What is the purpose of Global Reporting Initiative?

GRI (Global Reporting Initiative) is the independent, international organization that helps businesses and other organizations take responsibility for their impacts, by providing them with the global common language to communicate those impacts.

What role does the Global Reporting Initiative play in preventing climate change?

The Framework provides the supporting architecture to link non-financial and financial information in companies’ mainstream reports. This enables companies and investors to minimise risk and identify opportunities by disclosing and reducing impacts on the environment.

Why was GRI created?

GRI was founded in Boston in 1997 following public outcry over the environmental damage of the Exxon Valdez oil spill. Our roots lie in the non-profit organizations CERES and the Tellus Institute (with involvement of the UN Environment Programme).

What does GRI reporting cover?

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Sustainability reporting, as promoted by the GRI Standards, is an organization’s practice of reporting publicly on its economic, environmental, and/or social impacts, and hence its contributions – positive or negative – towards the goal of sustainable development.

What are the three GRI standards?

The topic-specific GRI Standards are organized into three series: 200 (Economic topics), 300 (Environmental topics), and 400 (Social topics). The universal Standards support the organization in identifying its material topics, and lay out important principles to use when preparing a report.

Is GRI reporting mandatory?

Since July 2021, GRI and the European Reporting Advisory Group (EFRAG) have been working together to co-construct the European Sustainability Reporting Standards (ESRS), which will set mandatory disclosure requirements under the EU Corporate Sustainability Reporting Directive (CSRD) for some 50,000 companies.

How does GRI make money?

The majority of GRI’s funding come from commercial services, events, corporate engagements and memberships, while around 40% is provided by program grants from governments and foundations.

Is GRI A sustainability reporting?

Our services. Become a sustainability reporting expert and take your reporting to the next level with our services and tools, which include online learning and training, and exclusive thought leadership and membership programs.

What are GRI material topics?

Material topics are topics that represent an organization’s most significant impacts on the economy, environment, and people, including impacts on their human rights.

What does GRI stand for sustainability?

Global Reporting Initiative

The Global Reporting Initiative (GRI) is an international, multi-stakeholder and independent non-profit organization that promotes economic, environmental and social sustainability. The GRI was established in 1997 in partnership with the United Nations’ Environment Programme (UNEP).

Who has to report GRI?

Organizations are expected to report the disclosures from GRI 102: General Disclosures consistently for all entities covered by the report, as disclosed under Disclosure 102-45.

How many companies use GRI standards?

With over 10,000 reporting organizations, covering more than 100 countries and 73% of the world’s 250 largest companies – the GRI standards are the most widely adopted sustainability reporting standards in the world.

What are the Global Reporting Initiative guidelines?

The GRI Standards are a modular system of interconnected standards. They allow organizations to publicly report the impacts of their activities in a structured way that is transparent to stakeholders and other interested parties.

How many GRI indicators are there?

Included in the GRI Standards are 3 universal standards and 33 topic specific standards covering economic, environmental and social reporting metrics.

What is the green finance initiative?

Simply, green financing is a loan or investment that supports environmentally-friendly activity, such as purchasing environmentally-friendly goods and services or building environmentally-friendly infrastructure.

When was Cdsb created?

2007

CDSB, created in 2007, did this by offering companies a framework for reporting environment and social information with the same rigour as financial information.

Is CDP a framework or standard?

CDP is a popular voluntary reporting framework that companies use to disclose environmental information to their stakeholders (investors, employees, and customers).

Is TCFD mandatory in EU?

Only mandatory TCFD-aligned disclosure rules, the Platform members say, can create a level playing field for reporting companies and allay management concerns over reporting potentially sensitive information.