Consultation Begins For Next Generation GRI Framework

Published: 27 June 2011

8 pages, 2 figures

EXECUTIVE SUMMARY

This report provides individuals responsible for non-financial reporting with a review of current Global Reporting Initiative (GRI) sustainability reporting guidelines, which were used by 1,824 organizations in 2010, as well as areas of potential change. Sustainability reporting is a fast growing but immature discipline compared to financial reporting. The GRI aims to harmonize reporting standards covering economic, environmental, governance and social information, creating a common set of concepts and terminology enabling firms to report to all stakeholders. The not-for-profit organization is developing a single integrated reporting standard as joint-chair of the International Integrated Reporting Council. The next generation of GRI guidelines, the G4, will be published in 2013. The GRI is open to suggestions such as additional sustainability indicators, support for integrated reporting and harmonization with other reporting frameworks.

TABLE OF CONTENTS

CONSULTATION BEGINS FOR NEXT GENERATION GRI FRAMEWORK
GRI Aims To Make Sustainability Reporting Mainstream
Framework Update Will Support Integrated Reporting
Reporting Leaders Should Actively Engage With GRI To Improve Framework

TABLE OF FIGURES

Figure 1. GRI Guidance Covers Reporting Process, Quality And Content
Figure 2. GRI Sustainability Performance Indicators Span 84 Metrics

COMPANIES MENTIONED

3M, Alcoa, Banco do Brazil, Carbon Disclosure Project, Global Reporting Initiative, International Integrated Reporting Council, Johannesburg Stock Exchange, OECD Guidelines For Multinational Enterprises, PwC Germany, SAP, United Nations Global Compact, Wipro