Global Reporting Initiative (GRI)

The Global Reporting Initiative (GRI) is an independent, international organization that provides a standardized framework for sustainability reporting. Established in 1997, GRI helps businesses, governments, and other organizations understand and communicate their impacts on critical sustainability issues such as climate change, human rights, and corruption. The GRI Standards are the world's most widely used for sustainability reporting, enabling transparency and accountability in organizational practices.

Key components of the GRI framework include:

• Universal Standards: Applicable to all organizations, covering core sustainability issues related to economic, environmental, and social impacts.
• Sector Standards: Tailored guidelines for specific industries to address sector-specific sustainability challenges.
• Topic Standards: Detailed disclosures on particular sustainability topics, such as emissions, waste, and labor practices.

By adopting the GRI Standards, organizations can enhance their sustainability reporting, meet stakeholder expectations, and contribute to global sustainable development goals.

Source(s):

• Global Reporting Initiative (GRI). (n.d.). About GRI.
• Investopedia. (n.d.). Global Reporting Initiative (GRI): Purpose, Standards, and Importance.
• IBM. (n.d.). What is the Global Reporting Initiative (GRI)?

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