GRI Standards

The GRI Standards are a comprehensive framework developed by the Global Reporting Initiative to help organizations disclose their economic, environmental, and social impacts. These standards enhance transparency and accountability, enabling stakeholders to assess organizational contributions to sustainable development. Adopted by over 14,000 organizations across more than 100 countries, the GRI Standards are the most widely used framework for sustainability reporting globally.

Key components of the GRI Standards include:

• Universal Standards: Applicable to all organizations, covering core sustainability topics and providing the foundation for reporting.
• Sector Standards: Tailored for specific industries, these standards address sector-specific impacts and challenges to ensure relevant and precise disclosures.
• Topic Standards: Focusing on particular sustainability issues such as emissions, waste, and labor practices, these standards offer detailed guidance for reporting on specific topics.

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

Source(s):

• Global Reporting Initiative (GRI). (n.d.). About GRI.
• Global Reporting Initiative (GRI). (n.d.). The GRI Standards.
• Investopedia. (n.d.). Global Reporting Initiative (GRI): Purpose, Standards, and Importance.

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