GRI sets strategy to help business learn more from sustainability data
GRI, the international CR and sustainability reporting organisation, is responding to the changing reporting landscape with a new four-pillar strategy.
Speaking to Ethical Performance, Michael Meehan, GRI chief executive, said that the time had come for GRI to go beyond paper reports: "In our database we have over 25,000 reports. What do you do with that amount of data? You can use it to help organisations learn from others. Great corporate decisions are built on great data."
The four pillars comprise Enabling Smart Policy, More Reporters and Better Reporting, Moving Beyond Reports and Innovation & Collaboration. The first focuses on supporting sustainability reporting and disclosure around the world.
“For more than a decade, GRI has engaged with governments, capital markets and international organizations, who increasingly look to us for guidance on sustainability policy,” said GRI’s Deputy Chief Executive Teresa Fogelberg. “We will intensify our efforts to enable smart policy that can address some of the most pressing challenges of our time. These include climate change, human rights, corruption and many others.”
GRI’s second strategic priority is to continue building its global community of More Reporters and Better Reporting. Its aim is to encourage more organizations to begin sustainability reporting and for those that already do report, to strive for a better quality.
With the third pillar GRI hopes to ensure decision makers have access to the high quality and reliable information they are increasingly demanding. GRI believes there is much more value to be captured from the sustainability reporting process.
The fourth pillar is reliant on the first three: In order to fulfill those priorities, GRI will aim to cultivate a new spirit of collaboration and inclusiveness in the reporting field.
"GRI is the data engine that will drive these ambitions forward," Meehan added.
GRI will shortly be announcing the setting up of a new business unit together with news of a collaboration with a leading technology company to make sustainability information more accessible and comparable.
You can read GRI's updated strategy here.
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