Tag: GRI Standards

A declaration calling on European policymakers to safeguard core sustainable finance rules is now backed by 323 organizations, reflecting widespread concern that the EU Omnibus may weaken legislation that is crucial to competitiveness and economic growth. The public letter emphasizes that the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) underpin business resilience, by ensuring a level playing field in which companies assess and disclose their impacts and risks. Signatories so far include 104 investors (such as Allianz SE, Nordea AM, La Banque Postale and Royal…

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A new sustainability reporting standard to advance accountability in one of the world’s most impactful, complex and competitive sectors – textiles and apparel – is one step closer, following the launch of a global public comment period by GRI.  The proposed Textiles & Apparel Sector Standard is designed for all organizations in textiles, clothing, footwear or jewelry production and manufacturing, for both retail and wholesale. It addresses impacts across all levels of the supply chain and up to point-of-sale and the consultation is now open until 28 September 2025.  Central…

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Recognizing that an escalating climate crisis calls for integrated and global solutions, GRI has launched new Climate Change and Energy Standards to empower organizations to take accountability for their impacts and accelerate climate action. GRI 102: Climate Change emphasizes that achieving substantial reductions in greenhouse gas (GHG) emissions is the primary mitigation step organizations can take. It sets reporting expectations based on science-based targets and global climate goals – while incorporating ‘just transition’ metrics covering impacts on workers, local communities and Indigenous Peoples. GRI 103: Energy comprehensively addresses an organization’s…

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GRI has launched its Sustainability Taxonomy, a machine-readable version of the GRI Standards that enables faster data collection and improved comparability of sustainability disclosures through the use of XBRL – the global language for business reporting. The new GRI Sustainability Taxonomy helps organizations share their data in a structured digital format, based on XBRL (eXtensible Business Reporting Language) and will strengthen interoperability with other standards, further enabling the use of GRI as the base for sustainability reporting. Covering all GRI Standards – Universal, Sector, and Topic – it provides the…

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GRI, together with 11 leading organizations in sustainable finance and corporate reporting, have issued a public letter urging UN Member States to retain key corporate sustainability disclosure provisions in the Fourth International Conference on Financing for Development (FfD4) negotiations. Ahead of the FfD4 Preparatory Committee meeting in New York this week, the joint letter explicitly calls for the retention in of the text the ‘Zero Draft Outcome’ document that sets out provisions on ‘double materiality-based reporting’. In line with GRI’s commitment to a seamless global reporting system, the letter also…

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