Business for Social Responsibility reviews how 33 companies have reported on economic impacts under Global Reporting Initiative - includes GE, McDonald's, Novo Nordisk, Shell, Starbucks, Toyota

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Article
2 December 2005

BSR Releases New Report for the GRI: 'Reporting on Economic Impacts'

Author: Business for Social Responsibility

Business for Social Responsibility (BSR) has released a new report that reviews how well the Global Reporting Initiative (GRI) Economic Performance Indicators have been applied by 33 companies, including GE, McDonald’s, Novo Nordisk [part of Novo Group], Shell, Starbucks and Toyota... "Economic impact is not about changes in the financial health of the organization itself," explains Dunstan Hope, a BSR Director in Advisory Services. "For example, a company may impact on the economic well being of employees or local communities; and through the sale of its products and services may impact on the productivity, competitiveness or growth of a national economy..."

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Article
1 October 2005

[PDF] Reporting on Economic Impacts: A Report by Business for Social Responsibility for the Global Reporting Initiative

Author: Business for Social Responsibility

The 2002 Global Reporting Initiative (GRI) Sustainability Reporting Guidelines included a new set of Economic Performance Indicators designed to measure an organization’s impacts on the economic circumstances of its stakeholders and the local, national and international economy. The purpose of this report is to consider how well these Economic Performance Indicators have been used and to make recommendations that inform the revision of the GRI Guidelines... BSR selected 33 reports to review from a cross-section of companies based on industry and geography...: AstraZeneca, BAA [British Airports Authority], Barclays, Bristol-Myers Squibb, BP, BT, The Coca-Cola Company, Co-operative Financial Services [part of Co-operative Group], Gap Inc., GE [General Electric], GlaxoSmithKline, HP [Hewlett-Packard], IBM, McDonald's, Mitsubishi Corporation, NEC, Newmont Mining Corporation, Nike, Nissan Motor Company, Novartis, Novo Nordisk [part of Novo Group], P&G [Procter & Gamble], Panasonic/Matsushita Group, Rio Tinto, SABMiller, Shell, Starbucks, STMicroelectronics, Toyota Motor Corporation, Unilever, UPS, VanCity, Vodafone [also refers to Verizon]

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