Tag: GRI Standards

New Climate Standards can unlock actionable and streamlined reporting on impacts

Stuart Mitchell

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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A digital leap forward for sustainability reporting – New Taxonomy enables easier and more effective GRI-aligned sustainability disclosures that are machine-readable

Stuart Mitchell

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 brings together global coalition for stronger sustainability disclosures

Stuart Mitchell

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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Strengthened disclosure can unlock sustainable finance agenda

Stuart Mitchell

Negotiations have begun in preparation for the United Nations’ Fourth International Conference on Financing for Development (FfD4), with GRI taking an active role to engage in the debate on how comprehensive sustainability reporting can play a greater role in aligning finance with sustainable development. The Elements Paper for FfD4 outlines proposals for sustainable development financing, reflecting priorities voiced by UN Member States, international organizations, civil society and others. It will serve as the foundation for the FfD4, to be held late June in Spain in 2025, which will seek to…

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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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