Thursday, April 26, 2012

The GRI Sustainability Reporting Framework

Global Reporting Initiative's (GRI) Sustainability Reporting Framework is a set of practical tools that companies can use to measure and report their economic, environmental, social performance. The Framework serves internal tracking purposes and transparency. The Framework includes Reporting GuidelinesSector Guidelines and other resources.

Reporting Guidelines

The Reporting Guidelines feature sustainability disclosures that organizations can adopt flexibly and incrementally. There are also sector-tailored guidance on reporting standards set by GRI.

Sector Guidelines

Sector specific supplements are also available on issue related to biodiversity management and ecosystems, community consultation, Indigenous people’s rights, handling disputes related to land, the resettlement of local communities and more.

GRI reports are used for internal benchmarking purposes and public disclosure. GRI recommends that companies set up a reporting cycle — a program of data collection on environmental and social impacts of the organization, internal and external communication, and responses. A reporting cycle allows firms to monitor their performance on an ongoing basis. This information is and then made public.  

For more information click here.

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