GRI announced the launch of GRI 306: Waste 2020, the first globally applicable tool for organisations to report and communicate on their waste impacts. The Waste Standard introduces a stronger relationship between materials and waste to assist reporters in identifying and managing their waste-related practices and impacts throughout their value chain. By including updated disclosures, circularity and waste prevention concepts, 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. GRI 306: Waste 2020 gives insight into the quantity and quality of waste generated and how it is managed.

GRI 306: Waste 2020 has two management approach disclosures, namely Disclosure 306-1 Waste generation and significant waste-related impacts and Disclosure 306- 2 Management of significant waste-related impacts.

Three Topic-specific disclosures including Disclosure 306-3 Waste generated, Disclosure 306-4 Waste diverted from disposal and Disclosure 306-5 Waste directed to disposal are required in GRI 306: Waste 2020 as well.

Here are the key features of GRI 306: Waste 2020:

  • Helps provide a comprehensive overview of waste-related impacts of activities, products and services
  • Enables organisations to identify and report on circularity and waste prevention opportunities and actions
  • Assists to identify management decisions and actions that can lead to a systemic change
  • Introduces a stronger relationship between materials and waste, so as to help organisations understand how procurement, design, and use of materials lead to waste-related impacts
  • Encourages organisations to assess waste generated throughout the value chain, prompting them to recognise responsibility for waste-related impacts upstream and downstream