The Global Reporting Initiative (GRI)
The Global Reporting Initiative (GRI) produces globally recognized sustainability reporting frameworks and offers tools to help organizations set goals, measure progress, and manage sustainability performance. Read this article that gives an overview of the GRI and its reporting guidelines.
How does an organization begin to approach measuring sustainability improvements? How can these be compared to other organizations and communicated with transparency and trust to stakeholders?
European Commission Directive
In December 2014, the EC has adopted a new directive obliging large multinational corporations to provide non-financial disclosure to the markets. The law applies to public companies with more than 500 employees. Companies that would provide such a reporting would be required to report on environmental, social, and employee-related, human rights, anti-corruption, and bribery matters. Additionally, these large corporations would be required to describe their business model, outcomes, and risks of the policies on the above topics, and the diversity policy applied for management and supervisory bodies. The reporting techniques are encouraged to rely on recognized frameworks such as GRI's Sustainability Reporting Guidelines, the United Nations Global Compact (UNGC), the UN Guiding Principles on Business and Human Rights, OECD Guidelines, International Organization for Standardization (ISO) 26000, and the International Labour Organization (ILO) Tripartite Declaration.