Global Reporting Initiative
Global Reporting Initiative (GRI) is working toward a global application of its sustainability reporting framework, which is already widely used and demonstrates continuous improvement through its network-based structure. GRI uses the reporting of financial results as a familiar template for its cohesive disclosure mechanism, the Sustainability Reporting Framework, which encompasses social, economic and environmental performance. Reliability and transparency in the sustainability information exchange are hallmarks of GRI’s framework.
Extracting working methodologies and input from a global pool, GRI relies on leaders across multiple disciplines (e.g. labor, civil, and business) in order to create not only agreement in its approaches, but also to realize the greatest level of relevance, credibility, and technical proficiency. Organizations can benchmark their performance using GRI sustainability techniques, generating sustainability reports that include voluntary as well as performance based, legal and other monitoring aspects.
Data components available through GRI include National Annexes which provide information tailored to a specific country, Sector Supplements which are customized by industry, and the G4 Guidelines – the fourth version of GRI’s Sustainability Reporting Guidelines.
The baseline for sustainability reporting implementing GRI techniques are its Guidelines, which are applicable no matter where, to what scale, or in what industry an organization operates. GRI Guidelines contain what are termed “indicators”, which helps organizations enact GRI standards over time. In turn, within specific indicators are “protocols”, which provide greater focus on how to meet the standards within the GRI Guidelines.
For more information about GRI, visit https://www.globalreporting.org. Please contact Freer Consulting Co. to learn more about how we can help you explore options for enacting a sustainability program meeting the standards of Global Reporting Initiative.