts a new directive on non-financial and diversity information, affected companies and their suppliers all have to respond.  

Large companies’ influence extends far beyond their traditional organisational boundaries and this legislation is therefore destined to have an impact on those companies’ direct and indirect suppliers.

To help you understand what changes this new directive will introduce and how it will impact your non-financial reporting, we’ve summarised the main points below.

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Supplier Compliance

17 Jun 14

SupplierPortal readiness assessment

Register for a free SupplierPortal Readiness Assessment that reviews your supplier due diligence process and identifies ways to reduce cost, increase transparency and reduce the risk of non-compliance.

The session will cover:

WHO?

Identify people across the business who need to collect, review and report compliance and other information from suppliers

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Supplier Compliance

12 Jun 14

What are the benefits of the new FRC strategic report guidance?

The Financial Reporting Council (FRC) has published new strategic report guidance to encourage companies to prepare a high quality report. The purpose of the guidance is to help and support companies deliver a report which provides shareholders with a holistic and meaningful picture of an entity’s business model, strategy, development, performance, position and future prospects.

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Reporting Guidance

10 Jun 14

4 signs you should invest in non-financial reporting software

Companies have not always invested in robust systems for managing and analysing their non-financial data. Yet, as a result of growing non-financial reporting requirements, companies need greater confidence in their data accuracy. On top of this, there is a rising expectation that companies will use their data to improve their performance over time. All of this can be a challenge, without the right structures in place. 

It may, therefore, be time to reconsider the role non-financial reporting software could have in your organisation. Here are four signs that it’s time to introduce software to your non-financial reporting.

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Non-Financial Reporting

29 May 14

Gathering and managing your suppliers’ compliance data - the questions to ask

It’s no secret that there is more data in the world than ever before. In fact, 90% of the world’s data has been created in the last two years [Source: Science Daily]. 

But more data isn’t necessarily better, especially if there isn’t a system or process to manage it fully. Whether you want to monitor supplier’s information identify potential areas of risk or manage your suppliers more efficiently, having the right data will make this easier for you.

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Supplier Compliance

27 May 14

Four factors that can make or break your sustainability plans

Screen_Shot_2014-05-27_at_09.30.06Championing your organisation’s sustainability strategy can be a challenge. You spend hours developing and refining your plans, ensuring that they provide you with the groundwork to achieve your targets. But even the best laid plans don’t always run smoothly.

There are many aspects that can affect your sustainability strategy. Being aware of these factors and including them in your plan, will help to make your sustainability strategy a success.

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Sustainability

20 May 14

Four tips to Optimise Your CDP Score

With less than two weeks to go until this year's CDP deadline, many organisations are putting the finishing touches to their response.  However, if you are a behind schedule or new to the whole process, don't worry - there is still time to complete your submission.

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19 May 14

CSR misconceptions – what to believe?

With new directives, updates in legislation and the changing expectations of consumers, corporate social responsibility is a bit of a moving target these days. Add in the level of nuance that tends to surround CSR and you’ve created a perfect environment for misunderstanding and CSR misconceptions.

It’s no wonder that there are a lot views, expressed as fact, that don’t stand up to scrutiny.  We look at a few of the more common ones below:

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Insights , Frameworks

15 May 14

7 easily achievable ways to kickstart and improve your CSR programme

When it comes to corporate social responsibility programmes, businesses often find themselves thinking big and long term. Ambitious plans to address sustainability challenges are, of course, commendable. But, it can often be the case that introducing little changes as part of your CSR programme that can ultimately make a big difference. So, don't neglect the small changes, because they can help make a difference with your CSR.

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Insights , Frameworks

30 Apr 14

How to Reduce your IT Carbon Footprint

ICT equipment can account for 15% of electricity consumption in offices and 2% of overall global greenhouse gas (GHG) emissions, a figure which is set to rise.  With energy prices continuing to increase, companies need to find ways to lower without compromising innovation.  Significant savings can be achieved by following a few simple steps.

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IT

16 Apr 14

What is the implication of the new EU directive on non-financial reporting?

When the European Union adopts a new directive on non-financial and diversity information, the world of CSR and affected companies both have to respond.  Company Secretaries and CSR professionals will need to react to this new directive and learn how to revise and adapt their strategy accordingly.  Quickly understanding the implications of the new directive and its impact need to be a priority.

Who will this new directive on non-financial information affect?

The directive, which has a report or explain approach to providing the required information, is intended to provide greater transparency and accountability of non-financial information.  It will affect large companies operating in the EU (those with over 500 employees) – approximately 6000 so-called ‘Public Interest Entities’.

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Non-Financial Reporting

9 Apr 14

Investors’ survey highlights use of non-financial data in investment decisions

A recent report published by Ernst & Young examined the increasing use of non-financial reporting data by investors.  Over the past 12 months, 9 out of 10 investors surveyed found that non-financial performance information played a crucial role at least once in their decision-making.  

Investors highlighted materiality and a link to financial performance as two key factors they looked for when reviewing ESG data.  Geographic locations had a significant impact on the frequency with which non-financial information was used. Over 70% of respondents based in emerging markets frequently or occasionally used non-financial data, compared with only 49% of those in developed markets. Non-financial reporting was considered to be particularly relevant in the mining, energy and industrial sectors.

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Non-Financial Reporting

31 Mar 14

Recommendations for Stock Exchange Requirements on Corporate Sustainability Reporting

More than a hundred institutional investors have developed recommendations for integrating disclosure on environmental and social issues into listing rules for stock exchanges worldwide. The proposal, released on 26th March by sustainability advocacy group Ceres, is part of an effort to develop a common standard for sustainability reporting for listed companies globally.  

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Non-Financial Reporting

25 Mar 14

BAFTA Albert Consortium Announces New Partnership With Greenstone

The British Academy of Film and Television Arts (BAFTA) has today announced a new partnership between the BAFTA Albert Consortium, responsible for the industry carbon calculator Albert, and Greenstone, a leading provider of non-financial reporting solutions. The partnership will see the redevelopment of the Albert carbon calculator, enabling better carbon reporting for television and film productions. 

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News

3 Mar 14

EU companies to report on social, environmental, supply chain and human rights impacts - update on EU non-financial reporting reform

After weeks of negotiations, EU government representatives reached a last minute compromise on the reform on non-financial reporting during the Coreper meeting last week. This compromise, between EU member states and the European Parliament, means that the European Commissions’ draft Directive for large companies to start reporting non-financial information will go to final vote in April. 

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Non-Financial Reporting

10 Feb 14

Why is H&S management so important for companies and how can centralised reporting help?

According to the Health and Safety Executive (HSE) UK, every working day in the UK at least one person is killed and over 6,000 are injured at work. These Health & Safety (H&S) risks, that can be even higher outside the UK, affect all organisations. 

There are many reasons for companies to pay close attention to H&S. First, there is a social imperative that all employees should be able to work in a safe environment and companies must also comply with regulations. In addition, good H&S management can reduce business risks and costs as well as improving your brand.

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Health & Safety

6 Feb 14

UN Global Compact: Communication on Progress

At Greenstone, we understand that we play a role in helping organisations to meet many of the UN’s goals and objectives, including the ten principles of the UN Global Compact (UNGC). 

We actively use and promote the UN Global Compact Principles as a standard for our clients and are dedicated to improving the transparency of corporate reporting in the 4 key areas – human rights, labour, environment and anti-bribery and corruption.

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Frameworks

24 Jan 14

Does my organisation qualify for CRC Phase 2?

The Carbon Reduction Commitment (CRC) has launched its next phase - Phase 2 - which will run from 1 April 2014.  Phase 1 participants, as well as organisations qualifying for the first time, must register and pay registration fees for Phase 2 by 31 January 2014. 

It is the participant’s responsibility to determine whether it qualifies for each CRC phase. Even if your organisation qualified for Phase 1, it must still reassess qualification for Phase 2. Please see below answers to some common CRC Phase 2 questions.

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Non-Financial Reporting

21 Jan 14

Are you reporting against India's National Voluntary Guidelines?

The National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) are a set of guidelines to help the corporate sector improve CSR reporting in India. Greenstone’s Enterprise software now includes emissions factors from the Government of India’s ‘CO2 Baseline Database for the Indian Power Sector’1

This offers Greenstone clients the option to use nationally recognised emissions factors compiled from all grid-connected power stations in India. The emissions factors offer different emissions factors for each Indian state based on India’s two main electricity grid systems: the Integrated Northern, Eastern, Western, and North-Eastern regional grid (NEWNE) and the Southern Grid. For each grid, the main emission factors are calculated by the Central Electricity Authority in accordance with relevant Clean Development Mechanism (CDM) methodologies.

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Non-Financial Reporting

14 Jan 14

Are you ready for CDP 2014?

The CDP has recently launched the CDP 2014 reporting process.  The full set of CDP 2014 questions is live now in Greenstone’s global enterprise solution, enabling organisations to gather input to their CDP report from all their locations in a user-friendly and consistent format.  Questions can be assigned to specific locations with responses collated for each question and exported into a consistent format for completing your online CDP response.   

Using Greenstone to meet your CDP reporting requirements is an efficient way to collect and consolidate accurate data across your organisation saving you time and ensuring transparency.  If you need support preparing or collating your company’s response, get in touch with our team to find out how we can help. 

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Environment

2 Jan 14

What are the global trends in non-financial reporting? KPMG survey

The recently published KPMG International Survey of Corporate Responsibility Reporting 2013, found that non-financial reporting is an upward trend, with almost three quarters of the largest companies in 41 countries worldwide producing Corporate Responsibility (CR) reports every year.

Almost 80 percent of the 4,100 companies issuing CR reports globally use the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines, according to KPMG.

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Non-Financial Reporting

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