GRI and Fuji Xerox are launching the world’s first global standards for sustainability reporting, the GRI Sustainability Reporting Standards (GRI Standards), in Asia. The GRI Standards create a common language for companies to disclose non-financial information and enable companies around the world to better assess their impacts on the economy, the environment and society. Businesses can also use the GRI Standards to contribute to the United Nations Sustainable Development Goals. Held in Singapore, the launch event was organized by GRI and Fuji Xerox, with support from Entrak and Paia Consulting.
“Fuji Xerox is a leader in sustainability reporting, and GRI helps us to better-manage our sustainability impacts in Singapore and other countries in Asia Pacific,” said Janet Neo, Head of Corporate Sustainability, Fuji Xerox Asia Pacific. “As we accelerate our growth in the region, the new GRI Standards will help us positively influence other organizations in our network – including suppliers and subsidiaries – towards a greater commitment to sustainability.”
The GRI Standards were released in October 2016 and were developed through more than 15 years of a robust multi-stakeholder process. They feature an improved format and new modular structure, and are based on the GRI G4 Guidelines (G4) – the world’s most widely used sustainability reporting disclosures.The new GRI Standards definitively replace G4, which will be phased out by 1 July 2018. The Singapore launch event is timely, given that the Singapore Exchange (SGX) has adopted a policy that will require listed companies to either disclose sustainability information, or explain why they are not doing so. This ‘comply-or-explain’ framework will be effective on, or after 31 December 2017; depending on the companies’ financial year cycles.
“The GRI Standards make it easier for companies to report non-financial information, by using a shared, well-understood language,” said GRI Interim Chief Executive Eric Hespenheide. “The GRI Standards are more straightforward, thereby making them accessible to potentially millions of businesses worldwide. Sustainability reporting through the GRI Standards is the best way for companies to disclose economic, environmental and social impacts, thus providing insights into its contributions – positive or negative – toward sustainable development.”
Ms Neo said, “As the first GRI GOLD Community Member from the document management and solutions sector, Fuji Xerox Asia Pacific is proud to lead this peer-to-peer driven interactive platform, to foster a community of sustainable businesses.” GRI Gold Community Members are the core players shaping the future of sustainability reporting.
“Fuji Xerox sees corporate social responsibility as synonymous with corporate management,” Ms Neo added. “We believe that sustainability must be at the core of the business, in order for economies to thrive and businesses to succeed. Such thinking shapes the values and culture of the company as we continue to develop innovative solutions that foster sustainable economic growth.”
The Singapore launch will feature a panel session entitled ‘Sustainability Standards and Non-Financial Information: Improving Business Decisions.’ Panelist include: Janet Neo, Head of Corporate Sustainability, Fuji Xerox Asia Pacific; Yeo Lian Sim, Special Advisor, SGX; Yvonne Chan, Director of Corporate Development, Maritime Port of Authority Singapore; and Wilson Ang, Executive Director, Global Compact Network Singapore. The session will offer a wealth of useful information on the SGX’s sustainability disclosure requirements for listed companies and explore Singapore’s current reporting landscape. The panel will also cover other topics, including the future of sustainability reporting, how sustainability initiatives can relate to corporate strategy, and how sustainability data can empower companies to make better business decisions.
Fuji Xerox is focused on providing strategies and solutions for its customers that guarantee accurate energy reporting and monitoring, while featuring visibility data into any specific areas of high-consumption, which may then be analyzed for potential cost reductions. Additionally, features such as digitized paper documents, secure print release policy, Print-on-Demand, and configurable device power settings are able to further increase overall energy-efficiency rates, which ultimately leads to reduced impact on cost and the environment.
About Fuji Xerox
Founded in 1962, Fuji Xerox Co., Ltd. is a leading company in the Document Services & Communications field, offering solutions and services to help customers resolve their business challenges. Underlying our solutions and services are our world-class office multifunction devices, printers and production printers that we develop and manufacture for worldwide distribution. Together with cloud and mobile solutions, Fuji Xerox builds a communications environment that enable our customers to access the right information, at the right time, and in the right form—thereby contributing to their valuable communications.
Fuji Xerox is a 75-25 joint venture between FUJIFILM Holdings Corporation and Xerox Corporation, and its direct sales force covers Japan and the Asia-Pacific region including China. We employ approximately 45,000 people globally, with more than 80 domestic and overseas affiliates / sales subsidiaries. More information of Fuji Xerox is available at www.fujixerox.com.
About Fuji Xerox Singapore:
Fuji Xerox Singapore Pte Ltd is a leading provider and trusted partner for quality document services and communications, enabling people and businesses to share knowledge across all platforms seamlessly. Established in 1965, Fuji Xerox Singapore employs approximately 900 staff, including a team of industry leading professionals who support our portfolio of document management technologies, IT solutions, and customer communication services. Fuji Xerox Singapore offers a holistic ecosystem of products and solutions to enable businesses to achieve increased productivity and efficiency while deriving greater value from communications. This includes world-class office multifunction devices, cloud and mobile solutions, multichannel marketing solutions, and business process management solutions.
At Fuji Xerox Singapore, our commitment to being a long-term investor of the community in which we operate is underpinned by the principle of ‘Enable and Empower’, focusing on youths in Singapore. Fuji Xerox Singapore is a wholly owned subsidiary of Fuji Xerox (Japan), a joint venture between FUJIFILM Holdings Corporation (75%) and Xerox Corporation of the USA (25%). To learn more about Fuji Xerox Singapore’s commitment to innovation, customer service and sustainability, please visit http://www.fujixerox.com.sg/.
About Fuji Xerox’s Commitment to Sustainability
Fuji Xerox published its first Group sustainability report in 2003, following GRI guidelines. Sustainability is integral to Fuji Xerox’s business growth strategy. The company’s global sustainability commitment is to reduce its regional carbon footprint across its value chain by 30 percent by 2020 and to lead its customers, partners and suppliers on sustainability issues.
Fuji Xerox has implemented an integrated resource recycling system to reuse separate parts of an existing machine across the document management and printing ecosystem, and provides leadership to the Asia Pacific business community by engaging its customers on what sustainability and reduced carbon footprint means. Fuji Xerox became a signatory of the United Nations Global Compact in 2002 and was nominated a UN Global Compact LEAD company (there are only 43 such companies throughout the world) in 2010 in recognition of the commitment of Fuji Xerox’s top management to implement corporate sustainability practice, and inspire the uptake of sustainability solutions among businesses around the world.
GRI is an international independent organization that has pioneered corporate sustainability reporting since 1997. GRI helps businesses, governments and other organizations understand and communicate the impact of business on critical sustainability issues such as climate change, human rights, corruption and many others. With thousands of reporters in over 90 countries, GRI provides the world’s most trusted and widely used standards on sustainability reporting, enabling organizations and their stakeholders to make better decisions based on information that matters. Currently, 40 countries and regions reference GRI in their policies. GRI is built upon a unique multi-stakeholder principle, which ensures the participation and expertise of diverse stakeholders in the development of its standards. GRI’s mission is to empower decision-makers everywhere, through its standards and multi-stakeholder network, to take action towards a more sustainable economy and world.
Xerox, Xerox and Design, as well as Fuji Xerox and Design are registered trademarks or trademarks of Xerox Corporation in Japan and/or other countries.
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