GRI announced the launch of GRI 306: Waste 2020, the first globally applicable tool for organisations to report and communicate on their waste impacts. GRI 306: Waste 2020 reflects global best practices on waste management and will be effective for reports and other materials published on or after 1 January 2022.
With increasing awareness of social and population health impacts private sectors have, Robert Wood Johnson Foundation (RWJF) and the Global Reporting Initiative (GRI) have been working on a project named Culture of Health for Business (COH4B), aiming to push the companies to think differently on how they can affect the population health and society, through exploring business practices that have discrete health and business impacts.
The huge slap of this COVID-19 epidemic on most enterprises made it hard for us to imagine how the aftermath and indirect impacts of the disaster will change the socio-economic structure and business development models. In the post-pandemic era, how to cumulate the experience from setbacks and use the brand new financial values and management system called‘ESG’to empower corporate sustainability development will be a new trend of global development.
Business and climate change have mutual impacts on each other. Business influences climate change with climate-related reporting today laying more emphasis on different business models’ carbon footprint while climate change does sway business models to some extent with the reporting promoted by Task Force on Climate-related financial disclosures (TCFD) focusing on financial implications of climate change on business models.
Content development is the stage of transformation where all the materials and data being collected turn into the actual report that is being presented. It is, however, more than just a “writing-up”, but an on-going process of narrative development [...]
Data collection is a very time-consuming activity and requires collaborative efforts. It should be a customised and unique process for the organisation and therefore remains a fairly flexible element in the sustainability reporting process. Therefore, there is no strict [...]
According to the GRI standards, the sustainability report shall cover topics that: Reflect the reporting organisation’s significant economic, environmental, and social impacts; or Substantively influence the assessments and decisions of stakeholders. Materiality assessment helps the reporting entity to identify [...]
Stakeholder engagement, as a method to obtain stakeholder’s opinions and focus areas, is an essential part of preparing the sustainability report under the GRI framework, which could assist companies to establish the sustainability strategies that suit own development models [...]
GRI standards provide companies with a flexible and future-proof reporting structure, that is, the forward-looking and rigorous approach advocated by GRI ensures its process and topics can always remain up-to-date and relevant.