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‘Single all-encompassing framework’ needed for sustainability reporting

Research by the Better Alignment Project highlights confusion over differing sustainability reporting frameworks and the language and taxonomy they use. When it comes to sustainability reporting, corporate accounting departments are confronted with a plethora of choices; a huge number of systems that could be used to report a company’s environmental, social and governance credentials. This

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How GRI targets common language for ESG reporting

Tom Whittles, senior media relations manager at the Global Reporting Initiative, tells Debbie Miller how the ESG reporting framework was developed and how it should be used What is your methodology and approach to reporting on ESG matters? The Global Reporting Initiative’s (GRI) methodology is encompassed through the GRI Standards, the most widely used sustainability reporting

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Update to German translation of GRI Standards

Updates to two versions of the GRI Standards – ‘GRI 303: Water and Effluents 2018’ and ‘GRI 403: Occupational Health and Safety 2018’ – have been translated into German. They are now available to any German-speaking organization using the Standards. ​All of the German translations of the Standards can be downloaded free of charge on the

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Why the UN Global Compact is a CSR commitment that works

Julia Moshkin of EcoVadis points to research showing that companies that have signed up to the initiative’s 10 principles perform significantly better on driving responsibility in their supply chains Since the United Nations Global Compact (UNGC) released its 10 principles more than 15 years ago, nearly 12,000 companies worldwide have committed to adopting the sustainable and

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Non-financial reporting is the future of audit

Tidal waves of global growth, our heavy dependence on fossil fuels, and our constant need for innovation have led us to a world of inconsistencies and widening gaps between underdeveloped and developed countries. Our world is fracturing, and the fractures are growing bigger and bigger. In a report released in 2018 by Oxfam, 82% of the wealth

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GRI calls for business and governments to partner on SDGs

The chairman of the Global Reporting Initiative (GRI) had called for greater collaboration and cooperation between businesses and national governments in order to achieve the aims of the UN Sustainable Development Goals (SDGs). The GRI, one of the most recognisable standards for sustainability reporting, partnered with the Bombay Stock Exchange earlier this week to host

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Helping sectors increase accountability and transparency

The first GRI Sector Standard will focus on oil, gas and coal. GRI is inviting nominations to join an expert working group to produce the first GRI Sector Standard, for oil, gas and coal. Sector Standards will help companies in a specific sector to define their economic, environmental, and social impacts, enabling improved transparency and accountability

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Increasing sustainability reporting in Sri Lanka and Bangladesh

More than 500 businesses in Sri Lanka and Bangladesh are being supported to report on their sustainability impacts following the launch of new guidance.​ GRI has provided technical input to guides produced by the Dhaka Stock Exchange (DSE) and the Colombo Stock Exchange (CSE), which they will share with all their listed companies, providing recommendations

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Strong backing for tax transparency from investors

A future where disclosure of the taxes paid by businesses is common international practice is one step closer, following widespread and trans-national support received through a GRI consultation exercise – and from investment organizations in particular.   As national economies become increasingly integrated, there have been growing calls from around the world – including investors, governments

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The world is getting less circular – can reporting help?

The world is going backwards when it comes to circularity – we’re addicted to the linear take-make-waste economic model. That’s the conclusion of the second annual Circularity Gap Report, released by Circle Economy in January during the World Economic Forum Annual Meeting.  According to the report, “Our world is only 9% circular and the trend