Tag: GRI Standards

Blueprint to advance transparency and accountability for labor impacts

Stuart Mitchell

How are organizations responding to their responsibilities to ensure decent working conditions and fully disclose their impacts on workers? This question is at the heart of a major review of all GRI labor-related Standards – with a consultation launched for the first phase of disclosures.   Seeking greater transparency on employment practices and working conditions, a suite of proposed changes address policies on employment relationships, pay and working hours, and how businesses handle significant changes for workers. A global public comment period, underway until 4 October 2024, seeks feedback on redrafted…

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GRI and IFRS Foundation collaboration to deliver full interoperability that enables seamless sustainability reporting

Stuart Mitchell

The IFRS Foundation and the Global Reporting Initiative (GRI) are deepening their working relationship, building upon the Memorandum of Understanding signed in 2022. This collaboration seeks to provide a seamless, global and comprehensive sustainability reporting system for companies looking to meet the information needs of both investors and a broader range of stakeholders. The increased collaboration will optimize how GRI and ISSB Standards can be used together to facilitate reporting on an organization’s impacts, risks and opportunities, including risks that arise from the organization’s impacts. The International Sustainability Standards Board…

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Making the Corporate Sustainability Reporting Directive accessible for all

Stuart Mitchell

A new publication addresses key themes on the implementation of the Corporate Sustainability Reporting Directive (CSRD), the legislation adopted by the EU in December 2022 and now in effect. CSRD Essentials simplifies key aspects of the new Directive and is the result of joint working between GRI, Pascal Durand, Member of the European Parliament and CSRD Rapporteur, and the Lefebvre – Sarrut Group. A practical and free resource addressed to policymakers and sustainability reporters, it encapsulates 11 core briefings that explain the CSRD in accessible language. Under the CSRD, more…

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GRI publishes guides to foster better disclosure and standards-based policymaking

Stuart Mitchell

With a continued shift towards mandatory sustainability reporting, GRI is supporting global policymakers with an initial set of three new guidance documents. Covering double materiality, due diligence, and the Corporate Sustainability Reporting Directive (CSRD), each publication emphasizes the pertinence of the topic and the significant role played by the globally adopted GRI Standards in helping address them: Double materiality: The interconnectedness of a company’s impacts on society and the environment with its financial performance. GRI reporting prepares companies for double materiality, given impacts are the basis for determining associated financial…

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Voluntary disclosure policies lead global sustainability agenda

Stuart Mitchell

The post-SDG era saw a huge growth in voluntary sustainability disclosure policies: mandatory ones constituted 55.2% pre-2015, whereas post-2015, 64% of global policies are voluntary. According to the 2023 Carrots & Sticks (C&S) report, this global trend is part of a wider proliferation of ESG policies around the world, which includes steady growth in the use of the GRI Standards. C&S 2023 tracks a four-fold increase in the number of sustainability policies since 2020, with the continued shift towards more responsible global governance going hand-in-hand with the rise in corporate…

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