GRI, a pioneer in sustainability reporting standards, consistently develops and upgrades its standards to meet its vision of inclusiveness and transparency apart from keeping up-to-date.
This September, members of the Global Sustainability Standards Board (GSSB) met to review public feedback and adopt the new reporting format “GRI Standards”. Here are some quick facts below to help you understand and transition to the new standard
- This new format has the same content topics and disclosures as G4 with no specific additional material topics.
- There will be minimal effect for companies transitioning from G4 to GRI Standards.
- This format looks to accommodate for progress in global commitments such as the UN Sustainable Development Goals, Paris Climate Agreement.
- With the GRI Standards, the organization looks to improve quality and comparability of reports around the world.
- GRI will organize launch events around the globe between Nov 2016 and May 2017 to introduce and educate about the new format.
- The G4 reporting format is valid until June 30th, 2018, after which reporting organizations are expected to adopt the GRI Standards reporting format.
- GRI is providing quick and simple tools to help current G4 reporters to switch to GRI Standards – find them here.
- GRI reporting companies have an opportunity to join an exclusive program to become a GRI Standards Pioneer and demonstrate leadership in sustainability reporting– more information here.
- For more information on training and workshops around transitioning to GRI Standards visit:https://www.globalreporting.org/information/FAQs/Pages/GRI-Training-and-Workshops.aspx