CSR Reporting: Elaine Cohen digs into the new GRI Standards

Source: Toronto Sustainability, 26 October 2016

A while back I published an overview of the GRI Sustainability Reporting Standards Exposure Draft. Well, now, the Standards are no longer in draft form. They are in real-live-downloadable-usable-bloggable format. Not an awful lot has changed since the Exposure Draft. The main thing is GRIs optimism that this makes GRI a more welcome player at the high-stakes tables where governments, regulators and policy-makers play. As a guideline-maker, GRIs legitimacy was apparently not grounded enough to have equal voice. As a standard-setter, GRI has come of age and has the vote.

For corporations who  transition to GRI Standards, though, the changes probably represent:

  • an administrative headache
  • a change of language yet again
  • a fear of greater scrutiny
  • a fear that a price-tag will soon be placed on use of the Standards
  • an opportunity to influence the Standards development

Read the full article by Elaine Cohen