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Santhosh Jayaram
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SustainabilityRole of standards
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Sustainability
Niyat, Neeti and Nyaya
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NeetiCodes,
Instruments,Institutions,
Norms
NiyatInner Convictions
Intentions
NyayaJustice Delivered
Adapted from the book, titled The Idea of Justice - Amartya Sen.
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Its a jungle out there
Guiding principles
Conventions
Codes of Conduct
Management Standards
Labelling Standards
Frameworks for Reporting
Stakeholder Engagement standards
Networks
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Guiding principlesTend to be formulated to assist users in
developing policies, strategies andmanagement processes to address theissues relevant to their activities.
Examples:- Global Compact (UN)- Guidelines for Multinational
Enterprises (OECD)- AA1000 AccountAbility Principles
Standard (AccountAbility)- Business Principles for Countering
Bribery (Transparency International)- Human Rights Guidelines forCompanies (Amnesty International)
- Principles of Corporate Governance(OECD)
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ConventionsGuiding principles (minimum standards)
developed by a multilateralorganisation, e.g. UN or InternationalLabour Organisation, for ratification bymember states
Encourage global best practice
Examples:- Universal Declaration of Human
Rights (UN)- Convention on the Rights of the
Child (UN)- Core Conventions on Labour
Standards (ILO)- International Covenant on Economic,
Cultural and Social Rights (UN)- Convention on Combating Bribery of
Foreign Public Officials in
International Business Transactions(OECD)
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Codes of conductProvide a list of commitments,
objectives or performance criteria thatan organisation is expected to achieveif it signs up to the code.
Provide a framework for organisationsto follow.
Often industry-specific
Examples:
- Charter Agreement on LabourPractices (Fair Labor Association)- Rules of Conduct to Combat Extortion
and Bribery (International Chamber ofCommerce)
- Code of Labour Practices for the
Apparel Industries (Clean ClothesCampaign)- The Equator Principles (International
Finance Corporation)- Electronics Industry Code of Conduct
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Management standardsProvide details of a process to follow to
manage relevant issues.Provide more guidance on the howelement of managing issues rather thanthe what, which is the case with thecodes of conduct and guidingprinciples.
Some provide technique for monitoringand correcting faults in e.g.environmental, health and safetyprocesses
Examples:- ISO 14001 (International Standards
Organisation)- OHSAS 18001 (British Standards
Institute)- SA8000 (Social Accountability
International)- The Ethical Trading Initiative (ETI)- Sustainability Integrated
Guidelines for Management (SIGMA)- Investors in People
- ISO 26000 (but not certifiable)
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Labelling standardsRequire products to meet specific
criteriaAs result, provide the use of a label todemonstrate to consumers that theproduct has been produced in asustainable way
Raises credibility of claims aboutproducts
Helps to focus the producers work withsustainability, e.g. in the supply chain
Examples:- EU Eco-Label Scheme- Fair Trade- Sustainable Fisheries- Sustainable Forestry
http://images.google.no/imgres?imgurl=http://www.superchefblog.com/images/marinestewardship_72dpi360x260pxl.png&imgrefurl=http://www.superchefblog.com/archive/2006_02_01_archive.html&usg=__MLaXIsNq8DaMfMGH9HZqfAROG8Y=&h=260&w=360&sz=10&hl=no&start=1&um=1&tbnid=H9xkyA1Uq1_cHM:&tbnh=87&tbnw=121&prev=/images?q=marine+stewardship&gbv=2&hl=no&sa=N&um=1http://images.google.no/imgres?imgurl=http://www.link2production.com/images/green/FSC-logo.gif&imgrefurl=http://www.link2production.com/links.htm&usg=__E5qP3UFFNVcnt87zfFD3znjnbU8=&h=230&w=230&sz=5&hl=no&start=2&tbnid=BQnKmnHPn_YgqM:&tbnh=108&tbnw=108&prev=/images?q=sustainable+forestry+logo&gbv=2&hl=nohttp://images.google.no/imgres?imgurl=http://keetsa.com/blog/wp-content/uploads/2009/03/fairtrade.jpg&imgrefurl=http://keetsa.com/blog/category/activisim/fair-trade/&usg=__K6QlZKtGAKC_r3vy4MpehWOob1w=&h=345&w=295&sz=32&hl=no&start=2&tbnid=GSzQdswjdbFxyM:&tbnh=120&tbnw=103&prev=/images?q=fair+trade&gbv=2&hl=no7/31/2019 20120227_Sustainability - Standards_Santosh Jayaram
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Frameworks for reporting and verification
Guidance for organisations on external
reporting and verificationPrinciples to ensure greater credibilityand accuracy in reporting
Requirements for providers ofassurance, so also useful for reportingorganisations about externalexpectations to reporting
Examples:- Global Reporting Initiative:
Sustainability Reporting Guidelines(GRI)
- AA1000 Assurance Standard(AccountAbility)
- ISAE3000 (International Federationof Accountants)
- Protocol for Verification ofSustainability Reporting (DNV)
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Carbon and Water
On Carbon side, in comparison, itis more evolved- ISO 14064- WBCSD/WRI protocol- UNFCCC- WSA- Voluntary carbon standards- .
On Water front it is evolving- Central Ground Water Board
(Detailed Guidelines forimplementing the ground waterestimation methodology)
- Water foot printing manual.
- ISO 14046 (expected by 2014)- Alliance for Water Stewardship
(AWS) (Expected by 2013)
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Sustainability11
Voluntary Guidelines - MCA
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SEBI supports NVG
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An earthen pot has been chosen as the logo for the ECOMARK scheme in India.
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Energy Star Rating
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License
Corporatestrategy
Public concernCorporate
actionsCorporate
profits
Politicalconcern
Non-marketconsequences
Legislation
Marketconsequences
Analystsconcern
Investorbehaviour
License to produce
License to operate
License to grow
License to sell
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www.dnvba.com
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