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 and it is mandatory for reports published after december 2015. From 2009 guidelines prepared specifically for the electric utility sector (Electric Utilities Sector Supplement) have been available.
GRI G4 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 G4 covers both general and industry-specific 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.
Companies can choose between two reporting levels - Core or Comprehensive.