The Global Reporting Initiative (GRI) recently launched a public consultation for its new GRI Sustainability Taxonomy draft, open until 11 August. To delve deeper into this initiative, XBRL International recently spoke to Piers Horner, who led the development of the taxonomy:
This week the Global Reporting Initiative (GRI) launched a public consultation for its new GRI Sustainability Taxonomy draft, which will be open until 11 August 2024. This initiative aims to gather feedback from XBRL experts and sustainability specialists on the design of the new taxonomy.
Last week the Global Reporting Initiative (GRI) and the IFRS Foundation announced an enhanced collaboration aimed at creating full interoperability between GRI and ISSB standards.
The Global Reporting Initiative (GRI) and the IFRS Foundation have collaborated to recently publish “Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards.” The publication serves as a guide for companies navigating the measurement and disclosure of Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions.
EFRAG and GRI have solidified their ongoing collaboration with a new Memorandum of Understanding (MoU), helping bring clarity to the alignment between the European Sustainability Reporting Standards (ESRS) and the GRI Standards. The MoU emphasizes technical support for reporting companies, aiming to deliver transparent and comparable sustainability information.
The Global Reporting Initiative (GRI) is set to launch the Sustainability Innovation Lab (SIL) in partnership with the IFRS Foundation. The SIL aims to enhance sustainability disclosure capabilities globally, acting as a hub for innovation, professional development, and practical solutions.
The European Financial Reporting Advisory Group (EFRAG) and the Global Reporting Initiative (GRI) have issued a statement confirming a high level of interoperability between their respective sustainability reporting standards.
The ISSB has released its first two proposed standards, allowing the consultation process to begin and marking a critical milestone on the way to a global baseline for sustainability reporting.
With sustainability and particularly climate disclosures increasingly entering the mainstream of corporate reporting – if not yet fully realised in terms of implementation – biodiversity reporting standards may be the next area to watch.
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.
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