Kye Gbangbola explains why demonstrating your sustainability credentials is a must-have critical success factorSustainability reporting is now mandatory for organisations. Failure to comply will have legal and reputational consequences. Moreover, reporting helps investors to secure stable returns, and organisations to improve performance in closing the gap between the world as it is and the sustainable world that we need.
An organisation’s environmental, social and governance (ESG) reporting processes are vital public documents that frame its sustainability intentions, purpose and performance. When it comes to accounting for known risks and impacts, reporting clarifies what an organisation’s responsibilities to the global sustainability and climate crisis are. 
KPMG’s Global Survey of Sustainability Reporting 2022 polled 5,800 companies in 58 countries. It found that many reports are poor, failing in process and substance, and lack responses to the UN’s Sustainable Development Goals (SDGs) and other emerging issues and risks, despite reporting being the most important area of work for chief executives and boards alike. 
A fair exchange
More than 50 stock exchanges worldwide now require an organisation to have a sustainability report to be listed. Of the Fortune Global 500 in the Americas, 75% report using Global Reporting Initiative (GRI) guidelines. In the G250 – the 250 largest companies listed in the Fortune Global 500 – 96% of companies report on their sustainability performance.
ESG affects everyone, is everyone’s responsibility, and has become a unifying factor in the activities and relationships needed for organisations to thrive. Companies not reporting may find themselves left behind or out of business, because they are unable to demonstrate their capacity to operate sustainably to investors, clients, customers, peers and other stakeholders. 
The rewards for sustainability reporting include improved reputation, income, profit, share price, staff retention, credibility, brand recognition for contributions to solving the crisis and reduced costs. 
A sustainability report should be a concise, accurate and disciplined corporate document, clearly showing where the organisation creates value. 
Some professional institutions with global memberships offer sustainability leadership courses. The Chartered Institute of Building (CIOB), for example, has a course on UN Sustainable Development Goals for Construction. CIOB president Michael Yam says: “As the world’s largest body for construction, CIOB is in a position to bring about positive change to the sustainability agenda.” I am pleased to say that he speaks for the heads of many professional institutions. 
Knowledge and reporting of SDGs is a gateway to future funding and investment support opportunities. So it is imperative that professionals improve their sustainability capital through practical, interactive training. 
“ESG is far from a passing phase – it is at the heart of how better organisations do business."Ways of reporting
There are a number of globally compliant reporting methodologies that investors, governments and stock exchanges reference, including the OECD Guidelines for Multinational Enterprises, the UN Guiding Principles on Business and Human Rights, and the UN Global Compact. There is also the Task Force on Climate-Related Financial Disclosures and the Carbon Disclosure Project, as well as the International Integrated Reporting Council and the Sustainability Accounting Standards Board, which now form the Value Reporting Foundation as part of the IFRS Foundation. However, GRI, by a considerable distance, is the recognised gold standard.
The GRI Universal Standards 2021 wraps its arms around the other main standards and achieves alignment through formal ‘linkage’ documents. By aligning numerators, denominators and metrics with other standards, GRI disclosures and data are transferable for direct use in other standards. GRI also links with the UN SDGs and the EU Non-Financial Reporting Directive, which evolved into the EU Corporate Sustainability Reporting Directive. 
ESG is far from a passing phase – it is at the heart of how better organisations, in every sector, do business. ESG is enshrined in their very purpose and values, and these are reinforced by international and national laws and regulations.
Kye Gbangbola MBA, FCIOB, FIEMA, LCSAP, CEnv, is founder of Total eco Management

If the coronavirus pandemic has shown us anything, it's the burning injustice and inequality associated with race. Racism was constructed to divide and rule – to oppress some and provide entitlements to others. It is a continuous thread running throughout the architecture of the system. Lessons must be learnt, and a system that works for all must be built.
Legions of reports have been, and will be, written on the subject – all stating what black people already know. In every sector, the call will be 'Kick Racism Out'. The response needed is 'Take Action Now'. 
The brutal murder of George Floyd in broad daylight opened the eyes of the world to the structural and systemic abuse and murder of black people. Black people said 'no more', and allies from all races joined them.
For centuries, racism has been used as part of a brutal toolbox to keep inequality in place and devalue those it targets. Even now, rights continue to be fought over. Black people are constantly threatened and prevented from having safe and secure lives due to the patronising and unaccountable power built into the system. We need to generate a future in which black people can thrive, not just survive; where they receive their fair measure, both socially and environmentally. This seems a reasonable request of society, and it is up to all of us to make it a reality.
Time to step up
Organisations can play a vital role in levelling the playing field. Behaviours need to be consistent and backed by government, boards and executives. Diversity and equality are in everyone's interest, and should be expressed in laws and codes of conduct so that everyone's contribution is respected. 
This will be common sense to most readers; however, there are still massive gaps in the visibility and representation of black, Asian and minority ethnic (BAME) people in the workplace. Even in the sustainability sector, where issues of equality are often at the forefront, inclusion has a long way to go.
Black people are being murdered, brutalised and denied justice. They are 47 times more likely to be stopped by police, dehumanised through racial profiling, and more likely to receive a custodial sentence. BAME individuals are placed on the coronavirus frontline unprotected, despite those from minority backgrounds making up more than 90% of the doctors who have died from COVID-19. Covert exclusion comes in many forms: being ignored, not being invited to events, being monitored and micromanaged, being overlooked for interviews and promotion, constantly being forced to prove yourself, being denigrated by racists asking to speak to a white person, and being asked inappropriate, culturally insensitive questions. These all seek to 'put people in their place'.
We have a window of opportunity in which to eradicate the stain of racism. There is a real appetite for ending the systemic disadvantage experienced by black people in all areas of life. White silence allows violence. 
Taking action involves allyship: when you see a black person being abused, step in and take on the struggle as your own. Action also involves collecting reliable and comparative equality data, agreeing levels of representation on boards (there is no shortage of BAME candidates, but UK boardrooms fail to embrace diversity), carrying out work risk assessments to protect the vulnerable, supporting black businesses, supporting further and higher education, providing apprenticeships and follow-up job opportunities, lenders providing access to credit, and larger organisations providing access to tenders and contracts. In addition, freedom of speech must be culturally sensitive; complaints must be addressed without tainting people's names, and employee diversity must be improved at every level – especially on executives and boards. Board members should hold themselves and others accountable for tackling racism, and build networks that support the development of minorities. 
To show support for the Black Lives Matter movement, companies such as Nike, Twitter and Spotify are giving employees paid time off to protest. The move is commendable, but the way companies treat their black employees after the protests cannot remain the same. We need and deserve more than platitudes and social media statements. 
“Standards bodies should provide enhanced guidance to measure progress on diversity“
The role of standards
Racism and climate change are already hitting black communities disproportionately hard around the world, as are the COVID-19 pandemic and its associated economic turmoil. Global standards bodies, NGOs and global institutions such as the UN have a duty to support progressive corporate change aimed at driving out racism. 
In 2017 a Policy Exchange survey examined the diversity levels of 202 professions in the UK; the environment and sustainability sector came second to last. The problem is especially pronounced at director and board level. This should be a wake-up call. In the country that will be hosting the COP26 Climate Change Conference, this situation is unacceptable, and I support any organisation or government that is seeking to do the right thing. 
The Global Reporting Initiative (GRI) is the gold standard of 'report and explain' corporate sustainability reporting. GRI and its global corporate sustainability reporting stand for change, and the creation of thriving global communities that lift humanity. Standards bodies must do the right thing and help organisations to measure, manage, monitor and disclose diversity information.
GRI 405: Diversity and equal opportunity 2016 comprises Disclosure 405-1: Diversity of governance bodies and employees, which concerns numbers of employees, and Disclosure 405-2: Ratio of basic salary and remuneration of women to men, which concerns salaries in major territories of operation.
GRI records numbers in each employee category, but not what qualitative assessments are carried out in order to build equality. Standards bodies could ask organisations to disclose what advice and support is given to communities to encourage greater BAME representation at senior levels, as well as improved access to tenders, contracts, and products and services.
To encourage equal treatment, GRI could provide guidance on the impacts, risks and opportunities that arise as a result of an organisation's anti-racism activities and relationships. Targets and performance should be disclosed with an emphasis on integrity. 
“For centuries, racism has been used to keep inequality in place“
Healing past wounds
Coronavirus has resulted in seismic shifts at every level, from government bailouts to senior executives requesting their jobs be given to black people who are qualified for the role, to people volunteering to feed children and families in poverty. Standards bodies should play their part. 
Major global companies such as Lloyd's of London are pledging to make payments to address their founders' roles in the transatlantic slave trade. In the UK, slave owners had to be compensated when the Slavery Abolition Act 1833 was enacted; this cost the government huge sums of money, equivalent to 40% of GDP at the time, and it took until 2015 for this to be paid. The equivalent of 40% GDP today is just over a trillion pounds. In 1833, meanwhile, freed slaves received nothing. 
Today's executives want to acknowledge history and change their organisations' cultures through education and research, as well as reviewing their organisational artefacts. They admit to not having all the answers, and reach out for help, as well as listening to stakeholders' voices to help strengthen diversity and inclusion. They invest in positive programmes to attract, retain and develop BAME talent, as well as providing support to BAME suppliers and supporting community groups. Standards bodies should provide enhanced guidance to measure progress – and they themselves must also 'walk the walk', ensuring they are representative and committed to the struggle.
We must uproot white supremacy, and build a culture for our children in which everyone is truly equal. Black Lives Matter can ask for knees to be removed from necks, but it is the responsibility of the oppressor to remove the knee. White people must relieve themselves of being the oppressor.
We are taught that all people are made equal; this should spur us all to act on racism and climate change, and to build back a sustainable world. 
Kye Gbangbola, FIEMA is director and founder of sustainability consultancy Total Eco Management, and author of How to Produce a Sustainability Report and Gold Standard Sustainability Reporting.

Kye Gbangbola, FCIOB
Racism and climate change are already hitting black communities disproportionately hard, all over the world. They will also be hit hard by the covid-19 pandemic and the economic turmoil that will follow. It is time for change, says Kye Gbangbola.
If the coronavirus pandemic has shown us anything, it is the burning injustice and inequality associated with race. Some 90% of doctors and medical consultants who have died during the pandemic were from BAME (black, Asian, minority ethnic) backgrounds, often after being placed on the front line unprotected.  
Racism was constructed to divide and rule, to oppress some and provide entitlements to others.  It remains alive and well, a seamless continuous thread built into the architecture of the system, the lessons must be learnt, and a system that works for all, built back.
Legions of reports have, and will be written, telling us what black people already know and have experienced for centuries.  In every sector the call will be ‘kick racism out’, the response needed is ‘take action now’. 
The brutal murder of George Floyd in Minneapolis in broad daylight opened the eyes of the world to the structural and systemic abuse and murder of black people.  Black people led the way saying no more, and ‘allies’ from all races came alongside.
For centuries racism has been used to keep inequality in place and to devalue those it targets. Fast forward to the present, and rights continue to be fought over, even while we seek to generate a future where black people can thrive, and not just survive, where they and their families receive their fair measure socially and environmentally. As a society this seems a reasonable request, but to make it a reality, it is up to all of us. 
The role of organisations in outlawing racism
Organisations can play a vital role in supporting change, to generate a level playing field. Behaviours need to be consistent, government backed, and enjoy the support of boards and their executives. Diversity and equality are in the interests of the common good. 
This will make common sense to most readers. However, there are massive societal gaps in the visibility and representation of race in the workplace. Even in the sector of sustainability, where issues of equality are often at the forefront and are discussed around every board table, involvement of black people has a long way to go.
Covert forms of exclusion come in many forms: being ignored, not being invited to events, being monitored and micro-managed, being overlooked for interviews and promotion, regularly being undermined. Racists are constantly denigrating the black person, forcing them to prove themselves, bullying and asking inappropriate questions that are culturally insensitive given some people’s culture and tradition. They are part of micro-aggressions that seek to ‘put people in their place’. 
The former President of the Chartered Institute of Building (CIOB), professor Charles Egbu, notes the institute is not given to overt political positioning, but it is right to talk about and support Black Lives Matter (BLM), and consider what role the CIOB could or should play.  
Organisations across business sectors are responding in solidarity. CIOB CEO Caroline Gumble and new president Mark Beard have signalled the CIOB’s intention to eradicate the disgrace and stain of racism in its statement on BLM. 
Actions to end systemic racial disadvantages
Right now, there is a real appetite for change to end the systemic disadvantage experienced by black people in all areas of life.  
Actions can include ‘allyship’: when you see a black person being abused, step in, take on the struggle as your own.  
In addition, the collection of reliable and comparative equality data, agreeing levels of representation on boards – there is no shortage of BAME candidates but UK boardrooms fail to embrace diversity – access to credit through lenders, access to tenders and contracts of larger organisations, work risk assessments to protect the vulnerable, support for black businesses, support for further and higher education, apprenticeships with follow-up job opportunities.  
Organisations must allow culturally sensitive freedom to speech, and ‘speak up guardians’ who support workers so complaints can be addressed without their names being tainted.
Board members should hold themselves and others accountable, and build networks that support development, they must also commit to anti-racism.
As part of their ongoing efforts to show support for the Black Lives Matter movement, companies including Nike, Twitter and Spotify are shutting their doors to hold protest days while giving employees paid time off. The move is commendable. But as Fortune’s Ellen McGirt observed, black employees deserve more than platitudes and social media statements.  Now is the time for real change. 
Reporting standards on racism need improvement
Global standards bodies, NGOs, and global institutions like the UN have a duty to support progressive corporate change to drive out racism wherever it exists. 
The Global Reporting Initiative (GRI) is the gold standard of ‘report and explain’ corporate sustainability reporting. GRI disclosure 405-1 covers ‘Diversity of Governance Bodies and Employees’, while disclosure 405-2 covers ‘Ratio of Basic Salary and Remuneration of Women to Men’. GRI records numbers in each employee category, but importantly, not what qualitative assessments are carried out to build equality. 
Standards bodies could ask the organisations to disclose what advice and support is given to communities to encourage greater BAME representation on boards and in the ranks of senior executives and managers.
In the encouragement of equal treatment, GRI could give guidance on the key impacts, risks, and opportunities that arise as a result of the organisation’s anti-racism activities and relationships.  Targets and performance should be disclosed with an emphasis on integrity. 
Making the most of a seismic shift
Since the coronavirus struck, and since George Floyd’s murder, there have been some seismic shifts at every level of society. Government bailouts, senior executives requesting their jobs be given to black people qualified and experienced for the role, volunteers coming forward to feed children and families in poverty.  
Major global companies including Lloyd’s of London are pledging to address their founders’ roles in the transatlantic slave trade and genocide, and to make amends for their role in this appalling and shameful period of British history through funding for BAME groups.
In Britain alone, to achieve the abolition of slavery in 1833, slave owners had to be compensated by the government with huge sums of money, equivalent to 40% of GDP, which took until 2015 to pay back.  The equivalent of 40% GDP today is just over a trillion pounds. But in 1833, those who had been enslaved received nothing but absolute poverty.  
Even Justin Welby, the Archbishop of Canterbury, says his favourite images of Christ from around the world all depict him with dark skin. He says Christ was not white, and it is important for people to remember this.
Today’s executives want to acknowledge their history and change their culture. They admit to not having all the answers but want to listen to stakeholders to strengthen diversity and inclusion, and outlaw racism and discrimination. They will invest in positive programmes to attract, retain and develop BAME talent as well as supporting community groups. 
The enhanced guidance to measure this progress should be provided by standards bodies who must also walk the talk. Black Lives Matter can ask for knees to be removed from necks, but it is the responsibility of the oppressor to remove it. We are taught that all people are made equal; so we must act on racism, and climate change, to build a sustainable world.

Society and the environment are changing, and it is important for disabled people to be embedded in decision-making processes. There are massive gaps in the visibility and representation of disabled people in the workplace. Even in the sustainability sector, where issues of equality are often discussed, involvement of the disabled has a long way to go.

There are 14 million people with disabilities in the UK. This equates to around 19% of the working age population – but disabled people are more than twice as likely to be unemployed as non-disabled people. According to the disability equality charity Scope, life is an average of £570 more expensive each month for a disabled person than it is for a non-disabled person. In addition, 43% of the British public say they do not know a disabled person, and 67% report feeling awkward around disability.


Fig leaf legislation
​In 1995, the Disability Discrimination Act (DDA) was passed in the UK (it has since been superseded by the Equalities Act 2010). The DDA was considered historic and visionary for its potential to enhance economic self-sufficiency and social participation for disabled people, and its promise to eliminate discrimination for the disabled when it came to employment, the provision of goods and services, education, transport, housing and so on. Sadly, it never lived up to expectations; the soft disability protection it provides has been little more than a fig leaf for companies and governments to pretend they are taking action on disability. 

Businesses need to undergo the transition that we have seen in the sporting world, where Paralympians and other disabled athletes are held up side by side with mainstream sportspeople. Disability must be placed higher up the agenda. Presently, many would-be entrepreneurs with disabilities are stunted in their efforts to pursue existing and new business, and disabled university graduates have trouble finding work. The marketplace is limiting its potential growth by failing to include people with disabilities. We need corporate communities that are fully dedicated to enhancing their cultures and increasing opportunities for the disabled.

Organisations can play a vital role in supporting those with disabilities. Before I was poisoned in an environmental incident that paralysed me, my work involved ensuring homes and estates functioned to enable disabled independence. I sought knowledge on the subject in an effort to get the best for those in need, so that they could remain independent. Now that I am in a wheelchair myself, I see how difficult it is to find support in the home, let alone in the workplace. The regulations I worked hard to enact are worth nothing when business leaders turn a blind eye to breaches; at that point, these leaders oppress those they have a duty to protect.


Belonging and acceptance
For a level playing field to be generated, behaviours need to be consistent and government backed, and must enjoy the support of boards and their executives. It is not enough to simply employ a disabled person as the company’s disability officer. A good starting point would be to measure and drive change at senior and executive level. Companies should be proud to report that they have people with disabilities in senior positions. 

Measurement, disclosure, accountability, transparency, leadership and reporting are disciplines that my sustainability consultancy seeks to embed as habits within the organisations it works with. The Global Reporting Initiative (GRI) is the gold standard of ‘report or explain’ corporate sustainability reporting, and it has created the Disability in Sustainability Reporting guide to help companies disclose the percentage of their employees that have disabilities.

In the US, the Disability Equality Index (DEI) measures different organisations’ culture and leadership on disability issues, examining elements such as enterprise-wide access, employment practices, support in initial recruitment and training thereafter, engagement with the disabled community, and support services. The increasing number of companies using DEI indicates a willingness to confront the issue – to take opportunities that boost the involvement of people with disabilities and promote high-level visibility of disabled professionals.

Disability-aware business leaders are able to better understand and leverage the unique differences, talents and perspectives of employees, investors, customers and suppliers with disabilities. Companies that are more transparent and disclose their efforts to integrate disabled people create a culture of belonging and acceptance – ultimately contributing to long-term sustainability across the business. 

Kye Gbangbola is director and founder of sustainability consultancy Total Eco Management


Further reading

• Iema - Transform article - read it at https://bit.ly/2IpqIjsbit.ly/2IpqIjs
• The Disability in Sustainability Reporting guide was developed by the Global Reporting Initiative (GRI) and Fundación ONCE – read it at bit.ly/2NnG7kZ

GRI 403: Organizational Health and Safety and GRI 303: Water and Effluents have been updated to set best practice for reporting on these issues. Both occupational health and safety and water stewardship remain a global priority for sustainable development. The updated GRI Standards reflect the urgency of the new ways of understanding and addressing issues such as harm to workers, or freshwater as an increasingly scarce resource.

The revision of GRI 403: Occupational Health and Safety 2016 has been completed. Please download the revised GRI 403: Occupational Health and Safety 2018 Standard here. GRI 403: Occupational Health and Safety 2018 will be effective for reports or other materials published on or after 1 January 2021. Earlier adoption is encouraged.

The revision of GRI 303: Water 2016 has been completed. Please download the revised GRI 303: Water and Effluents 2018 Standard here. GRI 303: Water and Effluents 2018 will be effective for reports or other materials published on or after 1 January 2021. Earlier adoption is encouraged.

Already in 2016, GRI encouraged the early adoption of the GRI Standards in reporting. And the final date for phasing out the guidelines has come due. The Standards will be required for all reports or other materials that reference the GRI framework and which are published on or after 1 July 2018. After the deadline, GRI is unable to provide further support for reports that continue to use the G4 guidelines.

The Global Child Forum and GRI join forces to strengthen corporate transparency and accountability on children’s rights issues.
​ On 11 April 2018, GRI and the Global Child Forum announced a new collaboration through a Letter of Intent at the Royal Palace in Stockholm, at the 10th Global Child Forum. This alignment will combine the best of the two organizations and drive corporate action to improve the lives of children. 

The Global Child Forum is an independent multi-stakeholder platform for informed dialogue on how the UN Children’s Rights Convention and other key instruments can be fulfilled, respected and promoted by every actor in society. Global Child Forum is a knowledge and high-level engagement hub, and uses a transparency and accountability approach, with a key role for sustainability reporting within its research and tools. These include the knowledge center, benchmark research and reports, and the Children's Rights and Business Atlas, an online corporate due diligence tool developed in partnership with UNICEF.

GRI provides the global standards for sustainability reporting, which includes the important dimension of children’s rights. GRI’s reporting framework is the world’s most widely used: thousands of companies – large and small – in more than one hundred countries use GRI’s standards to disclose their impacts on the environment and society. 

Says Teresa Fogelberg, GRI Deputy Chief Executive: “There is a need to align guidance for sustainability performance, practice and reporting around the world. This alignment means a major push for businesses across the world to not only be aware of their impact on the lives of children, but to measure, manage and improve their contribution in a globally comparable and standardized manner. Our cooperation drives transparency, which is a great force of change and ultimately a transformation in how the world treats children.”

Ulrika Nilsson, Managing Director of the Global Child Forum adds: “Advancing children’s rights in the corporate sector is our major focus. Delivering quality research, robust tools and case studies to support businesses which, in turn, help children to develop and thrive, is at our core. We are very proud to launch this strategic cooperation with Global Reporting Initiative which will help us to further deliver on these objectives through joint research projects and global engagements with stakeholders.”

In addition to the ongoing practical cooperation, the partnership highlights the joint passion and vision of a thriving global community that respects and advances children’s rights. In this vision, a special focus is cast on improving the rights and lives of children by catalyzing business actions and transparency.

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