GRI

Global Reporting Incentive's (GRI) Sustainability Reporting Guidelines set a globally
applicable framework for reporting the economic, environmental and social
dimensions of an organizations activities, products and services. IT is the
most widely used and internationally recognized standard for corporate
sustainability measurement and reporting. The cornerstone of the Framework is
the Sustainability Reporting Guidelines.

Some of the distinctive elements of GRIs framework and the activity that creates it-includes:

·      Multi-stakeholder input: GRIs approach is based on
multi-stakeholder engagement; this is considered the best way to produce
universally-applicable reporting guidance that meets the needs of all report makers
and users. All elements of the Reporting Framework are crated and improved
using a consensus-seeking approach, and considering the widest possible range
of stakeholder interests.

·      A record of use and endorsement: New audiences for sustainability
information, like investors and regulators, are now calling for more and better
performance data.

·      Governmental references and
activities: GRI was
referenced in the Plan of Implementation of the UN World Summit on Sustainable
Development in 2002.

·      Independence: GRI’s governance structure helps to
maintain its independence; geographically diverse stakeholder input increases
the legitimacy of the Reporting Framework.

·      Shared development costs: The expense of developing GRI’s
reporting guidance is shared among many users and contributors.  

      Bridge building: GRIs basis in multi-stakeholder
engagement contributes to its ability to build bridges between different actors
and sectors-like business, the public sector, labour unions and civil society
and to mediate.