WATERFRONToronto

Global Reporting Initiative

What

The Global Reporting Initiative (GRI) is a non-profit organization that has developed one of the most widely used sustainability reporting frameworks. The framework is created through a multi-stakeholder consensus-based approach, ensuring that the needs of all sectors are considered. The framework provides direction on how to measure and report on environmental, social, economic, and governance performance.

As of 2015, 7500 organizations used GRI Guidelines for their sustainability reporting, including 80 percent of the largest 100 companies worldwide, according to a new survey by KPMG (wikipedia.org and globalreporting.org).

GRI Vision: A sustainable global economy where organizations manage their economic, environmental, social, and governance performance and impacts responsibly, and report transparently .

Why

An organization cannot effectively manage and change what they cannot measure. Sustainability reporting allows organizations to collect data, analyze performance, identify and communicate strengths and weaknesses, and most importantly improve performance.

Sustainability reporting also promotes transparency and accountability. GRI requires disclosure of information in the public domain, allowing stakeholders to track and compare performance over time and to other similar organizations.

How

Waterfront Toronto's 2015 Corporate Social Responsibility and Sustainability Report update is 'in accordance' with G4 (Core) Guidelines, which is the fourth generation of reporting guidelines. The G4 consists of principles and disclosure items. The principles help define the report content on items such as materiality, stakeholder inclusiveness, and boundaries. Disclosure items include issues management, governance approaches, and performance indicators.

The Construction and Real Estate Sector Supplement (CRESS) was also used to respond to the specific needs of our sector. It provides a tailored version of G4, including commentaries and performance indicators developed especially for construction and real estate, capturing the issues that matter most.

For more information, please visit the GRI website.