Target Rock Advisors, LLC has mapped the key performance indicators used in its energy utility sustainability assessment, ranking and stock market indexing systems onto the Standard Disclosures used by the Global Reporting Initiative (GRI). GRI is the most widely used sustainability reporting framework in the world and has been adopted, or is currently being considered, by a significant number of U.S. utilities.
Hauppauge, N.Y. (PRWEB) August 08, 2012
Target Rock Advisors, LLC has mapped the key performance indicators used in its energy utility sustainability assessment, ranking and stock market indexing systems onto the Standard Disclosures used by the Global Reporting Initiative (GRI). GRI is the most widely used sustainability reporting framework in the world and has been adopted, or is currently being considered, by a significant number of U.S. utilities.
“Since launching our sustainability rankings and stock market indexes this past February, we have been asked how our system compares with others,” said Richard Rudden, Managing Partner and co-founder at Target Rock. “While Target Rock’s products, services and analytical approach are unique, they do rely in part on information that is related or similar to that collected by other established reporting organizations. In particular, GRI is the global leader in the arena of sustainable and socially responsible corporate reporting. It is also the standard we see many U.S. utilities presently using or seriously considering. We felt it would be valuable for our stakeholders, who are primarily utilities and investors, to see how Target Rock’s data relate to GRI’s Standard Disclosures.”
As a GRI Organizational Sponsor stakeholder, Target Rock supports GRI's objectives and reporting principles. While TRA offers the map to facilitate an understanding of the relationship between GRI disclosure topics and performance indicators and those used by TRA, TRA does not use GRI reporting data directly in its analyses. “In our view, GRI represents industry best practices, and we will continue to actively monitor and engage in GRI standards development,” said Mr. Rudden.
The mapping of TRA’s performance indicators onto GRI’s Electric Utility Sector Supplement reporting protocol can be found on Target Rock’s website at http://www.targetrockadvisors.com/sustainability-scoring-indexing-processes/mapped-to-gri/
GRI’s Electric Utility Sector Supplement reporting protocol is available at https://www.globalreporting.org/reporting/sector-guidance/electric-utilities/Pages/Downloads.aspx
About Target Rock
Target Rock is dedicated to the rigorous study and implementation of sustainability policies and practices within the utility and financial industries. The Company’s mission is to provide data, information, analytical systems and deep sector-specific technical expertise that identifies areas for improved performance and helps utility companies achieve their sustainability objectives with favorable social and economic outcomes. Through its partners and associates, Target Rock has over 250 years of combined experience in sustainability and executive leadership, equities and fixed income analysis, financial management, statistics and econometrics, regulatory policy analysis and management consulting. For more information visit http://www.targetrockadvisors.com.
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