In 2003, the GRI and UNEP FI co-convened a global, multi-stakeholder process involving key international financial sector and stakeholder leaders to create a Pilot Version 1.0 of the GRI Financial Services Sector Supplement (Environmental Performance). The environmental performance supplement was released in March 2005 and it complements the existing Pilot Version 1.0 of the GRI Financial Services Supplement (Social Performance) which was released already in November 2002.

Since 2006 UNEP FI and GRI have jointly coordinated a working group to pilot and review the draft versions of the GRI Financial Services Sector Supplement (Environmental and Social Performance).

Working Group and Strategic Partners

The Social Performance Indicators were developed in 2002 to use with the GRI 2002 (G2) Guidelines in cooperation with Co-operative Insurance, Credit Suisse Group, Deutsche Bank AG, Development Bank of Southern Africa, Rabobank, Swiss Re, The Co-operative Bank, UBS AG, Westpac Banking Corporation and Zürcher Kantonalbank.

The Environmental Performance Indicators supplement was developed in cooperation with the UNEP Finance Initiative. Working Group participants include Centre for Corporate Citizenship University of South Africa, Instituto Centroamericano de Administracion de Empresas, Earthwatch Europe, Euronatur, Friends of the Earth USA, Wilderness Society Australia, Bank of China, Calvert Group, Deutsche Bank Asset Management, Insurance Australia Group, National Australia Bank, Nedbank Group Limited, Rabobank,  Standard Chartered, Swiss Reinsurance Company, Westpac Banking Corporation, Christian Brothers Investment Services (CBIS), CoreRatings and Ethical Investment Research Services (EIRIS).

The revised GRI Financial Services Sector Supplement was developed in cooperation with the UNEP Finance Initiative. Working Group participants include Westpac Banking Corporation, BCSC Fundación Social (Colombia), CECA, State Street Corporation, National Australia Bank, Vancity & Citizens Bank of Canada, BMO Financial Group, Tapiola Insurance Group, Zurich Cantonalbank, VicSuper Pty Ltd, Suedwind Institute, Friends of the Earth USA, Christian Brothers Investment Services, CoreRatings, EIRIS, Earthwatch, FGVSP, Germanwatch and Union Network.

For further information regarding the Financial Services Sector Supplement, please contact guidelines@globalreporting.org.