What are GRI standards?
Nicole Phillips explains what the Global Reporting Initiative (GRI) framework is and how incorporating GRI standards when designing & implementing an ESG strategy can benefit your organization.
So, what are GRI standards, and why should your organization consider implementing them?
GRI stands for the Global Reporting Initiative, and when looking to create value in your ESG department, companies might want to consider writing your CSR report to follow these standards.
GRI created the first set of strict sustainability reporting standards in the world and they're internationally recognized. It's really difficult sometimes to know where to start when it comes to ESG and sustainability in your organization.
And GRI really created a very helpful framework that identifies key, environmental, social, and economic impacts to your organization, and allows your organization to really customize these GRI standards to your particular needs and wants.
There are two GRI categories: Universal Standards and Topic-Specific Standards. There are 34 Topic-Specific Standards that allow organizations to take a deeper dive into different emerging ESG topics.
By using GRI standards to guide your ESG report or your CSR report, your organization is being held to the highest of standards, and this will really benefit your organization with submissions to GRESB and SASB.
Hope this was helpful!