GRI and SASB standards ‘complement each other’
The Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) have published joint research exploring the experiences of companies using both sets of standards. It found that the standards “complement rather than substitute the other, with GRI supporting broad and comprehensive disclosures on organizational impacts and SASB focusing on a subset of financially material issues.”The report suggests that “using the GRI and SASB Standards together can offer a holistic picture of corporate performance, bringing sustainability and financial information more closely together,” and meeting the varied needs of a range of stakeholders.
Building on such complementarities between existing frameworks will be an important part of the development of a single set of unified global sustainability reporting standards. A recent updated Climate Risk Technical Bulletin from SASB has also found that “SASB Standards and the TCFD [Task Force for Climate-related Financial Disclosures] recommendations are complementary and mutually reinforcing.”
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