One reason behind the popularity of sustainability reporting is that transparency not only helps companies tell their story, it also drives improvements in performance. As per the business axiom, “You can’t manage what you can’t measure.” Transparency is a currency that builds trust.
Because of this success, multiple sustainability reporting frameworks have emerged. Companies complain of an increasingly fragmented and burdensome process. Part of this discussion is whether companies should use the standards from the Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB). This is often framed as a competition; a choice between rivals. We’re writing to set the record straight: This is a false choice.
Read the full article by Tim Mohin (Chief Executive GRI) and Jean Rogers (Founder & CEO Sustainability Accounting Standards Board)