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    GRI Based Sustainability Reporting

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    Indrajeetd
    The document discusses GRI (Global Reporting Initiative) based sustainability reporting and why Ackruti City Limited should undertake GRI reporting. GRI is a framework for environmental, social and economic reporting that aims to increase corporate accountability. More than 1000 organizations globally use GRI guidelines for sustainability reporting, including leading Indian companies. Sustainability reporting is important for real estate companies like Ackruti. Undertaking GRI reporting would give Ackruti international visibility and recognition, help attract and retain talent, and allow investors to compare sustainability performance. The document outlines GRI guidelines and proposes how Ackruti could structure its report to include environmental, social and economic performance information.

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    GRI Based Sustainability Reporting

    Uploaded by

    Indrajeetd
    198 views9 pages
    The document discusses GRI (Global Reporting Initiative) based sustainability reporting and why Ackruti City Limited should undertake GRI reporting. GRI is a framework for environmental, social and economic reporting that aims to increase corporate accountability. More than 1000 organizations globally use GRI guidelines for sustainability reporting, including leading Indian companies. Sustainability reporting is important for real estate companies like Ackruti. Undertaking GRI reporting would give Ackruti international visibility and recognition, help attract and retain talent, and allow investors to compare sustainability performance. The document outlines GRI guidelines and proposes how Ackruti could structure its report to include environmental, social and economic performance information.

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    The document discusses GRI (Global Reporting Initiative) based sustainability reporting and why Ackruti City Limited should undertake GRI reporting. GRI is a framework for environmental, social and economic reporting that aims to increase corporate accountability. More than 1000 organizations globally use GRI guidelines for sustainability reporting, including leading Indian companies. Sustainability reporting is important for real estate companies like Ackruti. Undertaking GRI reporting would give Ackruti international visibility and recognition, help attract and retain talent, and allow investors to compare sustainability performance. The document outlines GRI guidelines and proposes how Ackruti could structure its report to include environmental, social and economic performance information.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    198 views9 pages

    GRI Based Sustainability Reporting

    Uploaded by

    Indrajeetd
    The document discusses GRI (Global Reporting Initiative) based sustainability reporting and why Ackruti City Limited should undertake GRI reporting. GRI is a framework for environmental, social and economic reporting that aims to increase corporate accountability. More than 1000 organizations globally use GRI guidelines for sustainability reporting, including leading Indian companies. Sustainability reporting is important for real estate companies like Ackruti. Undertaking GRI reporting would give Ackruti international visibility and recognition, help attract and retain talent, and allow investors to compare sustainability performance. The document outlines GRI guidelines and proposes how Ackruti could structure its report to include environmental, social and economic performance information.

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    GRI based sustainability reporting

    Why should Ackruti do it?


    What is GRI?
    • GRI = Global Reporting Initiative

    • It started in the US based nonprofits CERES and the Tellus Institute

    • It is framework for environmental, social and economic reporting


    – Aim: Increase corporate accountability for responsible conduct across multiple areas – social,
    environmental and economic.

    • Flexibility of choosing the level of compliance and degree of disclosures


    – Level of disclosure can be chosen by the reporting organization
    – The report can be verified by self OR third party – both options are open

    • More than 1000 organizations across globe, sectors and scales use GRI G3 guidelines for
    reporting sustainability

    • In India, leading companies such as ITC, Infosys, Mahindra and Mahindra, TATA
    Motors and Dr. Reddy’s have their sustainability reports complying GRI guidelines
    Sustainability and real estate sector
    • Sustainable Development in a broad context is ‘ Meeting the needs of present
    generation in a manner without compromising the ability of future generations
    to meet their needs.’

    • From a corporate perspective, Sustainability of an organization is the ability of


    the organization to meet the challenges posed by changes in society,
    environment and economy in a profitable manner.

    • India’s growth trajectory in the short to medium term will be driven by real
    structure, construction and infrastructure sectors.

    • Ackruti City is actively contributing significantly to society and


    environment by a variety of measures including sustainable water
    management, material efficiency, energy efficiency, renewable energy,
    carbon management etc.
    Why report sustainability based on GRI?
    • Ackruti is undertaking initiatives and spending significant resources – monetary and
    non-monetary in executing initiatives in social and environmental field

    • Publishing a report at the GRI forum will give visibility and recognition to Ackruti at
    international level along with the best in class companies
    – A powerful differentiator in the eyes of stakeholders such as employees, customers, society,
    regulators and investors

    • Companies that have good performance in sustainability and reporting have better
    ability to attract and retain talent

    • International investors demand and appreciate Sustainable Development Reports


    – Current investors in Ackruti City such as FMO are actively pursuing Sustainable Development
    Reporting
    – GRI being a globally accepted standard, allows investors to compare companies sustainability
    performance across sizes, sectors and locations
    Examples of Indian Companies

    Larson and Toubro


    Examples of Indian Companies

    Jain Irrigation Systems


    Guidelines and Process for GRI(1/2)

    Guidelines for GRI Reporting


    Guidelines and Process for GRI(2/2)
    • To develop the report, Ackruti City Limited could structure the
    information (tentative)
    – Environmental Performance
    • We can articulate company strategy on water management, air quality management,
    carbon management, energy efficiency and sustainable site selection
    • Practices are already implemented as our intent is to make all projects green
    – Social performance
    • Rich content across Community development, capacity building, employment generation
    in our projects
    • Corporate Social Responsibility measures
    – Economic performance
    • As per already disclosed in the public financial reports
    Thank you

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