News

Scenario-building workshop for Connexion Montérégie

This past spring, EEM tested their facilitator skills with a diverse group of community stakeholders participating in a workshop of the Connexion Montérégie, a McGill University biodiversity and ecosystem services research initiative.  McGill University researchers were seeking the collaboration of the local business community, local agriculture, NGOs, and municipal and regional governments, to build future land-use scenarios that could be used by the researchers to model the impacts on ecosystems.  EEM’s challenge was to bring together all the players to develop creative, yet not improbable, scenarios of future trends and events that would influence the land-use over the next 50 years.  The researchers will be combining the results of actual biological and landscape research with a selection of the most creative scenarios to model the impacts on biodiversity and ecosystem services in the Richelieu Valley, with the idea of providing decision-makers with the best information possible. Our team of three facilitators planned the workshop outline, exercises and material and saw to the smooth running of what turned out to be a very stimulating event.  Read more about Connexion Montérégie.

TOPICS: Client successes

EEM Newsletter – June 2014

The Quebec Mining Association adopts the Towards Sustainable Mining Standard

The Towards Sustainable Mining (TSM) standard, developed by the Mining Association of Canada, has just been adopted by the Quebec Mining Association. Read more.


A new sustainability hub at McGill?

EEM was hired to facilitate a half-day workshop for the McGill community as they contemplate creating a new sustainability hub. Read the case study.

ISO14001: 2014 FDIS available July 1st

ISO 14001 Environmental Management Systems is under review, with the draft version currently forecast to be published in English on July 1st, 2014. This will be the first time organizations will have an opportunity to review the changes and start their transitions.  The final revision is expected in September 2015. Read our earlier published summary of anticipated changes.

How do you measure the benefits of a sustainable development approach?

This past spring, EEM hosted a half-day training for the business community as part of Les Grandes Conférences Les Affaires, on a process to measure and report the benefits of adopting a sustainable development approach. Read the case study.

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TOPICS: Newsletters

The Quebec Mining Association adopts the Towards Sustainable Mining Standard

The Towards Sustainable Mining (TSM) standard, developed by the Mining Association of Canada, has just been adopted by the Quebec Mining Association.  The initiative requires mining companies to self-assess their operations annually against a set of 6 performance-standards covering tailings management, Aboriginal and community outreach, biodiversity conservation management, energy use and greenhouse gas emissions management, safety and health, and crisis management planning.

Mining companies in Quebec, that are members of the Quebec Mining Association, will have a four year phase-in period to ensure operations meet the TSM standard. Annual self-assessment results will be externally-verified by Mining Association of Canada recognized third-party verifiers every three years to ensure the reported results are accurate. All facility-level results will be published each year in annual TSM Progress Reports and will be readily available to the public.  Note that Quebec companies that are also members of the Mining Association of Canada will already have adopted the standard and are reporting annually.

EEM has been involved with the TSM initiative since its inception ten years ago.  Three members of our team are recognized TSM Verification Service Providers. We frequently assist our mining clients with implementation and verification of TSM performance standards.  EEM has also co-authored community engagement strategies for mining companies and has been involved with the creation and facilitation of multi-interest stakeholder groups to address local concerns about a mine’s development that are in-line with the TSM Aboriginal and community outreach standard.

TOPICS: Information

ISO14001: 2014 FDIS available July 1st

The ISO 14001 Environmental Management Systems standard is under review, with the final draft version currently forecast to be published in English on July 1st, 2014. This will be the first time organizations will have an opportunity to review the changes and start their transitions.  The final revision is expected in September 2015.  Read our earlier published summary of anticipated changes.

TOPICS: Information

How do you measure the benefits of a sustainable development approach?

This past spring, EEM hosted a half-day training for the business community as part of Les Grandes Conférences Les Affaires, on a process to use to measure and report the benefits of adopting a sustainable development approach.  Read more.

TOPICS: Announcement of a new case study

A new sustainability hub at McGill?

ÉEM was hired to facilitate a half-day workshop for the McGill community as they contemplate creating a new sustainability hub.  Read more.

TOPICS: Announcement of a new case study

Integrated Reporting for the Financial Community

The IIRC[1] recently published a new framework for reporting company performance and prospects to the financial community. The framework encourages companies to disclose information related to their ability to create value, now and in the future, rather than limiting reporting to the traditional backward-looking financial information found in company annual reports.

Unlike the Global Reporting Initiative’s G4 Sustainability Reporting Guidelines, which address reporting of material aspects to a wide range of stakeholders, including customers, suppliers, employees, local communities, regulatory agencies, industry associations, NGOs and investors, the new IR stylisedFramework focuses primarily on the latter audience: providers of financial capital. IR stylised is about improving the relevance of the annual report and enabling a more efficient and productive allocation of capital. Rather than replacing sustainability reporting,  IR stylised  elevates material sustainability issues that have a bearing on value creation or erosion into mainstream investment decision-making.

The framework encourages the company to answer a series of questions addressing its organizational overview and external environment, governance, business model, risks and opportunities, strategy and resource allocation, performance and outlook.

In describing the business model, the company should discuss its inputs, business activities, outputs, and outcomes.  The inputs and outcomes are not limited to financial flows, but should also include flows of other forms of capital. Depending on the company and its sector, its effects on manufactured capital, intellectual capital, human capital, social and relationship capital, and natural capital may have a material influence on its ability to create long term value.  While all these aspects should be considered, the business may, of course, use its own terminology or classification system.

Source: The International  IR Framework

Source: The International IR Framework

Consideration of all these flows is what the IIRC refers to as integrated thinking, which the IIRC believes will lead to better decision-making both internally to the business and by the financial community. The report should analyze how the business activities have used, or been affected by, those capitals in its creation of value.

In preparing the report, the company should adhere to the framework’s guiding principles:

Strategic focus and future orientation

An IR stylised report should provide insight into the organization’s strategy, and how that relates to its ability to create value in the short, medium and long term and to its use of and effects on the capitals.

Connectivity of information

An IR stylised report should show a holistic picture of the combination, interrelatedness and dependencies between the factors that affect the organization’s ability to create value over time.

Stakeholder relationships

An IR stylised report should provide insight into the nature and quality of the organization’s relationships with its key stakeholders, including how and to what extent the organization understands, takes into account and responds to their legitimate needs and interests.

Materiality

An IR stylised report should disclose information about matters that substantively affect the organization’s ability to create value over the short, medium and long term.

Conciseness

An IR stylised report should be concise.

Reliability and completeness

An IR stylised report should include all material matters, both positive and negative, in a balanced way and without material error.


IR Questions2Consistent with its intent, there is also a requirement for a report claiming to use the IR stylised Framework to include a statement from those charged with governance that acknowledges their responsibility in ensuring the integrity of the report and that they have applied their collective mind to the preparation and presentation of the report, as well as their opinion or conclusion about whether the report is presented in accordance with the IR stylised Framework.

The framework was published in early December 2013 after consultation on a draft involving both business and investor networks as well as other stakeholder groups.   EEM looks forward to seeing how businesses involved in the pilot programme start using this challenging framework and how investor decisions are influenced by the more holistic performance and outlook information.

To see the concepts of in practice, readers can visit the IIRC’s Database of Emerging Practice.

Reference: The International Framework Copyright © December 2013 by the International Integrated Reporting Council (‘the IIRC’). All rights reserved. Used with permission of the IIRC. Contact the IIRC () for permission to reproduce, store, transmit or make other uses of this document.


[1] The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs.

TOPICS: Information

GRI G4 Guidelines available in French

GRI has released the french translation of the G4 Guidelines. Click on the image below.

Bonne lecture!

TOPICS: Information

Eco Canada profiles Stephanie Hamilton

Following her recent shift from Certified Environmental Auditor to Environmental Professional with specialization in Sustainability, Eco Canada has published a profile of Stephanie Hamilton, EEM’s Vice-President, Sustainable Business.  Read more.

TOPICS: Announcement of company info

EEM Newsletter – November 2013

strategy_embeddingUpcoming Changes to ISO14001

Major changes are on the horizon for ISO14001.  EEM is excited to see these as they will push the management of environmental issues closer to the decision-makers within businesses, giving the greatest chance for performance improvements.  Read more.

ESIA in West Africa

EEM has been retained to conduct the environmental and social impact assessment (ESIA) of the extension of a major bauxite mine in West Africa. The EEM team, comprised of Guinean and Canadian partners, was selected above six international consulting firms. The ESIA is to be completed in 2014.

Partnership with Darzin Stakeholder Mapping Software

EEM is pleased to announce that it has signed a partnering agreement with Darzin, developers of an online stakeholder management software designed to structure and implement great stakeholder engagement processes.

community_partneringConnexion Montérégie

EEM is please to continue its partnership, through 2014, with the McGill University researchers, the Mont St-Hilaire Nature Centre, NGOs and government bodies who together form the Connexion Montérégie. Since 2010, EEM has donated stakeholder identification and landscape research with stakeholder input to model sustainable land use, aimed at preserving and enhancing biodiversity and ecosystem services in the Richelieu Valley.  Read more.

Two recent projects

EEM was hired by a not-for-profit organization to create a due diligence assessment framework of potential mining projects to assist them in determining whether to partner with mining-sector companies.  Consult the Case Study.

EEM recently completed a benchmarking exercise for a large printing and media company to ascertain the different approaches to sustainable development adopted by a group of the company’s peers and seek out best practices.  Read the Case Study.

 

community_stakeholderUpcoming Event

Come to the EEM workshop on Demonstrating the Benefits of a Sustainable Development Approach at the Summit for Sustainable Development Managers, hosted by Les événements Les Affaires in Montreal on 18th and 19th February 2014.

TOPICS: Newsletters