Sustainability reporting has been integrated into the REC Annual report since 2010. We have over the last years witnessed that authorities, non-governmental organizations and key stakeholders increasingly invite companies to report based on international standards. We currently report within the following global frameworks:
- Global Reporting Initiative (GRI)
- Carbon Disclosure Project (CDP)
- Greenhouse Gas Protocol (GHG)
The Global Reporting Initiative (GRI) is a non-profit organization that works towards a sustainable global economy by providing sustainability reporting guidance. GRI has pioneered and developed a comprehensive Sustainability Reporting Framework which is widely used around the world. The Framework enables all organizations to measure and report their economic, environmental, social and governance performance – the four key areas of sustainability.
The REC Sustainability Report 2011 (link to report in right column banner) mainly includes data collected during 2011 within the GRI framework at level C.
Each year, the investor initiated CDP asks public companies around the world to report on their climate-relevant corporate data, strategies and specific climate protection measures. The CDP makes this data available to the capital markets and the general public. The aim of publishing the data is to create greater transparency regarding harmful greenhouse gas emissions – especially for capital investors.
We chose to participate for the first time in 2012, based on 2011 data. A total of 148 stock exchange listed companies responded in Northern Europe. The score is comprised of a disclosure score number (up to 100) and a performance score letter (A, B, C, D and E).
REC's response scored 81 B and the average disclosure score for the region was 69, positioning our company among the top scorers. 23 percent of the companies that participated achieved a high performance band (A-B).
REC's data from the 2011 CDP is available in the right column banner. This data is also available on the official website of the Carbon Disclosure Project (please note that access requires registration).
The GHG Protocol is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions.
REC reports its carbon emissions in accordance with the GHG Protocol, initial report conducted for 2011.