GRI reporting being encouraged in Mauritius for sustainable development
Business leaders of Mauritian enterprises attended a workshop pertaining to the GRI Reporting Framework for reporting on an organisation’s economic, environmental, and social performance.(Image:Wazna Gunga)
On 08 July 2015, the Mauritius Institute of Directors (MIoD) organised the first GRI training programme which gathered not only corporate leaders and business executives, but also actors of sustainable development.
The Global Reporting Initiative (GRI) Reporting Framework is intended to serve as a widely accepted framework for reporting on an organisation’s economic, environmental, and social performance. It is designed for use by any organization, which takes into account the practical considerations faced by a diverse range of organizations – from small enterprises to those with extensive and geographically dispersed operations.
The GRI Reporting Framework contains general and sector-specific content that has been agreed upon by a wide range of stakeholders globally to be generally applicable for reporting on an organisation’s sustainability performance.
Mauritian companies will now have access to the necessary tools to report on sustainable development, while assuring the transparency of their approach through GRI.
A consortium of the MIoD and Ecological Living in Action (ELIA) was accredited recently to assure GRI trainings, a first in Mauritius.
Jane Valls, CEO of the MIoD and the president of the African Network of good governance underlines the importance of such a tool of reporting in the management of companies.
“The directives of the GRI allow companies to ensure profitability, social justice and environmental protection. By adopting the GRI, organizations will be capable of defining their objectives, estimating their performance and bringing the change necessary for sustainability. This training was made possible thanks to the memorandum of understanding signed with the GRI to sensitise and educate directors of companies on the importance of adopting this system in their companies,” she says.
Sanju Deenapanray, director of the ELIA and the main speaker at these workshops, introduced the participants to the guidelines of the GRI G4 (the most recent version of the Global Reporting Initiative). The latter allow work on the preparation of reports measuring the progress of sustainable development programs within companies.
“Companies, their customers and other stakeholders are more aware of the importance of operating within the framework of sustainable development. Thanks to this partnership between the ELIA and the MIoD, Mauritian companies will now have access to an international training, which was not available previously. It is essential that reporting on sustainable development becomes a current practice for a majority of companies,” notes Sanju Deenapanray.
Besides, the speaker also highlighted that companies are using carbon labeling to gain competitive advantage on the European market. Essentially, sugar producers in Mauritius can leverage carbon content label to market sugar in the European market, which will involve an industrial ecological system that the industry shall adopt.
It may be noted that Sanju Deenapanray is the director of the ELIA since 2010. Our ecological expert has contributed to numerous reports and projects on the environment. In addition to his work with the Mauritius Research Council and the Development program of United Nations (UNDP), he has prepared reports and conducted trainings for all Mauritian companies having subscribed to GRI guidelines till date, which count Omnicane Ltd, Terra Ltd, LUX* Resorts and hotels, and MIoD. He has also supported the Stock Exchange of Mauritius in aligning its sustainability index with the GRI G4.