Navigating the unexplored waters of EESG frameworks and indicators is not an easy task, especially if you are not confident in your map. With all the “maps” (i.e. frameworks and guidelines) available, choosing the right one is a crucial decision for the “captain” (i.e. the manager). Given the fast-changing regulatory environment and the increasing diversification of audiences (investors, the public, employees and NGOs) the risk of falling short on transparency and compliance can be extremely high. This type of risk is complex and comes from a variety of sources such as industry peers, supply-chains and influential stakeholder groups.
We compared the three dominant EESG reporting frameworks: the Global Reporting Initiative (GRI), the International Integrated Reporting Council IR Framework, and the Sustainability Accounting Standards Board guidelines (SASB).