Sustainability

Report, GRI, ISO,

and SASB
Abanid, Alzona, Cosico and Gonzaga
Global
Reporting
Initiative (GRI)
Introduction/
background and
history
The Global Reporting Initiative (GRI) is
an international, independent,
nonprofit entity that provides a widely
recognized framework for
sustainability reporting. GRI’s mission
is to “sustainably improve the world
by enabling organizations to
understand and communicate the
impacts of their activities on people
and the environment.”
 History Timeline
Since becoming an independent organization
in 2002, GRI has continually updated and
refined its guidelines to keep pace with
evolving sustainability challenges and
stakeholder expectations.

1997 2002 PRESENT

Today, GRI is recognized as a leading

The Global Reporting Initiative (GRI) was authority in sustainability reporting, with
established as an initiative of the United Nations its standards widely adopted by
Environment Programme (UNEP), with the aim of thousands of companies, governments,
developing a framework for sustainability and organizations globally seeking to
reporting to enhance corporate transparency and demonstrate their commitment to
accountability regarding environmental, social, sustainable development and responsible
and governance (ESG) issues. business practices.
Concept,
Framework,
and Standards
The GRI Standards are a set of guidelines
that provide a framework for sustainability
reporting. These standards cover a wide
range of economic, environmental, and social
topics and are used by organizations around
the world to report their sustainability
performance and impacts.
There are The Universal Standards provide a
Universal foundation for all GRI reporting. They
three main Standards cover topics such as governance,
sections of the strategy, and management approach.
GRI Standards:
The Sector Standards provide additional
Sector guidance for organizations in specific
Standards sectors, such as agriculture,
manufacturing, and financial services.

The Topic Standards provide detailed

Topic
guidance on specific topics like climate
Standards change, human rights, and corruption.
The Key Characteristics of GRI
1. Multi-stakeholder engagement. The GRI Standards are developed through a multi-
stakeholder process that includes input from a wide range of organizations, including
businesses, civil society groups, labor unions, and academic institutions.
2. Comprehensive. Since the GRI Standards cover a wide range of economic, environmental,
and social topics, they provide an encyclopedic framework for sustainability reporting.
3. Materiality. The GRI Standards emphasize the relevance of sustainability issues to an
organization’s operations and stakeholders
4. Transparency. The GRI Standards require organizations to disclose information about their
sustainability performance in a transparent and accessible way, allowing stakeholders to
understand the organization’s sustainability impacts and progress.
5. Continuous Improvement of Sustainability Performance. The GRI Standards encourage
organizations to continually improve their sustainability performance by setting goals,
tracking progress, and reporting on their performance.
The GRI Reporting Process
The GRI Reporting Process is a structured approach for organizations to report their
sustainability performance using the GRI Standards. Generally, the process has the following
steps:

1. Preparation: The organization should list its stakeholders, assess their concerns and
expectations, and determine the scope of its sustainability report.
2. Materiality assessment: The organization should conduct a materiality assessment to
identify the sustainability topics that are most important to its stakeholders and its
operations.
3. Data collection: Relevant data and information should be collected by the organization on
the identified sustainability topics, using both internal and external sources.
4. Report drafting: The organization should draft the sustainability report, including the
management approach and the performance data for each identified topic.
The GRI Reporting Process
5. Review and validation: The draft report should be reviewed to ensure accuracy
and completeness, and it should seek feedback and validation from stakeholders.
6. Report publication: The final report should be published and each organization
should communicate its sustainability performance to its stakeholders, using various
channels and formats.
7.Follow-up and improvement: The organization should track its progress against
the identified goals and commitments and continuously improve its sustainability
performance over time.
Global Reporting Initiative. “GRI Standards by Language.”
How to Use the GRI Standards
Generally, the GRI Standards can be used to
determine the scope of reporting. Organizations
should identify the boundaries of their
sustainability reporting, including but not limited
to the relevant activities, products, and services
that are included in the respective sustainability
report. Also, organizations should conduct a
materiality assessment to identify the
sustainability topics that are most important to
their stakeholders and to their operations.
Additionally, organizations can review the GRI
Standards and identify those that apply to their
reporting scope and material topics. Organizations
should also develop the reporting content for each
identified GRI Standard, including the
management approach, performance data, and
indicators. Once these reports are developed, the
organizations can also publish the sustainability
report externally, making it available to their
stakeholders and the public. The report is
expected to be communicated in a transparent,
accurate, and accessible way.
 Why Is the GRI
Important?
The Global Reporting Initiative (GRI) is
important because it provides a standardized
approach to sustainability reporting. Also, it
increases accountability and builds trust with
stakeholders, given the transparent nature
of the GRI. Additionally, the GRI Standards
help mitigate potential negative impacts on
the environment, society, and business
operations.
GRI has partnered with the Department of
Trade and Industry (DTI) in the Philippines
to train micro, small, and medium
There is growing pressure for MSMEs to
enterprises (MSMEs) in sustainability
adopt sustainable practices, as
reporting.
sustainability and green economic growth
The collaboration aims to provide
become priorities at both national and
capacity-building sessions for MSMEs on
global levels.
sustainability reporting and convene
National regulations on sustainability
policy dialogues and roundtable
reporting and sustainable finance are
discussions on sustainability topics such as
being issued, and global value and supply
supply chain management and
chains are required to meet stricter
sustainability procurement.
sustainability requirements.
MSMEs play a crucial role in the economic
development of ASEAN Member States
(AMS), contributing significantly to
employment, GDP, and national exports.
1.Standardization: GRI provides a
standardized framework for sustainability
reporting, ensuring consistency and
comparability of sustainability data across
different organizations and sectors.
2.Transparency and Accountability: GRI
promotes transparency by requiring
organizations to disclose information about
their economic, environmental, and social
impacts in a comprehensive and accessible
manner.
3.Stakeholder Engagement: GRI's multi-
stakeholder approach ensures that diverse
perspectives are considered in the
development of its reporting standards.
4.Risk Management: Sustainability reporting
helps organizations identify and manage
environmental, social, and governance (ESG)
risks and opportunities.
5.Competitive Advantage: Adopting GRI
standards can provide organizations with a
competitive advantage by enhancing their
reputation, attracting investors and customers
who prioritize sustainability, and fostering
innovation and efficiency in business
operations.
6.Regulatory Compliance: GRI reporting may
help organizations comply with regulatory
requirements related to sustainability
disclosure.
 List of
Del Monte Philippines, Inc. LandBank Philippines
Companies in
the Philippines Ayala Corporation San Miguel Corporation

that uses GRI

Jollibee Foods Corporation SM Investments Corporation
Standards
Aboitiz Equity Ventures Globe Telecom, Inc.

Meralco (Manila Electric

Manila Water Company, Inc.
Company)

Energy Development Universal Robina Corporation

Corporation (EDC) (URC)
ISO
International Organization for
Standardization (ISO)
Started in 1947 as an independent, non-
governmental membership organization
To keep our products and processes safe,
effective, and sustainable
Based in Geneva, Switzerland
ISO is dedicated to fostering continuous
improvement, and reviews each standard
every five years
 ISO Timeline
ISO 9001 ISO 14001 ISO 50001
ISO 45001
On quality On Environmental On Energy
On Health &
Management Management Management
Safety
Systems Systems

1947 1987 1995 1996 2010 2011 2016 2018

ISO 20071 ISO 26000 ISO 37001

ISO is Created On Information On Social On Anti-
Technology Responsibility bribery
Management
 ISO
Standards
 A. ISO 9001: Standards
for Quality Management
Systems (QMS)
Globally recognized standard for quality
management
It helps organizations of all sizes and
sectors to improve their performance,
meet customer expectations and
demonstrate their commitment to
quality.
B. ISO 27001: Standards for Information
Security Management Systems (ISMS)
It touches on the right to privacy, confidentiality, and data
protection.
For certain organizations operating with a high level of data
exchange, these matters become essential to ethical business
conduct.
ISO27001 provides a robust framework for:
o Safeguarding cybersecurity;
o Protecting organizations from security threats;
o Increasing the reliability of their systems;
o Staying ahead of regulatory requirements.
 C. ISO 14001: Standards for
Environmental Management Systems

The standard helps organizations improve

environmental performance through resource
efficiency and waste reduction
 D. ISO 26000 – Guidance on Social
Responsibility
Provides guidance to any organization that wishes to strengthen its
CSR strategy
They cover the 7 core subjects in CSR:
o Organizational governance;
o Human rights;
o Labor practices;
o Environment;
o Fair operating practices;
o Consumer issues;
o Community involvement and development.
E. ISO 50001: Standards for Energy
Management Systems (EnMS)
The certification for an energy management system is particularly
relevant for energy-intensive industries. These industries include,
but are not limited to:
o Food;
o Pulp and paper;
o Basic chemicals;
o Refining;
o Iron and steel;
o Nonferrous metals (primarily aluminium);
o Non-metallic minerals.
F. ISO 37001 – An Anti-Bribery Management System
Addressing anti-corruption and bribery stands central in regulatory
frameworks and external sustainability initiatives.
There is mention of the topic in:
o The Sustainability Development Goals;
o The United Nation’s Global Compact;
o EcoVadis;
o The US Foreign Corrupt Practices Act;
o The French Sapin II Law.
This standard allows companies to:
o Manage regulatory requirements;
o Comply with external initiatives;
o Effectively implement control mechanisms;
o Ensure stakeholder assurance.
 G. ISO 45001: Standards for
Occupational Health and Safety
Management Systems
Built on the previous Occupational Health and Safety Assessment
Series, the OHSAS 18001
Not only focuses on preventing and minimizing health & safety
risks and hazards but also concentrates on opportunities and
improvements.
Applicable to virtually all organizations which operate with a
workforce. However, it is most relevant to those with factories, in
which risks of injuries, diseases, and fatalities are highest.
Types of ISO Audits

Internal Audits (First-Party Supplier Audits (Second-Party External audits (third-party

Audits) Audits) audits)

Conducted by a designated auditor Audits undertaken by a purchasing Conducted by third-party auditors to

within your company company over their suppliers or assess an organization’s ISO
Audit results can and should be supply-chain providers compliance
communicated to the appropriate
stakeholders
 1 – Customer focus

The Seven 2 – Leadership

Quality 3 – Engagement of people

Management 4 – Process approach

Principles 5 – Improvement

6 – Evidence-based decision making

7 – Relationship management
Why Is ISO Compliance
Important?
ISO compliance signals adherence to global best
practices
Enhances trustworthiness with clients and consumers
Provides a competitive edge in the market
Offers frameworks for optimal practices, such as ISO
9001 for quality management and ISO 27001 for
security controls
Protects against vulnerabilities with security measures
like risk management and data security
Demonstrates dedication to quality, safety, and
customer privacy
Safeguards the organization's bottom line
 How Does complying with ISO Standards assist the
Organizations?

Promotes Innovation: ISO standards promote

Facilitates Global Trade: ISO standards are
innovation by encouraging companies to
recognized and respected worldwide, making it
continuously improve their products and
easier for companies to do business with each
services through research and development.
other across different countries and regions.
Streamline Operations: ISO standards provide
Improves Quality and Safety: ISO standards set
guidelines for effective management systems,
guidelines and requirements for quality
reducing inefficiencies and improving
management and safety measures, ensuring
productivity.
that products, services, and processes are safe
Ensures Environmental Sustainability: ISO
and reliable.
standards set guidelines for sustainable
Boosts Customer Satisfaction: ISO standards
business practices, helping companies minimize
help companies meet customer expectations by
their environmental impact and operate in a
guiding on how to deliver products and services
socially responsible manner.
that meet or exceed customer requirements.
The Top 10
ISO 9001
1- DHL Express (Philippines), Inc. 6- Kuehne + Nagel
Certified
Companies In 2- FedEx Corporation
7- Panalpina World Transport
(Phils.), Inc.
The Philippines
3- United Parcel Service of 8- Expeditors International of
America, Inc Washington, Inc

4- DB Schenker 9- Agility Logistics Corp

5- Nippon Express Philippines

10- Aboitiz Equity Ventures
Corporation
SASB
What is the SASB?
The Sustainability Accounting Standards
Board (SASB) is a non-profit organization,
founded in 2011, that strives to establish and
maintain industry-specific standards for
guiding the disclosure of financially material
sustainability information by companies to
investors and other financial stakeholders.
What are SASB Standards?
Serving as an ESG guidance framework, the SASB
Standards (link resides outside ibm.com) identify
sustainability issues that may impact financial
performance and enterprise value for companies in 77
industries. These industry-specific standards include
six disclosure topics and 13 accounting metrics across
five key dimensions of sustainability—environment,
social capital, human capital, business model and
innovation, and leadership and governance.
 The SASB’s approach to standard-setting

Global applicability: The SASB Standards aim to

SASB’s standard-setting provide investors with sustainability disclosures
approach—grounded in that are “relevant, reliable and comparable across
industry-specificity and companies on a global basis”.
financial materiality—
provides a solid Financial materiality: The SASB Standards strive
foundation for disclosing to identify the ESG issues most relevant to the
sustainability financial performance of companies in 77
information. SASB industries.
features include:
 The SASB’s approach to standard-setting

Evidence-based: The SASB Standards Board (the standard-setting arm of

SASB) gathers evidence from external sources to establish the financial
impact of each sustainability issue identified across all industries addressed.

Industry-specificity: The SASB Standards are focused on improving the

disclosure of industry-specific ESG issues because not all sustainability
issues matter equally to each industry

Market-informed: The Standards Board solicits from relevant stakeholders

—companies, investors, and other market participants—in considering
sustainability issues that should be disclosed for an industry.
 THANK
YOU!
Abanid, Alzona, Cosico and
Gonzaga