GRI launches sustainability reporting 5-year plan
Global Reporting Initiative launched a new five-year plan on Tuesday to expand its sustainability reporting standard for businesses
The Global Reporting Initiative (GRI) launched a new five-year plan on Tuesday to expand its sustainability reporting standard for businesses.
Amsterdam-based GRI helps businesses, governments and other organisations understand and communicate the impact of business on climate change, human rights and corruption.
GRI has thousands of reporters in over 90 countries and provides global standards on sustainability reporting and disclosure, enabling businesses, governments and civil society to make better informed decisions.
GRI’s new 5-year strategic roadmap unveiled this week will help organisations report their economic, environmental, and social performance by providing a common framework.
The plan will focus on enhancing GRI’s work with governments and international markets to implement policies that address climate change, human rights and corruption.
The plan is also aimed at promoting sustainability reporting more widely and encouraging companies that are already on board to improve the quality of their reporting.
GRI is also planning to optimise the use of information submitted in sustainability reports and will work with technology and data companies to make the data more widely accessible.
The new plan will also see GRI boost its collaboration with organisations in the reporting field to drive improvements in reporting quality.
GRI has worked with government agencies in China and India recently to promote dialogue around sustainability reporting, and assists stock exchanges worldwide establish reporting policies by providing training for senior executives.
GRI also conducts workshops to help investors, civil society and the media use sustainability data that is reported by companies more effectively.
GRI’s reporting standard was launched in 2000 and is developed by experts from the private sector, civil society, labour organisations, academia, and finance.
The guidelines have undergone four revisions and the most recent G4 standard was released in 2013.
Thousands of companies in nearly 100 countries use GRI standards for sustainability reporting.
