Global Reporting Initiative (GRI) is a network-based organization that has pioneered the development of the world’s most widely used sustainability reporting framework and is committed to its continuous improvement and application worldwide. The objective of GRI is to ensure the highest degree of technical quality, credibility, and relevance, the reporting framework is developed through a consensus-seeking process with participants drawn globally from business, civil society, labor, and professional institutions.
The G3 Guidelines are the cornerstone of the GRI Sustainability Reporting Framework. In line with the GRI vision, it is recommended they be used as the basis for all of an organization's annual reporting.
The Guidelines outline core content for reporting and are relevant to all organizations regardless of size, sector, or location. They are the foundation upon which all other GRI reporting guidance is based. The G3 Guidelines outline a disclosure framework that organizations can voluntarily, flexibly, and incrementally adopt. The flexibility of the G3 format allows organizations to plot a path for continual improvement of their sustainability reporting practices. It has two primary sections:
The Reporting Framework contains the core product of the Sustainability Reporting Guidelines(“the Guidelines”), as well as Protocols and Sector Supplements.
Part 1 – Reporting Principles and Guidance
Principles to define report content: materiality, stakeholder inclusiveness, sustainability context, and completeness.
Principles to define report quality: balance, comparability, accuracy, timeliness, reliability, and clarity.
Guidance on how to set the report boundary.
Part 2 – Standard Disclosures
Strategy and Profile
Management Approach
Performance Indicators
Olivearth provides support in ensuring the reporting is done in accordance to the GRI guidelines.
Sustainability reports based on the GRI framework can be used to benchmark organizational performance with respect to laws, norms, codes, performance standards and voluntary initiatives; demonstrate organizational commitment to sustainable development; and compare organizational performance over time.
GRI promotes and develops this standardized approach to reporting to stimulate demand for sustainability information – which will benefit reporting organizations and those who use report information alike.
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Saturday, 07 August 2010
