GRI develops industry-adapted guidelines for corporate reporting of sustainability and corporate responsibility. The guidelines define both reporting principles and general and industry-specific indicators.
GRI develops reporting tools
Global Reporting Initiative (GRI) is an independent organisation which, since it was established in 1997, has worked to create a more standardised format for corporate responsibility and sustainability reporting. The most recent main version of GRI's sustainability reporting guidelines (G4) was published in 2013, but the last version (G3) can also be used in a transitional period (up to 1 January 2016). In 2009, the guidelines prepared especially for the energy industry (Electric Utilities Sector Supplement) were approved.
GRI G3 defines ten reporting principles. Four of these deal with establishing the scope and content of the report, while the other six address the quality of the information presented.
GRI G3 covers both general and industry-specific indicators, divided between core and supplementary indicators, for enterprise profile, economy, environment, working conditions, human rights, corporate citizenship and product responsibility. For all areas, companies must describe the governance and follow-up mechanisms that have been implemented.
Different reporting levels
GRI G 3 has three corporate reporting levels – A, B and C – where A is the highest level. In addition, the reporting level is marked with a ”+” if the reporting has been verified by an external third party.