Tag: GRI Standards

GRI global adoption by top companies continues to grow

Stuart Mitchell

Sustainability reporting around the world by major companies is now ‘business as usual’, with nine-in-ten of the companies that do report choosing to use the GRI Standards, according to a comprehensive new survey. The 2024 edition of the KPMG Survey of Sustainability Reporting looks at the reporting practices of 5,800 companies – comprised of the largest 100 companies in each of 58 countries (the N100). It revealed that GRI usage has risen to 71% (up three percentage points on 2022), while among a subset of the 250 largest multinationals (the G250)…

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Sustainability disclosure still driven by voluntary policies

Stuart Mitchell

Since 2023, sustainability reporting policies have leaned further toward voluntary frameworks, which now account for 58% of policies set around the world – as revealed in the 2024 edition of the Carrots & Sticks (C&S) report.   The research finds that GRI is referenced in 18% of ESG regulations globally, while there is an increase in disclosure policies related to SDG 8 (decent work) and SDG 16 (peace and justice). The finance, manufacturing and technical sectors are the most targeted industries – each covering 10-20% of policies.  The 2024 report sees…

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CDP and GRI deepen collaboration to streamline environmental disclosure and boost access to comparable data

Stuart Mitchell

Two leading organizations within the corporate sustainability ecosystem are deepening their collaboration to improve and streamline environmental reporting, following a Memorandum of Understanding that was signed between CDP and Global Reporting Initiative (GRI) during Novembers COP29 Climate Change Conference in Baku. GRI provides the global common language for organizations to report their environmental, social and economic impacts – the GRI Standards. CDP is the global independent disclosure system for companies to measure and manage their environmental impacts. Over 14,000 organizations use the GRI Standards while more than 24,800 companies representing…

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Understanding impact: new collaboration commences between GRI and IFVI

Stuart Mitchell

Two global organizations committed to enabling businesses to contribute to a just and sustainable future, through a deep understanding of their impacts, have announced the start of a new partnership. The Global Reporting Initiative (GRI) has been the champion of impact reporting for over 25 years, with the GRI Standards the world’s most widely used framework for sustainability reporting. Meanwhile, the International Foundation for Valuing Impacts (IFVI), launched in 2022, builds on the frameworks and protocols of GRI and existing standard-setters to develop the next level of sustainability information –…

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GRI and TNFD make reporting on biodiversity easier

Stuart Mitchell

Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have published a joint interoperability mapping resource that gives a detailed overview of alignment between the TNFD Disclosure Recommendations and metrics and the GRI Standards. Over the past two years, the TNFD and GRI have worked closely together to support the development of each other’s guidance – notably GRI input into the TNFD Recommendations published in September 2023, and TNFD input into the recently published GRI Biodiversity Standard. Responding to feedback from market participants, the TNFD and GRI…

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