Tag: GRI Standards

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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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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