GRI starts work on revisionJune 2011
The Global Reporting Initiative (GRI) is asking its network and the public for input as it begins work on new sustainability guidelines.
The fourth generation of the GRI’s sustainability reporting guidelines is expected to expand significantly, as well updating and clarifying the present G3 guidelines, which have been in place since 2006.
GRI says the new guidelines will be a response to the growing importance of non-financial reporting as it will ‘need to be standard-ready’ while it enters ‘a mainstreaming phase’.
Therefore, G4 will specifically aim to help companies to report better to their various stakeholders, to harmonize available frameworks and principles, and to provide more advice on the integration of financial and non-financial performance data.
The new guidelines are also being seen as a stepping stone for companies preparing an integrated report based on the framework being developed by the International Integrated Reporting Committee.
There is at present a call for sustainability reporting topics that members and the public would like included.
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