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Achieving Radical Transparency

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Presentation by Dr Wayne Visser on "Digitally Interlinking Data, Context & Stakeholders" at the WikiRate pre-GRI workshop in Amsterdam, 17 May 2016.

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Achieving Radical Transparency

  1. 1. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Achieving Radical Transparency Digitally Interlinking Data, Context & Stakeholders Amsterdam, 17 May 2016 Wayne Visser, Vishal Kapadia, Bill Baue, Ralph Thurm, Richard Mills
  2. 2. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Agenda • 09.00-09.30: Dr Wayne Visser – Introduction: Transforming Corporate Accountability • 09.30-09.45: Ralph Thurm – Reporting 3.0: The International Multi-Stakeholders Platform for the “Future of Sustainability Reporting • 09.45-10.15: Vishal Kapadia & Richard Mills – WikiRate: Data Activation Through Aggregation, Accessibility & Sustainability Contextualization (DATAASC) Project • 10.15-10.30: Break • 10.30-11.00: Bill Baue – Convetit: Virtual Stakeholder Dialogue & Interactive Materiality Matrix • 11.00-11.30: – User Perspectives (academic, NGO & workshop attendees) • 11:30-11:45: Q&A • 11.45-12.00: Summing up & how to get involved
  3. 3. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Transforming Accountability
  4. 4. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Evolution of transparency
  5. 5. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Trends – Corporate Transparency Trend 1: Explosive sustainability reporting growth – but from an extremely low base Trend 2: Proliferation of reporting standards – with mandatory disclosure on the rise Trend 3: Improvement of data quantity & quality – driven by emerging information technologies (IT) Trend 4: Shift from corporate to value chain data – with traceability becoming the new watchword
  6. 6. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Technology as a driver The one-size fits all, half- narrative, half quantified sustainability report is looking increasingly out of date. Sustainability reporting will increasingly build on a database of ESG information and data, packaged in different formats, with different stories, using different communications channels and media, in order to match the diversity of stakeholders’ expectations
  7. 7. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Trends – Sustainability Ratings Trend 5: Increasing importance of sustainability ratings – as a driver of sustainability performance Trend 6: Consolidation of sustainability ratings agencies – due to competition & questionnaire fatigue Trend 7: Demand for more transparency by rating agencies – to counter low levels of trust
  8. 8. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Evolution of crowdsourcing Value- driven Values- driven Technology- focused People- focused Shareholder value analysis People management& reportingsoftware Stakeholderneeds assessment Sustainability management & reporting software Crowdsourcing platforms& ratings
  9. 9. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Trends - Crowdsourcing • Trend 8: Moving social media beyond a marketing channel – to an action research database 19 • Trend 9: Growing use of crowdsourcing as a stakeholder engagement tool – allowing proactive anticipation of issues 21 • Trend 10: Transforming the power of connection into the power of collaboration
  10. 10. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Insights • Insight 1: Hyper-connectivity makes responsiveness more possible – and less likely • Insight 2: Value-action gaps make stakeholder feedback more collectable – yet less valuable • Insight 3: The wisdom of the crowd can, without validation, also become the tragedy of the commons • Insight 4: The openness of open source is questionable when values are a filter • Insight 5: Questions remain about the accountability ratings when the guardians are not guarded
  11. 11. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Radical Transparency
  12. 12. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd The GRI Challenge “GRI believes it’s time to move “beyond reports” and focus on the data produced during the sustainability reporting process. Liberating this data and exploring how this information can then be used to enable better decisions is the natural next step” - Michael Meehan
  13. 13. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Day 1 Kickoff: Data Trends, Standards & Guidelines “I am told that the first crop of corporate sustainability reports is now being fed into IBM's Watson artificial intelligence (AI) system …” - John Elkington
  14. 14. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Day 2 Data Liberation, Aggregation & Sourcing “The ultimate dream would be to make it just as easy to access ESG data as it is to type in a ticker symbol on Yahoo or Google Finance …” – Louis Coppola
  15. 15. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Day 3 Data Contextualization, Materiality & Tagging “GRI’s mystifying refusal to in any way flesh out or enforce its own Sustainability Context principle …” – Mark McElroy
  16. 16. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Day 4 Data Analysis, Ratings & Engagement “Instead of having only experts driving research, we are keen to engage everyday people from around the world in this process …” – Milena Marin
  17. 17. Copyright © 2016 Wayne Visser & Kaleidoscope Futures Lab. Ltd Day 5 Synthesis “WikiRate would need to function both as a central data repository and a dynamic data ecosystem that provides multiple accessibility points to meet stakeholders and companies where they are at…” – Linda Wedderburn

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