The Global Reporting Initiatives (GRI) released the latest version of the sustainability reporting guidelines, referred to as G4, at its 2013 global conference in Amsterdam, and emphasized that the new version of the sustainability reporting guidelines will pay more attention to materiality.
GRI stated that encouraging companies to provide only economic, environmental and social disclosures and indicators relevant to their business will allow reporting companies and reporting users to focus on truly influential issues and produce more credible reports. The revised G4 reporting guidelines will also help companies produce information related to raw material sustainability, which can be included in comprehensive reports.
G4 claims to be a more “user-friendly” version that is easier to use for new sustainability report writers. G4 is also in line with different international sustainability reporting frameworks, including the Organization for Economic Co-operation and Development (OECD) MNE Guidelines, the United Nations Global Compact Principles and the United Nations Guiding Principles on Business and Human Rights ( Guiding Principles on Business and Human Rights).
The main changes in the G4 version are as follows:
– Up to date on the latest governance, ethics and integrity, supply chain, anti-corruption and greenhouse gas emissions revelations.
– Common format for disclosure of new management measures.
– Two new disclosure standard options for raw materials.
– New GRI content indicators to provide a transparent disclosure pipeline with external certification.
– Technically vetted content and clear disclosure requirements.
– Detailed explanation of raw material impact options and boundary setting guidelines.
– Flexible sustainability reporting focus selection and integration with local and regional reporting frameworks and requirements.
To pre-understand the content of GRI G4 version, please refer to the attachment Part1 Reporting Principles and Standard Disclosures (English)
Source: Environmental Leader (2013-05-22) (PIDC compilation)
Attachment file:GRIG4-Part1-Reporting-Principles-and-Standard-Disclosures.pdf
