Comprehensive disclosure of sustainability performance and impacts is a key part of a company’s sustainability journey. What gets measured gets managed, and what gets disclosed is more apt to get done. Disclosure is not just a way for companies to tell their story, but it can help them to build relationships with key stakeholders.
Global Reporting Initiative (GRI)
Disclosure is at the core of Ceres’ history and expertise. In 1997, Ceres helped create the Global Reporting Initiative (GRI). GRI reporting guidelines are now the de-facto international standard for corporate sustainability reporting—used by thousands of companies worldwide. Members of the Ceres Company Network commit to regular sustainability reporting, and Ceres works with each of our member companies to improve the quality of their disclosure.
"Bloomberg is committed to sustainability, not only as a matter of principle, but as good business too. Operating sustainably can enhance business efficiency. And our product teams are developing new tools for the financial community to manage risk and leverage opportunities around this issue."
—Peter Grauer, Bloomberg
The Evolution of Sustainability Reporting
There has been a tremendous evolution in sustainability reporting, and Ceres works with each of our member companies to improve sustainability disclosure and meet the growing expectations of investors and other stakeholders.
Ceres is a leader in driving forward stronger policies and best practices on disclosure – including the Securities & Exchange Commission's climate change disclosure guidance for publicly held companies. With CookESG Research, Ceres released a free web tool that allows users to search a database of 10-K filings for climate-related disclosure. Additionally, through its Investor Network on Climate Risk (INCR), Ceres is collaborating with major investors on a global stock exchange listing standard that would require sustainability reporting.
We are also participants in the ongoing development of new standards and frameworks, including the work of the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB). Not only does Ceres contribute to the conversation, but we also work to ensure that Ceres Network members are kept abreast of these emerging issues.
Ceres Network Companies in Action
Sustainability issues in financial filings
Financial filings, such as those required by the Securities and Exchange Commission (SEC) and state securities regulators, are an important opportunity for companies to disclose material sustainability issues. Ceres member companies Brown-Forman and EMC provide robust disclosure that includes discussion of both risks and opportunities.
ceres companies piloting integrated reporting framework
The International Integrated Reporting Committee (IIRC) has taken on the task of engaging companies, investors, advocacy groups and the accounting community to develop an internationally accepted framework for integrated reporting. In late 2012, the group released a prototype framework for public consultation, and is currently running a pilot project with more than 85 companies, including Ceres member companies Jones Lang LaSalle, Prudential, The Coca-Cola Company, Vancity. Read more...
the ceres roadmap for sustainability