Global Reporting Initiative (GRI)

This #BlackFriday, choose growth and learning. ? Expand your sustainability skills and join any of the #GRIAcademy?? courses with a limited-time 15% discount using the code GRI_BlackFriday24? ? ?The offer is valid from 28 November until 5 December. ? Enroll today! ?? https://lnkd.in/g8V_x6g6

Nine-in-ten major companies that produce a sustainability report use the #GRIStandards ?? ? New research from KPMG, of 5,800 leading companies globally (the N100), finds 71% use GRI – an increase of 3 percentage points on 2022. And of the world’s largest 250 companies (the G250), 77% are GRI reporters ?? ? Insights from the survey of #sustainabilityreporting include: ? Across global regions, GRI is the most widely used: Asia-Pacific (75%) ?? Europe (71%), Americas (70%) ?? and Middle East & Africa (64%) ?? ? Leading countries for GRI adoption are Taiwan (100%), Singapore (97%), Spain, Japan & South Korea (all 94%). ? Companies obtaining independent #sustainabilityassurance has risen to 69% of the G250 – of which half now complete a #doublemateriality assessment. ? See here for more details ?? https://lnkd.in/eeYkxVes

An MoU ?? between GRI’s Global Sustainability Standards Board (#GSSB) and the Sustainability Standards Board of Japan（SSBJ）?? will see increased collaboration between the two bodies, with an agreement to: ? ? Explore how #impactreporting enables companies to assess risks & opportunities. ? Capacity building for Japanese companies to use the #GRIStandards to meet disclosure needs. ? Regular interchange on standard-setting agendas and new developments. ? As GSSB Chair Carol Adams explains ?? “We are well aligned in our understanding that reporting on a company’s most significant impacts is important in its own right, and the basis for identifying financial risks and opportunities.” ? See here for more ?? https://lnkd.in/eRSvmqSf

As #sustainability takes center stage in #corporategovernance, organizations face mounting pressure to disclose their environmental impacts ?? accurately. While #ESG claims are essential to stay competitive, the risks of #greenwashing - whether intentional or not - are higher than ever, posing challenges for legal, risk and sustainability professionals alike ?? Discover how, by proactively addressing those impacts & risks, companies can not only protect themselves from reputational, regulatory and legal repercussions but also build trust & credibility with their stakeholders - in this recent Medium article, authored by GRI #ASEAN and Allen & Gledhill LLP ?? https://lnkd.in/dtNS6SPd #sustainabilityreporting #impact #riskmanagement

Our partnership with EFRAG continues to pave the way for streamlined sustainability reporting ???? Here’s what’s new: ? The official GRI-ESRS Interoperability Index is now available for download, outlining how GRI disclosure requirements relate to the European Sustainability Reporting Standards (#ESRS), reiterating the high degree of alignment achieved between the two sets of standards. This ensures GRI reporters can transition smoothly to ESRS reporting without duplicating efforts. ? The #GRIAcademy has launched the course on ‘Double Materiality Assessment under the ESRS', guiding companies through a core ESRS requirement. This is the 3rd course in our ESRS Certification Program, designed to help organizations excel in their #sustainabilityreporting journey. ? As #digitalreporting evolves, GRI and EFRAG are working to align their XBRL #taxonomies, ensuring seamless transitions to digital platforms and improving sustainability data accuracy & accessibility. Read more and access the official Interoperability Index here ?? https://lnkd.in/dg7Etct3 #GRIStandards #impactreporting #CSRD

New insights on our #sustainabletaxonomy at Data Amplified in Madrid this week, where our interim CEO Cristina Gil White and Senior Manager Piers Horner presented on opportunities and trends for #digitalreporting together with XBRL International, Inc. ? Our new digital taxonomy ??? will make reporting with the #GRIStandards faster, easier and more data-driven - unlocking value for reporters & experts alike. Here are the latest developments, following a public consultation: ??Experts have deemed the taxonomy effective in capturing GRI Standards, disclosures and omissions with a clear, structured approach. ??Overlapping concepts for sector reporting have been consolidated, making it more efficient and consistent. ??Organizations will be able to submit GRI reports digitally through a registration system, with validation and approval ensuring credibility - and reports can be exported in formats like Excel and #XBRL. ? The GRI Sustainability Taxonomy is set for a full launch in early 2025, with pilots for reporters and software vendors kicking off right after. See here for more on the project ?? https://lnkd.in/dUEG3TGx ?

What a busy week it’s been for GRI at #COP29 in #Baku! ?? While the conference continues, we’re thrilled to share some highlights from an action-packed time for the GRI delegation ?? At our joint session with Climate & Company and Sustainera Solutions, our Climate Lead, Margherita Barbieri, joined Ingmar Juergens, Ilkin HAJI, WWF, and #GRICommunity members, among others, to discuss practical solutions for climate #sustainabilityreporting ?? Margherita also explored how the latest #climatereporting standards, including the upcoming GRI #ClimateChange ??? & Energy ? Standards, are paving the way for corporate #climateaction, in a session hosted by United Nations Global Compact Networks Spain, Portugal & Netherlands. Ede Ijjasz-Vásquez, GRI Supervisory Board Member & Fellow at The Brookings Institution, reflected on over 25 years of GRI’s impact, providing companies with a roadmap for comprehensive #sustainabilityreporting. Ede also highlighted our collaboration with the IFRS Foundation to harmonize the reporting landscape ?? ?? Missed the session? Watch the recording here ?? https://lnkd.in/dJ2Ngtbt #GRIStandards #climateaction

We are pleased to share that our collaboration partner International Foundation For Valuing Impacts (IFVI) has released a suite of new #impactaccounting resources, which enable companies & investors assess their most significant #environmentalimpacts, in monetary & value terms. The resources cover more than 430 different types of impacts - air pollution, land use and conversion, waste, and water pollution - tailored to the unique contexts of over 268 countries and regions ?? Check them out here ?? https://bit.ly/3OcVbSF

We were excited to confirm a renewed partnership last week at #COP29 and look forward to deeper collaboration on #environmentalreporting with CDP - including technical alignment & capacity building - to meet the needs of companies, markets and other stakeholders! ??

?? 2024 edition of 'Carrot & Sticks' (C&S) now available! ? The report highlights a clear trend: voluntary sustainability disclosure policies around the world now lead at 58%, while sector-specific #ESG policies are surging in finance, manufacturing and technical fields ?? ? New tools in the C&S database make it easier to explore policies by sector or SDG, and key insights in the 2024 report include: ? ?With 214 additions, C&S now tracks 2,677 ESG policies globally – reflecting a growing commitment to #corporatetransparency ? #GRIStandards referenced in 18% of tracked policies (477), with voluntary uptake growing across Asia-Pacific, Europe & Latin America ??Strongest SDG focus is on #SDG8 (Decent Work) & #SDG16 (Justice) ? Read the news article ???https://lnkd.in/dksfHyKb Access the database & report ?? https://lnkd.in/g-UWvBJ King's College London | University of Edinburgh Business School | Stellenbosch Business School