Second Set of Draft GRI Standards Released for Public Comment
Although most G4 Aspects will form the basis for an individual Standard, some Aspects have been merged in order to reduce duplication. For example, the G4 Aspects ‘Marketing and Communications’ and ‘Product and Service Labelling’ have been combined into one Standard on ‘Marketing and labeling’. Also the two social compliance-related Aspects have been merged into one Standard on ‘Social Compliance’. Each topic-specific GRI Standard now includes a new background context section, along with a clearer distinction between requirements, recommendations, and guidance.
“The GRI G4 Guidelines are already the most widely used framework for sustainability reporting in the world. Our transition to Standards is designed to scale up our reach even further,’ said Eric Hespenheide, Chair of the Global Sustainability Standards Board (GSSB). “The improved structure, format and presentation of GRI Standards, as well as the fact that individual Standards can be used alone, will open up reporting to thousands of organizations that have not yet begun disclosing their broader economic, environmental and social impacts. We are also transitioning from periodic to continual updates of GRI Standards, as market and stakeholder demands evolve.”
Organizations preparing a sustainability report ‘in accordance’ with the GRI Standards will select only the relevant topic-specific Standards, based on their material topics. However, the Standards can also be used and referenced independently, to allow reporting on a specific sustainability subject. This will give reporting organizations more flexibility and make sustainability reporting more accessible for new reporters, including small and medium-sized enterprises.
Comments on the revised format and structure of GRI Standards can be submitted via the GRI Consultation Platform. Public exposure of GRI Standards ensures they are developed through a multi-stakeholder approach, as set out in the Due Process Protocol.
The public comment period for all draft GRI Standards ends 17 July 2016. On 15 June 2016, GRI will host a webinar with more details on the transition to Standards. Register for the webinar here. For more information please contact GRI Media Relations Manager Davion Ford at ford@globalreporting.org
About the GSSB
Established as an independent operating entity under the auspices of GRI, the Global Sustainability Standards Board (GSSB) is comprised of 15 members, who represent the best combination of technical expertise, diversity of experience and multi-stakeholder perspective. The GSSB performs its work according to a formally defined due process, exclusively in the public interest and according to the vision and mission of GRI. The GSSB also oversees the work done by GRI’s Standards Division in creating GRI Sustainability Reporting Standards (GRI Standards).
About GRI
GRI is an international independent organization that has pioneered corporate sustainability reporting since 1997. GRI helps businesses, governments and other organizations understand and communicate the impact of business on critical sustainability issues such as climate change, human rights, corruption and many others. With thousands of reporters in over 90 countries, GRI provides the world’s most trusted and widely used standards on sustainability reporting, enabling organizations and their stakeholders to make better decisions based on information that matters. Currently, 40 countries and regions reference GRI in their policies. GRI is built upon a unique multi-stakeholder principle, which ensures the participation and expertise of diverse stakeholders in the development of its standards. GRI’s mission is to empower decision-makers everywhere, through its standards and multi-stakeholder network, to take action towards a more sustainable economy and world.
